When you experience financial distress, these companies, also known as the management companies of debt (or redemption of debt), work with your creditors (banks, owners, taxes, urssaf .) to restructure your debt without (for tenant) or collateralized mortgage. For a plan to reduce debt, you make a monthly payment to them alone, and they pay your creditors. Organizations that offer consolidation loans do not lend money. Instead, they are in intensive negotiations with your current creditors to get you reduce your monthly payments. Plans for restructuring loans offer many advantages such as:

* Monthly payments lowered
* Interest rates reduced or eliminated
* Fees and late penalties eliminated
* Bank accounts are refloated with a possible cash

Rating: Within fixed income, ie, bills, notes, bonds or debentures, the ratings are used to measure the creditworthiness of the investor. This solvency concerns that the issuer will pay us the promised interest and in the end we return the borrowed money. To perform the classification using a series of letters: AAA mean maximum solvency and C warns of a high risk of default. Ente these limits there is a series of letters that indicate different degrees of creditworthiness. Investors around the world rely on this rating when deciding to buy this or that issue. It is most often purchased or sold only according to the classification.

Credit Score: Action of analyzing a company’s financial situation in order to establish their ability to cover debts and obligations in the short term or long term. These credit ratings are generally made by specialized firms, domestic or foreign.

Advantages of debt consolidation

• Generally a lower interest rate.
• All your creditors will be paid in full and promptly. Therefore you can maintain a good credit rating.
• Your financial management is simplified (only one creditor to pay).
• Easier to establish and meet your budget.
• Reduce your debt ratio.