What are the requirements to request and obtain debt consolidation? How is it delivered? All the answers to the most frequent curiosities about debt consolidation: a growing tool in the Italian financial landscape, whereby customers are able to concentrate all their debts in a single counterparty, taking advantage of extremely convenient interest rates.

• Why is debt consolidation one of the most used tools among financial practices?

Debt consolidation is a tool that allows the customer to unify the counterparty for all the loans previously contracted: in this way, the financed manages to have a single debt towards a single entity even if the relative debts were different, having furthermore, the possibility of deferring payments over time.

Already in another article in this guide, the subject of debt consolidation has been discussed in detail, for this reason, below, attention will be focused on how to request this financial instrument.

However, it seemed appropriate to redefine the concept of debt consolidation again, in order to make clearer what will be discussed.
Debt consolidation is a solution that allows you to pay off the loans and merge them into a single monthly installment; this tool also allows you to enjoy very competitive interest rates.

By consolidating debts, the client can concentrate all the loans previously contracted into a single installment, usually equal to a lower sum, compared to the one previously paid.
On the other hand, however, debt consolidation greatly extends the time needed to repay the entire sum of money.
The maximum amount obtainable varies according to the following parameters:

• to the client’s profile
• to the characteristics of the requested loan.

The Italian legal system considers the consolidation of debts as a structured loan, with a maximum amount up to $ 30,000.00 and amortization of 120 months.
For state employees, debt consolidation can be requested with a fifth of salary.

Debt consolidation is a very useful tool, especially when a customer is unable to pay the loan installments regularly.
Furthermore, this tool opens the possibility to extinguish the refinancing at any time, allowing you to save on the interest calculated on the capital still due.

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To apply for debt consolidation, you need to contact De-Debt ..!! 

The objective of debt consolidation, in fact, is to guarantee favorable conditions for the paying customer, restructuring the payment with lighter times and installments.
Furthermore, the consolidation of debts allows new liquidity to be obtained, however, in this case, it is necessary that the debts that are already in progress must provide for the clause of early termination: without the latter, the liabilities cannot be closed.

WHAT ARE THE USEFUL REQUIREMENTS FOR ACCESSING THE DEBT CONSOLIDATION?

The requisites necessary for accessing debt consolidation vary according to the funding bodies, that is, depending on the prerogatives given by the banks regarding certain parameters; the lenders base their credit consolidation operations on customer loyalty.
However, it is possible to list some basic aspects, considered fundamental for each credit institution, or the following:

• a permanent employment contract
• seniority of at least 12 or 24 months
• the absence of protests, foreclosures or enrollment in the central credit card
• age between 18 and 75 years
• residence within the Italian territory.

Furthermore, debt consolidation can be requested by the following professionals:

• by employees;
• by the public or state workers, as already mentioned, give the fifth one;
• by pensioners.

The funding body will decide to grant debt consolidation only when the actual repayment capacity of the applicant will be confirmed.

WHAT ARE THE MAIN METHODS OF DELIVERY AND REIMBURSEMENT OF DEBT CONSOLIDATION?

Once the decision has been taken by the provider to grant debt consolidation, it is allocated in various ways, namely the following:

• credit via bank transfer to the current account;
• sending a check.
• The reimbursement, however, takes place according to the following methods:
• direct debit to the current account;
• payment by postal order.

WHY IS CONSOLIDATION OF PAYABLES ONE OF THE MOST USED INSTRUMENTS BETWEEN FINANCIAL PRACTICES?

The consolidation of debts, therefore, represents a new trend for the world of consumer credit: day by day, in fact, it is gaining more and more fame, becoming a solution much practiced by consumers.
Customers increasingly choose to rely on consumer credit, as, increasingly, we feel the need to redefine some details of the loans already obtained.
In particular, the following aspects make consumer credit very affordable and for this reason very chosen:

• the possibility of having a single counterparty for all debts contracted;
• simplification of practices to be completed
• payment extension with the reduction of the individual installments.

The client, finding himself in financial difficulties, turns to a lender, who provides for the extinction of all outstanding debts, deferring the payment on a new financing project, characterized by longer times and lighter installments.