Would you like to reschedule your loan? The Smava platform offers this service and is a possible contact point. In our post we explain how it works.
Debt restructuring is extremely advisable in some cases and can be an effective way to to avoid non-payment and the Chances for debt repayment to improve. Smava is a possible provider for this. GIGA shows you how it works. By the way, we checked how serious Smava really is in another article.
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Debt restructuring: briefly explained
When a business or individual is struggling to pay off their debt, a debt restructuring may occur. In this process, the terms of the debt are renegotiated, e.g. B. the interest rate or the repayment schedule. A debt restructuring may also involve the exchange of debt for equity, allowing creditors to obtain a partial or full interest in the company. In some cases, a debt restructuring may also involve the forgiveness of part of the amounts owed.
This is Smava
Smava is a German online portal that credit comparisons and on which you can take out loans. The company was founded in 2007 and is based in Berlin. First and foremost, Smava focuses on loans. These include car loans, personal loans and home loans. In addition to the services mentioned, Smava has also focused on debt restructuring.
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Credit rescheduling via Smava: Here’s how
Credit rescheduling via Smava can with just a few clicks on-line be done. Detailed information, examples and offers can be found directly on the website. Here is a brief overview of how debt restructuring could take place via Smava:
- In the first step, you should Check existing credit. Take a closer look at the interest costs, the framework conditions and the outstanding loan amount.
- Provide one Condition request to Smava – it’s all online.
- Next you will get several suitable offers for debt restructuring loans. Compare these and choose one. Smava is available to you at all times.
- Then you cancel your old loan – pay attention to the conditions – and the new loan will be in one contract closed.
If you have any questions or problems, do not hesitate to contact Smava’s comprehensive customer service.
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