For many individuals, the problem is that they extend their consolidation loan for too long. This might provide some relief right up front in the form of lower payments, but it does not account for the amount that you will end up paying over the long haul. You can ‘easily apply small credit immediately’ (also known as ‘Wenden Sie sofort ein kleines Guthaben an’ in German language)
Image Source: Google
If you want your consolidation for cheaper, then you can not stretch it out over many years. You will end up paying too much in interest this way. Getting it cheaper is about paying it off in as short a time period as possible, given that you are able to survive with your assigned payment plan.
The good news for people with debt is that it is possible to get cheap loans in this way. You just have to understand what to look for and you have to structure the loan in a way that is smart for the long haul.
NOTE: by researching and comparing the best credit card debt consolidation services in the market, you will determine the one meeting your specific financial situation. Specialized advice from a reputable debt counselor is always suggested.
Then estimate your maximum monthly costs, deduct insurance and estimated repair costs and enter in the car calculator for a long time with the current car price and interest rate. Here is how many months you have to pay the loan.