In a restart, we will make sure to delete any payment remarks and pay the claims you have against you. We will give you a new loan with a higher interest rate than a regular mortgage, but the interest rate is lower than what you pay on credit cards, consumer loans and other small loans.
Our aim is for you to be able to transfer your loan to an ordinary bank once you have got your finances under control. Therefore, you are not meant to have a higher interest rate on your mortgage forever. When you are ready to switch banks, we are ready to help you. You have no lock-in period on your loan with us, and you can rest assured that you don't have to pay anything extra to switch banks at any time.
If you have found yourself in a situation where you have accumulated collection debts, a restart loan may be an option for you. When we do a restart, or refinance with mortgage security as it is also called, we give you a fresh new loan and pay off all your creditors. We can then consolidate all your debts into one loan, often with better terms than you had before, so you only have one bill to deal with.
This can prevent your collection debts from getting you into arrears or, in a worst-case scenario, your creditors requiring you to sell your home.
It can seem hopeless when your financial problems have gone so far that you have a payment default. But help is available. A payment default makes it harder for you to apply for a loan, but with us, a payment default is not an obstacle. People who find themselves in financial difficulties can have many different reasons for why they have ended up where they are. That's why we look at your whole situation when assessing whether we can give you a restart loan.
Restart loans are also called refinancing. When we refinance, we pay off your creditors so that your payment record is erased. We then gather all your debts in one place, making it easier for you to keep track of them. Together with you, we draw up a financial plan so that you will eventually be able to transfer your loan to a regular bank.
After a restart with Kraft Bank, you should have a clean bill of health. You can then transfer your mortgage to a regular bank with a lower interest rate. Do you want help to get your finances under control?