More and more people are using consolidation to consolidate loans. Why should you? We bring concrete examples of how much others have saved. Join them! 

Loan Consolidation allows you to consolidate your bank loans, installment loans, credit cards, or overdrafts. What consolidates the most?
Survey says:

  • various types of loans (88%)
  • credit card loans (10%)
  • Overdraft (2%).

How to consolidate payday loans with us?

If you head to https://paydayloanconsolidation.net/ for payday loan consolidation, you will make life easier for yourself and your wallet. It brings with it advantages that would be a pity not to use. Make your life more enjoyable!

  • You save. You pay bank fees once. You often get a better interest rate.
  • Loan consolidation makes repayment more transparent. You only watch one term instead of a few.
  • A regular monthly installment may be lower than you paid for each installment.
  • You can consolidate all kinds of loans, including overdrafts or credit cards.

How much do you save?

Are you still not convinced that consolidation will pay off to you? We have prepared for you two real-life examples for which consolidation is a good choice. What do you think?

1. Real situation

Mr. Fox (27 years old, net income of 17,225 CZK) with his wife (26 years, 13,085 CZK) inherited the apartment and bought the following loans for its reconstruction and equipment:

This is how Mr and Mrs Fox repaid their loans:

Credit type Bank loan Installment goods Credit card Total
Loan Amount 110 000 CZK CZK 43,000 CZK 30,000 183 000 CZK
Number of installments 72 24 12
Monthly installment 2 232 CZK 2 221 CZK 2 894 CZK 7 347 CZK
Monthly fee CZK 30 69 CZK 59 Kč 128 CZK
Interest rate 13,2% 18,16% 23,88%
Current credit balance 75 800 CZK 36 200 CZK 22 800 CZK 134 800 CZK

As the baby is waiting, the family budget will soon be reduced. So they decided to consolidate their loans and save CZK 5,107 on a monthly payment and another CZK 128 on fees.

This is how the consolidation of loans helped Mr and Mrs Fox:

Loan Amount Number of installments Monthly installment Monthly fee They save a total of a month
134 800 CZK 84 months 2 243 CZK 0, – CZK 5 107 CZK + 128 CZK utilities

Interest rate: 4.90%, source: Ralph. This communication is for informational purposes only.

2. Real situation

Mr. Clay (43 years old, net income of 29,550 CZK) took a loan for a used car, a new TV and a fence repair at his house in the past. Now he is gradually repaying these loans:

Mr. Clay paid so much before consolidation:

Credit type Bank loan A loan from installment company Credit card Total
Loan Amount CZK 80,000 CZK 20,000 CZK 30,000 CZK 130,000
Monthly installments 72 11 12
Monthly installment 1 682 CZK 2 062 CZK 2 837 CZK 6 581 CZK
Monthly fee 50 CZK 35 CZK 50 CZK 135 Kč
Interest rate 9,90% 19,22% 23,99%
Current credit balance 58 700 CZK 14 200 CZK CZK 22,100 CZK 95,000

Because the monthly installments seemed too high, he began to wonder if they could lower them. He found that consolidating loans was a good solution. It will pay monthly by CZK 4,993 less. In addition, it will save an additional CZK 135 on fees.

Mr. Clay pays so much after consolidation:

Loan Amount Number of installments Monthly installment Monthly fee They save a total of a month
CZK 95,000 84 1 588 CZK 0, – CZK 4 993 CZK + 135 CZK utilities

Interest rate: 4.90%, source: Ralph. This communication is for informational purposes only.

Loan consolidation saves you time and money. Try it for example, with consolidation from Ralph.

A representative example of optimizing loans with Ralph

  • How much do you want to borrow: 250,000 CZK
  • Total loan amount: 293 752 CZK
  • Of which insurance: 42 252 CZK
  • Of which fee for negotiation: 1 500 CZK
  • Loan Duration: 84 months
  • Interest rate (pa) : 4.90%
  • APR: 10.32%
  • Monthly installment: 4 139 CZK
  • Total Amount Due: CZK 348,267

The interest rate is valid in case of repayment insurance and actively used account in Ralph (or signed account mobility).

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