You should first contact a credit counsellor of your choice, who will review your case and present you with some of the best offers on the market. It is very important to choose the right advisor, because it is the quality of their work that largely determines whether you will get a debtor loan at all and under what conditions. Once you have reached an agreement and chosen the best solution for you, the formalities are over.
After this stage, the bank whose offer you have taken advantage of will settle your debts with other institutions. Instead of several loans, you get one convenient payment that you won’t forget about. Moreover, if your creditworthiness allows, you can take out an additional loan amount. In many cases, taking out a new loan will not put an additional burden on your family budget.