Rateholders are financial liabilities provided by the non-bank sector. Although they are addressed mainly to those who have problems obtaining a loan from a bank, the services of loan companies are also increasingly used by consumers with a good and stable financial situation. This is due to the few formalities that must be met to apply for a payday. To be sure, simply complete the short registration form and wait for a response from the Customer Service Office. The ease with which non-bank liabilities are granted means that many times before we pay off one loan, we take another loan offered by another institution. Unfortunately, this often results in difficulties in settling all obligations on time and in consequence accruing additional interest. If we are in such an embarrassing situation, maybe it would be worth considering signing a contract for a consolidation loan, which will consolidate our repayments so far. It will not free us from debts, but will significantly facilitate the return of all borrowed loans.
Where and how to consolidate payday loans?
Usually, these types of financial liabilities are provided by companies outside the banking area, which, apart from offering loans via the internet, also offer consolidation loans.
Consolidation of payday loans is also possible in the banking sector. Peraza offers such solutions to its clients.
The Peraza loan company grants payday loans up to PLN 3,000 for 30 days or loans in installments up to PLN 15,000 for a maximum of 2.5 years. However, if consumers want to transfer their previously paid loans in other companies to Peraza, they can count on consolidation up to PLN 40,000 for 12-48 months. APY for PLN 40,000 for 4 years is 56.81%.
Roch is the second known non-bank institution that, apart from traditional Internet loans, also offers consolidation of payday loans. Here, borrowers will receive from PLN 2,000 to PLN 16,000 for 12 months if they plan to combine all the payday loans into one new financial commitment. In addition, the company can offer customers additional cash for any purpose.
Consolidation of payday loans can also be made at PaydayLoanConsolidation.net. The maximum loan amount is PLN 200,000 and the repayment period is 10 years. To transfer your existing commitments, you must complete the online application. Persons who are clients of the bank can use the mobile application, which will definitely accelerate the process of applying for a loan. APY for representative examples is 14.29%.