Now that we have talked about financial credit establishments, let's get to know Consolidationnow loans.
This being a French brand finance company which has been operating in our country for years.
It is by the way one of the most recognized money companies in our country by offering a good number of personal loans .
Because that is the first thing we have to point out, the fact that this financial company offers loans without collateral.
It does not offer mortgages or credits on other guarantees, it is specialized in offering consumer loans .
Next we are going to show the information you need to know about this entity.
Consolidationnow as a French financier offering personal loans
The fact that it is a foreign financier is something indifferent to our way of seeing it since many of those that operate in the United States are.
With one difference, Consolidationnow is French (a neighboring company) having been established in our country for years.
And although many of you know the Consolidationnow brand because of the cycling team they sponsor, we must not forget that they are dedicated to offering credits.
They have been doing it for decades with good results as well.
Characteristics of Consolidationnow consumer loans
It is the question that those who have in mind to request one of these credits usually have.
That is why in this section we are going to explain what characteristics and financial conditions Consolidationnow loans usually have.
- The first thing to note is that these are loans without collateral, which is their main advantage.
- You can get amounts ranging from 3,000 US dollars being the minimum to the maximum of 15,000 US dollars.
The amounts that we see here are much higher than those seen in online financial companies for example.
- You can process the loan by phone, unlike Fintech companies where the processing is online.
- The APR of their loans is usually between 6% and 15% even though television advertisements say that they are cheaper than banks.
- The processing of your credits usually takes about 48 hours on average although many times they take longer to do the analysis.
- As for the documentation that they usually ask for, it is usual for them to ask for ID, last payroll as well as bank movements.
- They do not usually accept those clients who are in delinquent records such as Credit Checker.
- Regarding the seniority of the company, they usually require that customers be at least 12 months old.
Different credits without guarantee Consolidationnow in your financial offer
When it comes to talking about their loans, we can say that they offer different financial options.
1. Car credit consolidationnow
It is the loan that the financier allocates to the purchase of vehicles.
Many times this loan is managed by vehicle dealers through their collaboration agreements.
This credit is processed by clients for the purchase of vehicles.
The APR is usually between 6% and 11% APR.
2. Consolidationnow credit studies
As its name indicates, it is the funding used to finance the applicant's studies.
The APR is between 5% and 9%.
3. Consolidationnow credit reform
This loan from the French financier is used when clients need to finance their home renovation.
As for the APR, we can say it is similar to sight in vehicle financing.
By the way, in all these credits the amounts never exceed 15,000 US dollars, this being the maximum of the financial one.
4. Direct credit consolidationnow
It is one of the personal loans that most promotes the financial being used for urgent liquidity
With this financing, clients can only opt for a maximum of 6000 US dollars.
And unlike the others which have a specific use here, customers can use the money for whatever they want.
Unlike the previous ones, here the APR is much higher and can reach 24%.
Now, keep one thing in mind, the other credits the money is destined to 100% for which it was created.
You cannot process the Consolidationnow study credit and then use the money for something else.
The same with the rest of the financial products seen by the entity.
5. Consolidationnow project credit
In this financing, clients can get the money they need to finance their business projects .
The APR here is higher and can range from 5% to 16%.
Consolidationnow opinions of your personal credits
After what we have seen, we have a reasoned opinion about these financial credit institutions.
For us it is a good alternative for when the amounts of online credits do not serve us.
For example, if you need a personal loan in which this EFC offers you solutions through private capital.
Now, taking into account that the requirements are similar to those of the bank, not everyone will be able to access their credits.
In fact, we can only recommend Consolidationnow loans over those signed by banks if we need quick cash.
In the rest of the situations we will always see in a better way those signed by internet.
Even so, our Consolidationnow opinions are good as they provide variety in the sector.
In addition, the amounts that we can get here we do not see in the Fintech companies, being also to value.