A loan in spite of current loans is not an impossible task. The inclusion of the additional credit just needs to be properly thought out and planned. How this works, we would like to explain here.
Why loan despite running loans?
It is not uncommon for multiple loans to be serviced simultaneously. Just by the consumer credit, the dealers offer, it can come again and again to overlaps. If another vehicle or property is financed, several loans have come together quickly.
But there are also consumers who consciously rely on multiple loans. Different repayment agreements create a flexibility that keeps the entire financial construct going. But only if there is complete control over revenue and expenditure.
In addition, the borrower must be very dutiful and meticulous, so that no payment obligation is neglected. Otherwise, over-indebtedness threatens.
The planning of borrowing
Since there are already several credit obligations, it is important that the renewed borrowing is planned very well. If this does not happen, the additional loan can bring an imbalance into the finances despite current loans. This will sooner or later lead to debt. To prevent this, a financing plan should be drawn up.
The financing plan includes all income and expenditure recorded each month. Especially with the expenditure should not proceed too economical. Also unpredictable expenses should be considered. Likewise, those that do not take place monthly. Such as the fee, insurance premiums or taxes to be paid.
Once a listing has been compiled, it is possible to see how much financial leeway there is for another loan despite ongoing loans. Based on this, it can be recognized with what monthly rate the new loan can be equipped.
Where is the loan despite current loans?
If the creditworthiness of the borrower matches, then the loan can be taken up at any bank despite current loans. Even private providers will be happy to help. It is always important that the credit is not an additional burden, but skillfully incorporated into life. If that is the case, then no bank will refuse to borrow.
As a borrower, you therefore have the task of comparing the many different loan offers. Without a settlement, no credit should be taken. Most offers differ in detail quite clearly, so that in the end a difference of several thousand euros can arise. Money, which you have to take more or less for the credit in your hand.
The comparison can be done with the help of a comparison computer. It displays suitable loan offers within a few minutes, which can then be used as needed.
When should a rescheduling be considered?
Sometimes it may make sense to combine the existing loans and the new loan into a single loan. Such rescheduling usually increases financial flexibility and reduces costs.
A rescheduling in the context of taking a loan despite current loans, however, makes sense only if a particularly favorable loan offer is available. In addition, the already existing loans without discount must be terminated early.