Do you own a home that you can use as collateral? Then you can often replace your existing expensive loan with a new loan secured on your home.
The interest rate is likely to be much lower than what you're paying today, and you'll only have one loan to keep track of.
When your loans are merged into one, it is called refinancing.
If you don't own a home or real estate yourself, perhaps you have someone who can help you put up their property as collateral for a period of time?
At Kraft Bank, we will only make you an offer if we can create a solution for you that is better than what you had before. Get control of your finances, get in touch.
This article is part of the category Economic first aid , a collection of articles that deal with topics related to a strained economic situation, such as reminders and collection, payment notices, garnishments and forced sales. Read more about Financial first aid