Due to internal and external factors that have influenced the economy in this year 2022, the situation of debtors in Spain continues to get complicated.
What was seen in January as the definitive exit from the crisis caused by the pandemic ended in a context of global economic slowdown.
This situation is particularly reflected in the default statistics, which in July had already risen above the Eurozone in Spain. Faced with such a situation, individuals and companies have been forced to look for formulas such as the debt consolidation to survive the storm.
Repay your debts and get a new loan
Reunification.es is a company with services on line whose operational headquarters are in Madrid and Segovia. The purpose of the company is to provide solutions to debtors to reunite their debts into one. This gives them a number of benefits, including access to new loans.
They explain that the reunification of debts is a financial process through which capital is obtained with which the debtor pays various commitments. In this way all these debts are consolidated by paying a single monthly payment, generally lower. This happens because the deadline for paying the debt resulting from the agreement is extended.
The support offered by companies such as Reunificación.es is focused on individuals or families with many monthly fronts at the same time. Car payments, credit cards, mortgages and other loans can be consolidated into one monthly payment. It is a very convenient solution for families whose working situation has changed and it is difficult for them to make ends meet with their bills.
Why is it necessary to analyze the reunification of debts?
The company says that while this financial product offers relief to those who have more debt to pay each month, it is always important to analyze. In Reunificación.es claim that there are immediate benefits such as reduced monthly feeBut there are also other aspects to consider. By increasing the term to pay off the debt, you end up paying more money at the end of the loan.
For this reason, they recommend go to companies specializing in the subject to carefully explore this option. In the office they also recalled that access to this product incurs some ancillary costs such as appraisals and legal documents. it must also be take into account notary fees, issuing deeds and novation fees.
To qualify for debt consolidation, this specialist firm warns that applicants must demonstrate stable income to make the new commitment. Likewise, the amount of the new loan must not exceed 80% of the value of the asset placed as collateral. Another common requirement that is made is that with the new loan all previous debts must be cleared.
