How to compare credit buy offers

Faced with difficult month ends, are you thinking about buying a loan? This operation can indeed allow you to restore the situation and get out of your financial worries. To obtain loan consolidation studies and find the best offers, the use of a credit redemption comparator is often advisable. Most online credit agencies – if not all – also offer a simulation tool. This allows you to perform comparisons very simply and very quickly. Creditstair takes stock of these two methods.

Why make a credit redemption?

Why make a credit redemption?

Also known as a credit consolidation or debt restructuring, the credit buyback involves bringing together several outstanding loans into a single credit. The objective, for the borrower, is to lighten his monthly payments. The latter thus gains in purchasing power and has the opportunity, for example, to save or finance other projects that are important to him. As with any credit, borrower insurance is optional here.

A credit consolidation is appropriate in two cases:

  • when the borrower begins to experience financial difficulties: it will avoid a potential situation of over-indebtedness and, in fact, a registration in the FICP (personal loan repayment incidents file). Because it is necessary to know it, any over-indebted person registered on this file can not any more not contract a loan nor make a repurchase of credit;
  • when the economic situation allows it: in other words, when there is a fall in interest rates.

If a repurchase of credit allows the borrower to lower the amount repaid each month for his debt, it implies on the other hand an increase in the total cost of credit. This for one simple reason: the repayment term of the loan is lengthened. However, this duration determines the APR (annual percentage rate of charge) to be applied. The longer it is, the higher the APR will be.

Good to know: some borrowers act in reverse
The repayment period is set according to the financial situation of the borrower. Thus, when they realize a credit consolidation, some borrowers have the opportunity to shorten the repayment term, and thus significantly reduce their borrowing rate.

I have loans of a different nature: how is the redemption of credit done in such a case?

I have loans of a different nature: how is the redemption of credit done in such a case?

There are several types of credit consolidation, each adapted to a particular situation.

  • The purchase of consumer credit: it concerns all types of consumer credit (earmarked or unrestricted), such as auto credit, revolving credit, bank overdraft or tax debts.
  • The repurchase of mortgage: it applies exclusively to real estate loans.
  • The mixed loan buyout: it includes real estate credit and consumer credit (s).

Whether you use a credit institution, a bank or a credit repurchase comparator, your credit consolidation file will be treated the same way on this point.

Note: beware of confusion
Redeeming real estate loans and renegotiating mortgage loans are two different concepts that should not be confused. The first means a redemption of your debts by a competing institution, the second a renegotiation with the organization that granted you the loan.

What is a credit redemption comparator?

What is a credit redemption comparator?

A credit consolidation can be done at different institutions. The borrower can appeal:

  • to a banking organization;
  • an organization specialized in credit;
  • but also to a broker in repurchase of credit.

Gold, credit redemption comparator and broker form one and the same entity. Intermediary in banking operations (IOB), this professional is independent of banks and credit institutions. Its role is to study your credit consolidation file and then compete for you specialized organizations in this financial transaction.

The credit buyback broker has a whole professional network around him. This allows him to find particularly attractive rates. Much more than if you were applying for yourself.

A broker can be:

  • exclusive agent: he depends on a single bank, which he represents;
  • or non-exclusive agent: in this case, he holds mandates from different organizations. A wider choice of products will be offered.

Between simulation and online credit redemption comparator, what to choose?

Between simulation and online credit redemption comparator, what to choose?

As we have seen, using a credit redemption comparator is an interesting option for the borrower wishing to reduce his monthly payments. It should be kept in mind, however, that a broker, even a non-exclusive agent, will not do a comprehensive market study as it represents only certain organizations.

Even with the best-performing simulators, you will not be able to tackle this task either, given the abundance of credit redemption offers. However, performing a simulation with some organizations will give you a first idea of ​​the rates charged. That does not bind you to anything. It’s up to you to call on a broker, while keeping the offers you have been offered under your elbow. You will have something to compare! To do this, always refer to the TAEG. This includes all fees (fees, insurance premium, etc.) and refers to the total cost of the loan.

How much does a broker buy back credit?

How much does a broker buy back credit?

A broker can be compensated in two ways:

  • either on commission: oscillating between 1 and 5% of the sum borrowed, it is paid by the institution buying back the credit. You have nothing to pay;
  • either in the form of a flat fee: these are therefore at your expense.

This remuneration only occurs once the credit consolidation agreement has been concluded between his client and the credit agency or the mandated bank. Before signing, take the time to read all the clauses. Also make sure there are no exorbitant fees. This is sometimes what can hide the lack of fees.

Credit Cluster: Creditstair Commitments

Creditstair is not a traditional credit institution. We propose an innovative financing model. Unlike the banks or even the various organizations that may be offered by a credit redemption comparator, the capital granted to borrowers via our platform comes from an investment fund. This money is collected from professional investors, such as foundations, insurers or individuals. At home, there is no complex and risky transformation operation. Thus, investors as borrowers find their account.

Many other criteria differentiate Creditstair from most other credit agencies:

  • A single loan for all: we only offer loans with fixed and amortisable rates, with free early repayment whatever the amount. At home, there is no floating rate credit or revolving credit, which weakens borrowers’ cash flow.
  • Total transparency: we do not conceal any costs. Our credits include a service charge (for the platform’s remuneration) and interest calculated from the APR (for the investors’ remuneration). No more no less.
  • Availability and support: we are reachable by phone, e-mail or chat. The borrower also has the opportunity to follow the progress of his credit consolidation file from the dedicated area.
  • Reactivity: 24 hours is the maximum time during which you wait for a definitive answer from us (after receipt of the signed credit agreement and all the proof). In case of refusal, you are alerted immediately.
  • 100% digital interface: you can send us your documents directly online. This saves you valuable time and facilitates exchanges.

When a borrower struggles to repay his various loans, he is in a difficult financial situation. The credit consolidation is a real way out. Nevertheless, do not act in haste, but take the time to compare offers. Whether this is done through a credit redemption comparator and / or via a simulation tool, it is the insurance to start on a good basis. To discover the rates offered by Creditstair, visit our simulator. It’s easy to use, fast and completely anonymous!

Debt restructuring of real estate loans

Debt restructuring, or debt redemption, is a combination of loans into one: the new loan is designed to provide a financial balance to the borrower or to finance a new project. Can we restructure all its loans?

The different types of debt restructuring

The different types of debt restructuring

The restructuring of real estate loans is intended to take out a more advantageous loan to shorten the repayment period or to reduce the monthly payments and thus blow. The disadvantage in the latter case is that the cost of credit will increase if the remaining repayment time is small. The borrower will again pay interest that he has already paid. It must also provide in the restructuring operation for the payment of the penalties provided for in the contract for the early repayment of the outstanding capital. These penalties correspond to 6 months of interest or 3% of the outstanding capital. The gain obtained must therefore cover these costs.

Restructuring of consumer loans is possible in the context of over-indebtedness, but not only. Any borrower may want to lower his monthly payments if his income has decreased, to maintain a certain standard of living, or if he wants to find cash to finance a new project. The maximum period of the new credit in this case is 12 years. The rate is also higher than that of a home loan. It is therefore necessary to compare the various offers with a broker for example.

Among the various restructured loans, there may be a mortgage and one or more consumer loans.

Debt consolidation

Debt consolidation

Debt consolidation excludes real estate loans. It only concerns consumer credit and credit cards. Generally, it intervenes in the framework of an overindebtedness, to avoid a personal bankruptcy. Debt consolidation is hard to get: the credit rating of the borrower must be good. It is therefore in the borrower’s interest not to wait for an over-indebtedness procedure to be initiated, or not to be banned. Anything posted at the Banque de France will penalize him badly.

Federal Loan from Payday versus Direct Federal Loan




There are many types of loans to help students pay the costs of higher education. With their usually lower interest rates and more generous conditions, federal student loans are the first place families should look for funding not covered by scholarships and grants. See College Loans: Private Vs. Federal .


Federal Payday Loans Loans and Federal Direct Loans are two types of loans that are offered through the federal government.


Their similarities

Federal Direct and Payday Loans have certain characteristics in common. Both types of loans:


are offered by the US Department of Education to borrowers who have demonstrated sufficient financial needs (note that direct non-subsidized loans do not require a financial need; direct subsidized loans do this). Are managed through the financial aid posts of institutions participating in the federal student loan program.

Requires completing the FAFSA (free application for federal student assistance) and submitting a promissory note stating your intention to repay the loan.

Must be applied for and approved for each academic year – giving borrowers a separate loan for each year of training.

Must be used for qualified educational expenses such as tuition and fees, books, board and lodging and other necessary expenses related to higher education.

Cannot be used to pay for secondary education.

Are available for eligible graduate students (only Federal Payday Loans Loans and Direct Unsubsidized Loans).

are eligible for loan consolidation, as long as the borrower meets all the necessary criteria (read

Time to consolidate your student loans? ). are eligible for loan forgiveness, in some cases (see

Debt forgiveness: how do you get out of your student loan ). Have taxpayers deduct interest paid on their loans, regardless of whether they specify their deductions.


How they differ

How they differ


Who is eligible?

Payday Loans loans are only available to students with significant financial needs, as determined by their answers to the FAFSA and the guidelines of their school. Direct subsidized loans also require proven needs, but a larger number of incomes may be eligible. All three types of loans are open to qualified students; graduate students can only receive Payday Loans Loans or Direct Unsubsidized Loans.


Loan subsidies.


All federal Payday Loans loans are subsidized by the government, which means that the government pays the interest that is accrued while the student is at least in school. The government also pays interest during school for Direct Subsidized Loans, but not for unsubsidized diversity. Read Federal Direct Loans: subsidized vs. Non-subsidized for more information. Cost.


Payday Loans loans do not charge for borrowing or default. Federal Direct Loans usually charge a license fee of 1.67%, which is deducted from the payment of the loan. Interest rates


. For the 2015-2016 school year, the Federal Direct Loan rates were 4.29% for both subsidized and unsubsidized undergraduate loans, and 5.84% for graduate and professional students. The interest rates are now linked to the ten-year treasury, plus a fixed margin. Click here to view the current interest rates for Stafford loans. Payday Loans loans charge a fixed rate of 5% for all borrowers. Availabilty.


The pool of available funds for Payday Loans loan institutions is more limited than that available for Federal Direct Loans. Although loans from Payday Loans have federal limits for how much a student can borrow – both annually and cumulatively – institutions usually set a limit that is significantly below these levels to maintain their funding pool. Loan limits.


Federal Direct Loans have different limits for graduates compared to students, and subsidized versus non-subsidized loans. See Federal Direct Loan Limits . “Independent” students, those who file their own income tax return and claim themselves, are eligible for larger unsubsidized loans than those declared as dependent on someone else’s tax return. Payday Loans loans have one annual limit for students and a larger one for students. Payday Loans is not distinguished by undergraduate status or grad school type. The dollar limits for direct non-subsidized loans are divided as follows:


Graduate and professional students have higher lending limits. The cumulative loan limits for graduates and professional students include all undergraduate loans for student loans.


Direct non-subsidized loan – graduate and professional students


Direct subsidized loans are only available to undergraduate students and have lower credit limits than non-subsidized loans. The tax status makes no difference in what they can borrow:


The credit period for Payday Loans Loans is always 10 years. Although this is often the case for Stafford loans, in some cases students can extend their payments over a longer period, up to a maximum of 25 years.


The bottom line If you are an undergraduate whose family income makes you eligible for a Payday Loans loan, then you are probably also eligible for an Direct Subsidized Loan. Which should you choose?


For 2015-2016, the Payday Loans loan with a fixed-rate period of 5% is higher than the Federal Direct Loan interest for students (4.29%), but the Payday Loans loans have no initial costs. If you don’t need money from either of them, do the math to determine which one offers the better deal for you. As a freshman and sophomore, you can borrow more from Payday Loans; in the following years the credit limits are the same.


For grad students, if you meet the Payday Loans loan conditions, you get a better interest rate than with a Direct Unsubsidized Loan (5% compared to 5. 84%). With a Payday Loans you don’t have to pay interest until after graduation; with a Direct Unsubsidized Loan (since you are not eligible for a subsidized loan), you will. On the other hand, the Direct Unsubsidized Loan has higher credit limits.


If you do not meet the financial criteria for a Payday Loans, your only choice is a direct subsidized loan. Depending on your income, the non-subsidized loan may be your only option.


For more information about each type of loan – and other federal student analysis options – visit the website of the federal student analysis at www. student grants. gov or consult the financial auxiliaries of your university. Click here for a comparison table.




How Much Loan Does The Sweden Have?


We at have reviewed the latest statistics (March 2018) from Statistics Sweden to find out how the mortgage lending in Sweden is. We have, among other things, gone through Statistics Sweden’s Financial Market Statistics, which is produced by Statistics Sweden, the Unit for Balance of Payments and Financial Market Statistics, on behalf of Sveriges Riksbank.

Average interest rates in March 2018:
Mortgages: 1.56%
Private loans: 4.3%


Do you have a higher interest rate? Let’s get you free of charge at a lower interest rate. The application takes 2 minutes and you get an answer shortly thereafter !

Financial Market Statistics, March 2018

What is the cost of mortgages today? According to the publication above, the average lending rate was 1.56% (March 2018) for new loans taken for residential purposes (read housing law and villas).


Blank loans accounted for 6.2% (6.67%) of total lending in March 2018 (February 2015)

Blank loans accounted for 6.2% (6.67%) of total lending in March 2018 (February 2015)

In March 2018, households had borrowed SEK 238 billion in the form of blank loans. Blank credits are defined as: “Loans granted without any collateral or guarantee. Often, this type of loan has a high interest rate compared to loans where there is security, eg. housing. The statistics also include debit card receivables and credit card credits in blank credits as they generally lack security ”.

Unfortunately, we did not find new statistics on the number of credit cards when we updated this page, so we left the following information from the end of 2015: “At the end of last year, MFIs (monetary financial institutions, read banks and credit card companies) had released 19,688,000 (19,7 million) payment and credit cards to the Swedish people. The receivables on these cards were SEK 69.449 million (SEK 69.5 billion). This corresponds to SEK 3525 per card, which can be considered a rather small amount. This is due to the fact that most people repay their debts on the credit card and therefore the claims that are not repaid in their entirety are collected on a much fewer number of cards / individuals. In addition, many payment and credit cards are issued but not used. Note that the interest rate on credit cards is normally much higher than the interest rate on private loans (a kind of blanket loan) and therefore we recommend at that you pay off debts that you have on credit cards with pure private loans. ”

We at as usual hope that our articles are thorough, accurate and exhaustive and we therefore appreciate all feedback. Did you find some useful information? If so, share this article so that others can benefit from it as well.

Consolidated loans without KRD – Where to borrow?


Is it possible to get a consolidated loan without verification in the KRD? To answer this question at the beginning, let us determine what is the national debtors’ register. KRD, is a company that collects debtors’ data from across Poland. You can enter the register, for example, for an unpaid ticket, delays in paying utility bills, or failure to pay installments within the prescribed period. The KRD company is mainly associated with the fact that companies enter it for the lack of repayments on time.

However, few people know that also every private person can enter his debtor for a fee. A relevant court order is required for this. In addition, the national register of debtors offers in the form of a subscription, as well as BIK notification when a company sends a request to krd to verify the database in search of entries. This will allow us to avoid extorting consolidated loans or credits to our data. In addition, we also have the opportunity to check ourselves if any company has accidentally recorded information about liabilities on our account. The official website of the KRD .

Where to borrow without KRD?

We, as a company specializing in consolidated loans for indebted people, also borrow to people who have negative entries in the KRD. So if you have an accident, or are looking for a consolidated loan to pay off your debts, so that you can delete information about yourself in the debtors’ register, we may be able to help you. A quick consolidated loan via the Internet, maybe it will allow you to go straight, of course if the appropriate budget will be written out, and will plan your expenses in detail. A properly selected strategy can help you clean your account in the debtors’ registers and lead to repayment of all liabilities on time. Apply for a consolidated loan without KRD .

Will I be discharged from the KRD bases after paying off the obligation?

Just like the debtors’ register writes on your site – after all liabilities have been repaid to your creditors, your data will be 100% crossed out from KRD, and your chances for a consolidated loan will increase. This will make it much easier for you to apply for a consolidated loan in the future. You will also save time because many companies do not want to give consolidated loans to people entered in the debtors’ registers. They do this because they want to minimize losses, and to make consolidated loans unpaid. Thanks to lower costs, they can offer consolidated loans to other clients with a lower interest rate and a better margin.

When will the debtor be added to the bases?

In the case of BIK databases, a person who has not paid his dues to the lender is added after 60 days from the planned repayment date. In addition, the amount of unpaid consolidated loan must exceed more than PLN 200. In addition, a letter of payment order is sent to such a person in which it is marked that it is entered in the national debt register. However, when it comes to entries to the KRD and BIG, the situation is not so obvious. Pursuant to the amendment to the Act of November 17, 2017, the Debtor may be entered into the register of debts after 30 days from the planned repayment date. However, it should be notified in advance by post. And as you know, it depends on the company when he wants to inform such a person. Usually, however, such notification is sent together with information about entering the BIK database.

How to avoid getting into debt and problems with debtors’ registers?

The solution that I propose will not be easy. Because according to the saying “If you are doing things easy, your life will be difficult. If you are doing difficult things, your life will be easy. “Falling into debt is undoubtedly a difficult matter and is the result of making too many easy decisions. Most often, however, it is an effect that we postpone making a decision, and she undertakes it herself without our participation. An example would be to call the consolidated loan company and inform about the poor state of the household budget, and the likely delay in the repayment that will take place. No doubt it will be a difficult phone call, because nobody can admit it.

However, if we delay this decision, the lender will call and ask for his money. It will probably be after the repayment date, so you will additionally receive penalty interest, as well as the costs of so-called “reminders”. If we stop receiving calls from the consolidated loan company, then the case will be quickly referred to debt collection, and the dishonest debtor entered into the KRD, BIG or BIK registers.

Will the repayment of late consolidated loans lead to the deletion of information in the KRD and other databases?

Will the borrower be removed from the debtors’ database after payment of arrears? It depends on the base, but most often not. In the case of BIK, in order to restore the same capacity as before the indebtedness, the repayment of the obligation must take up to 3 years of timely repayment of liabilities. Of course, this does not mean that the entry will be deleted. Information on this incident will be further processed at BIK. The same applies to ERIF registers. However, when it comes to entries in the KRD databases, the case is a bit different. In the case of repayment of any obligations, the customer is deleted from the KRD base and again has a “clean account”.


Interest in consumer loan differs too much

If you have a consumer loan in the form of a revolving credit, then you are dealing with a variable interest rate. You pay this interest on the withdrawn amount of the revolving credit. So it is not known in advance how much your actual costs are. Lenders may temporarily increase the interest on this revolving credit to a reasonable maximum. Nowadays it appears that this does not happen. Some lenders sometimes increase interest rates by 6% for various consumer loans within the same company.

Case: switching from a loan provides a significant interest reduction.

The Dutch advance bank went wrong with this and has to pay back the overpaid interest to a consumer. In 2007, the consumer concluded a revolving credit with the bank, a part of the Crédit Agricole. Two years later, the consumer closed a credit within Crédit Agricole itself.

During this period, the consumer received an interest rate rise of 8.9% to 10.6%. Due to the BKR registration it was not possible to transfer the loan, but when it had expired it appeared that the consumer could transfer his revolving credit to a society within the Crédit Agricole for a loan with a 5.9% interest. This is a difference of 4.7%! According to complaints institute Kifid this should not be allowed.

Lower the interest on your current consumer loans

From the case above, it is clear that the transfer of your current consumer loans can result in considerable savings . Staying connected to large banks or larger credit companies does not work in your favor either. Consider transferring your current consumer credit to another company, even if you are currently connected to a major bank. It is wise to always look further than the known lenders in the Netherlands despite the fact that it feels safe. Smaller companies can offer lower interest rates, maturities or even both at the same conditions.

Our credit specialists will be happy to discuss with you the possibilities for the transfer of your current consumer loans to reduce interest and / or maturity. They are there for you every day and are happy to give you more information about this. Can they lower the interest and / or duration for you? Then they arrange this for you from A to Z.



Credit Loan Information – How Does It Work?

We often get questions about how credit reports work and therefore thought in this article to clarify everything that has to do with credit information. The idea is that this article should be comprehensive and therefore you are welcome to send us an email if there is something missing or unclear.

A credit report can be made

A credit report can be made

Taken at several companies that provide the information. However, there are a number of different companies that provide the basis for credit decisions; ie a credit report. On a credit report you find mainly financial information over time (over several years) but sometimes also personal information such as your marital status.

The information center provides a service where you once a year (at the time of writing) can see for free how your credit report looks at them. 


The purpose of a credit report 

The purpose of a credit report 

The creditor’s perspective (eg the bank with which you apply for a loan) is to provide a basis for the creditor to be able to make a decision on the correct grounds. The better the creditworthiness you have (ie the greater the likelihood that you will pay your debts) the lower the interest rate presented should be, as this means a lower credit risk for adjusting the interest rate. The opposite applies, of course, as well.

The less creditworthiness you have, the worse the loan terms you will receive, because the lender must take a greater risk when they lend money to you. It is through the interest rate that the lender compensates for the risk associated with lending money to you.

What you as a borrower should know is that if you do too many credit reports in the short term, it may be negative from a credit rating perspective – in the absence of a better word. What “too many” means is that no one other than the credit information company that knows and it is related to each company’s credit assessment system and the information in turn is interpreted depends on how the creditor’s credit assessment system looks – also something unknown to everyone except the creditor in question. Therefore, you should be careful about making several credit reports for the same purpose.


If you want to review your existing loans or take a new loan

If you want to review your existing loans or take a new loan

It is therefore advantageous to go through a loan broker as because we have a special agreement with . We only take one credit report and the banks we share your information with receive then copies (“coping copies”) of the same credit report.

You will always receive a letter from the Information Center on the credit information we have made and copies of the copy copies. This is done so that you as a borrower must know which banks have taken part of your application. There you often get many letters home when you have made an application with us because we compare your situation with many lenders to find the best option for you. However, as I said, we only do a credit report. Some banks may choose to make a credit report with another information company  and therefore you also get a copy from there – but it is then the first credit report that is made for our account in connection with your application.

The different companies have completely differentiated credit systems and therefore they do not affect each other’s score. Score is the summary figure that indicates your credit rating. If you have a payment note, it appears on the credit report and it often worsens your chances of getting a loan granted.