Requirements to refinance a debtUncategorized
If you are one of those who by having a credit makes your monthly payment on time: congratulations! You have already met one of the main requirements to refinance a debt . Do you want to know what the others are? Next we tell you.
The refinancing option consists of a new loan that you already had. If you have bank debts , you need extra money to solve some unforeseen, start a business or expand your credit lines , but you are a good payer, it is convenient to refinance .
A debt refinancing is available to all who have a loan and are punctual in their installment payments, as it means they take care of their personal finances .
Another important requirement is to have paid a certain percentage of the credit (at least 20% in some institutions).
By requesting refinancing you will get benefits such as increasing your credit lines , more resources, almost always under the same conditions ( interest rate , similar or lower term , etc.). The amount you will receive will help you settle your first debt and the rest you can use in whatever you need.
In some proposals to refinance debt the payment term is extended.
Bunter helps you refinance a loan
Being a worker of the local or federal government, of the health sector, teacher, gives you the way to refinance debts .
If you have a payroll loan with us then you already meet the main requirement of being a punctual payer. The rest of the requirements are reduced to one: have a valid official ID and only in special cases will you be asked for an extra document.
This new loan will be discounted via payroll, so you will not worry about making deposits, and you will be able to pay it up to 96 fortnights.
Use refinancing to take advantage of that business opportunity, give your home or car hitch, end other debts, or just have a good time going on vacation with your family.
Refinancing vs. debt consolidation
Remember that refinancing is not the same as consolidating a debt.
The first option will allow you to get more money on a current loan to pay off what you still owe on your original loan (such as credit cards , personal loans , business credit , etc.), and the rest you can use for whatever you need. To access this option it is important to have a good payment history.
The consolidation consists of concentrating all the loans that you have pending in other institutions and banks in one, to have a single debt. The problem here is that you will not get a constant source of financing – unlike debt refinancing.
Remember that Bunter offers you the opportunity to make the most of your credit capacity if you are a teacher, worker in the health sector, local and federal governments.
If you are a good payer, click here and enter your Federal Taxpayers Registry (RFC) to see if you have an offer available. If so, you will find a pre-filled application, which you just have to complete.
Soon you will get an answer from a financial advisor . You will pay off your original loan and the rest of the money is for you. You can collect it at a bank window or deposit to your payroll account.