Debt consolidation: effectively reduce your monthly payments

A debt consolidation loan combines your other loans into one

Debt consolidation, also known as debt consolidation, is the ideal solution for combining several loans into one and reducing your monthly payments, while simplifying the management of your budget.

A simple solution for consolidating all your loans

Debt consolidation involves merging several loans into a single loan, with:

• a single monthly payment,
• a fixed interest rate,
• a repayment term tailored to your financial situation.

This solution is designed for borrowers who want to restore lasting financial balance.

What are the advantages of debt consolidation?

Debt consolidation offers many benefits:

• Immediate reduction in monthly payments
• A single monthly payment
• Renegotiated interest rate based on market conditions
• Prevention of excessive debt
• A single point of contact
• Simplified financial management

It is a long-term solution to regain control of your finances and consider new projects.

Who can benefit from debt consolidation?

Debt consolidation is available to a wide range of profiles:

• Employees (permanent contracts, fixed-term
• contracts under certain conditions)
• Civil servants
• Retired people
• Self-employed people, craftsmen, traders
• Liberal professions
• Tenants, owners or lodgers

Each case is examined on an individual basis, taking into account your personal and professional situation.

How is your debt consolidation application assessed?

To assess your eligibility, the financial institution analyses:

• Your income (salaries, pensions, benefits)
• Your fixed expenses (rent, energy, alimony)
• The outstanding balance on your loans
• Your debt ratio
• Your disposable income

These factors are used to determine your repayment capacity and offer you a suitable solution.

How does debt consolidation work?

Debt consolidation is arranged by a new financial institution, which:

1. Pays off your old loans to creditors
2. Consolidates everything into a single contract
3. Sets a new monthly payment tailored to your budget

The term can be adjusted up or down depending on your goals.

Borrower insurance: additional security

Optional insurance can accompany your debt consolidation to protect you in the event of:

• Job loss
• Inability to work
• Death

It guarantees partial or total coverage of the outstanding capital and secures your financial future.

Why choose GCT FINANCES debt consolidation?

• Fixed annual interest rate starting at 2.69%
• Personalised assessment regardless of your level of debt
• Tailored support
• Quick and easy procedure
• Solutions adapted to all profiles

Key points

Debt consolidation allows you to:

• Consolidate all your loans into one
• Reduce your monthly payments
• Simplify your budget
• Regain lasting financial peace of mind

If you want to reduce your monthly expenses and have only one loan to manage, GCT FINANCES’ fixed-rate debt consolidation loan at 2.69% is the ideal solution.