Inkasso Refinansiering: Can You Do It & How?
If you haven’t been very responsible with your credit cards, or with certain loans, then you might have accumulated large debts that you now need to repay. Of course, this often doesn’t have much to do with people’s responsibility or lack thereof, because we all sometimes need to get certain loans, and we all tend to get in debt due to some unpredictable circumstances that we might not have seen coming and that have dealt a huge blow to our budget. Beating yourself up about this won’t get you anywhere. Instead, you should think about how you can make the situation better.
And, how can you actually make the situation better? Well, there’s an option that you can take into account when you want to consolidate your debts, even if you have received a debt collection notice, and it is called inkasso refinansiering. Refinancing is, naturally, not a new concept, and I suppose you’re familiar with how it works already. You might have, however, been losing hope, thinking that using this option after getting in such debt, or after receiving the debt collection notice is impossible. Fortunately, that’s not true.
Debt consolidation is actually one of the biggest reasons for refinancing, although it’s definitely not the only one, so you’re not the first person thinking about this or doing it. There are a few options to consider here. You can refinance debt collection through a consumer loan, either a secured or an unsecured one, or you can use your home’s equity to get a cash-out loan and refi that way if that sounds more appealing. Whatever you choose, you’ll have to meet certain requirements so as to be able to even apply for this option, and we’ll get to the bottom of those right now.
If you’re in a different situation and you’re simply trying to decide if mortgage refinancing is right for you, get some help at: https://www.businessinsider.com/personal-finance/when-to-refinance
Can You Apply For Inkasso Refinansiering?
Applying for inkasso refinansiering is easy once you know if you’re eligible and once you know which steps to take during the process. So, unsurprisingly, those are the two things that we’ll talk about today. As mentioned, you’ll have to meet certain requirements if you want to be eligible for this refinancing opportunity, and I’ll know tell you more about those, and consequently bring you one huge step closer towards figuring out if you can really do this or not. You’ll quickly see that the requirements are fair and reasonable, and that meeting them isn’t that difficult at all.
There is, naturally, the age requirement that you’ll have to meet first, and while it could differ from one country to another, it has to do with you becoming legally responsible and capable of signing agreements. So, in Norway, the minimum age requirement is 18, although you should keep in mind that most lenders refuse to work with people younger than 20 or 21. Thus, while you become legally responsible with 18, you could still have a hard time getting any kind of a loan at that age, and this is something you should check with the specific lenders you’re thinking of working with.
You also have to be the citizen of the country you’re applying in. In this case, you need to be a Norwegian citizen so as to be eligible for inkasso refinansiering, but there is a way around this rule. Of course, when I say that there’s a way around this rule, I’m not suggesting that you can trick anyone into anything. It’s probably better to say that there is a different requirement you can meet if you’re not meeting this one, and it consists of you being a Norwegian resident for at least three years prior to applying for this particular option. If you fail to meet both of these requirements, you won’t be eligible for the loan.
Apart from those two, there’s also the income requirement that will play a role in your eligibility. You have to be making at least NOK 120,000 per year if you even want to be considered for getting any kind of a loan. Sure, the specific income requirements will, once again, be different from one lender to another, but this is an approximation that you should have in mind, and it is usually the minimum requirement that every lender sets.
Last but not least, you won’t be eligible for refinansiering av inkasso if you aren’t planning on using the money to, well, refinance your debts. This is a clear and straightforward requirement, as well as a quite logical one, and I’m sure that it’s not surprising you in any way. After all, if you needed a different loan type, you’d be searching for a different one, and you wouldn’t be stuck on this refinancing solution. Since you want to refinance your debts, you’re looking into the inkasso refinansiering option, so as to check if you’re eligible for it. Apart from meeting these general requirements I’ve stated above, you should keep in mind that lenders might have some specific ones of their own, and checking those before applying is also important.
How To Refinance This Way?
If you’re done checking your eligibility, and if you’re completely certain you can and want to use this solution, you’ll now want to know how to actually do it correctly. While the process won’t be difficult, you’ll undoubtedly need to be careful about it, because winding up with poor terms and a poor quality loan overall is not what you’re hoping for. The path towards getting a great quality refi solution, as you might have guessed it, consists of finding the perfect lenders, so that’s the main thing to focus on here.
When trying to find the right inkasso refinansiering lenders, talk to people who have done this in the past, but remember to do your search online as well. While doing the research, the main things to focus on are the lenders’ reputation, their interest rates and the overall quality of the refinancing option they’re offering. After you find the one you believe you could work well with, feel free to apply for this option and wait for them to approve you and provide you with the money you need. Naturally, you’ll have to use that money to consolidate the debt, as we’ve already explained above that this is not only what you want, but also a requirement set forward by the lenders. Anyway, this is how it’s all done, and, as you see, it’s not complicated at all.