What is debt consolidation?
A debt consolidation is a tool that you can use to repay the debts you have, within a certain time frame. You can apply for this opportunity with the Enforcement Officer – omöjligt att få lån. When the settlement of your debts is completed, all the money you were owed from the beginning is repaid. In this way, you can “start over” and get a new chance to create a sustainable economy, but above all feel better mentally, as many people experience a feeling of relief when they have finally managed to become debt free again.
Two types of debt consolidation
When applying for debt consolidation, it is important to know that there are two different ways to apply. Either you apply for ordinary debt restructuring or it is possible to apply for debt restructuring for entrepreneurs who have debts. To be able to apply for the latter, you do not necessarily have to be an entrepreneur at the moment. You may have been there before, but you can also apply for this type of debt restructuring if you are related to someone who is a business owner.
What are the benefits of debt consolidation?
Doing a debt restructuring means that you will be debt free from the debts that were part of your restructuring and is a solution for when it looks really hopeless at the moment (svårt att få lån). You also get a confirmation that you are doing the right thing for you, which gives a psychological relief, while you do not have to worry about everyone you previously owed money to, as you are finally on the way to solving it together with the Enforcement Officer.
A big advantage for you who have it really tough and already live on a subsistence minimum is that you can get a decision without a payment plan, which means that you do not have to pay anything at all on your debts, but the Enforcement Officer makes sure to solve the situation by using your own resources.
What are the disadvantages of debt consolidation?
Even if you make sure to live on a subsistence level, you must always pay something if you apply for debt restructuring for business owners. One of the requirements for entrepreneurs who carry through debt restructuring with the Enforcement Officer is that they must be able to pay at least one seventh of their price base amount per quarter of their debt restructuring. One of the few disadvantages of debt consolidation is that you get a payment remark when you start debt consolidation. This means that you may not be able to take out loans and credits, rent an apartment or the like until the debt restructuring has ceased and your debts have been repaid.