Debt consolidation
Several credits, a single monthly instalment
Debt consolidation — also called credit regrouping — means having all your existing borrowings bought out by a single lender. Personal loan, car credit, revolving credit facility, store card balance: everything is settled, then replaced by a single credit, at a fixed rate, with a single monthly instalment debited on one date.
The aim is twofold: to lighten your monthly burden by extending the repayment term, and to simplify your admin by keeping only one contact, one agreement and one due date. Depending on the situation, the overall instalment may be reduced appreciably. In return, the longer term increases the total cost of the credit: this is a trade-off we quantify clearly with you before any decision.
- One monthly instalment, one direct debit, one date
- Annual rate fixed at 3.90%, amount from €5,000, constant instalment through to the final payment
- The option of including additional cash for a new project
- Free assessment, no obligation and no hidden arrangement fees
When is it worth considering?
Too many existing credits
You have three, four or more credits running, with debits on different dates and little visibility over your real budget.
Monthly burden too heavy
Your repayments weigh too heavily on your net income and there is no longer enough margin to live comfortably or to cope with the unexpected.
A change in circumstances
Separation, a birth, a move to part-time work, retirement: your income has changed and your instalments must adapt to it.
A new project to fund
You want to fund home improvements or a car, but your existing credits limit your borrowing capacity: consolidation can unlock the situation.
Expensive credits to settle
Revolving credit facilities and store cards often carry high rates. Including them in the consolidation replaces them with a single fixed rate.
A need for clarity
You simply want to know where you stand: one agreement, one amortisation schedule, one end date known in advance.
How does debt consolidation work?
You have nothing to arrange with your current lenders: the new lender takes care of settling the credits being bought out.
1. Inventory of your credits
You list your existing borrowings: outstanding capital, monthly instalment and remaining term for each of them. This statement is the basis for calculating the possible saving.
2. Simulating the consolidation
The credit calculator gives you the new monthly instalment for the total bought out, according to the term chosen. You compare it directly with the sum of your current instalments.
3. Assessment and proposal
We analyse your budget, check your repayment capacity and approach several lenders, except where we fund your application directly. You receive a costed proposal: instalment, term, APR and total cost.
4. Signature and repayment of the old credits
After signature and the statutory cooling-off period, the lender repays the credits being bought out directly. All you have left is a single monthly instalment to meet.
What you gain from it
- A lighter monthly burden and a budget with more room to breathe
- One agreement, one direct debit, one end date
- An end to revolving credit facilities and high-rate cards
- A fixed monthly instalment, known in advance through to the final payment
- Objective advice on whether the operation really is worthwhile, backed by figures
Frequently asked questions
Personal loans, car or motorbike credits, home improvement credits, revolving credit facilities, store cards and overdraft balances. We look at each line to determine which ones are genuinely worth buying out for you.
That depends on the outstanding capital, on the rates of your current credits and on the new term chosen. The reduction comes mainly from extending the term: the longer it is, the lower the instalment, but the higher the total cost. The calculator lets you test several terms.
Often yes, once the term is extended: you pay interest for longer. That is the price of the lower instalment. We always present both figures — instalment and total cost — so that you can decide with full knowledge of the facts.
That is possible on some files: an extra amount can be added to the consolidation to fund a new project, within the limits of your repayment capacity and subject to the lender's agreement.
No. Once the new agreement has been signed and the statutory period has elapsed, the lender repays the credits being bought out directly to your lenders. Simply check that the old direct debits do stop the following month.
The decision in principle comes quickly after we receive your application. Actual release of the funds then depends on your documents being sent in, on the settlement statements from your current lenders and on the statutory cooling-off periods.
Let us review your credits together
First estimate your new monthly instalment with the credit calculator, then submit your application: an adviser will compare your current credits with what the market offers. The assessment is free and without obligation.
Apply for credit Simulate my consolidation
Credit is a commitment and must be repaid. Check that you can afford the repayments before you commit.
Consolidating credits generally lengthens the repayment term and increases the total cost of the credit. The information on this page is indicative and constitutes neither an offer of credit nor a contractual commitment. Subject to approval of the file by the lender.
