Collect loans and credits into a single loan. This blog post is generally about the topic of “collect loans” and informs you how to collect your loans with Collectlite Lending .
When should you collect your loans?
The need to collect loans and credits for a single loan arises when the cost of having the loans separate exceppeds the cost of collecting them. For example, having several different fast loans that charge monthly fees and other costs can be unnecessarily expensive. In such a situation, it may be a good idea to collect your loans.
Collecting loans simply means that you take out a new loan that will redeem all your other loans.
Example: June has four quick loans that he pays off each month. Two of the loans are each paid $ 1,000 per month for a further three months. The other two quick loans are each paid $ 400 a month for a further three and five months respectively. In addition to the installment (which includes the interest rate) there are additional fees of $ 50 for all four loans. In total, June will pay $ 9200 in installments, and an additional $ 700 in newspaper fees.
June then chooses to collect its loans with Collectlite Lending and thus can save on the fees and interest rates which are more favorable on the new loan.
Collecting loans also gives June a better overview of his finances. Make as June – collect your loans at Collectlite Lending !
Collect loans and credits at Collectlite Lending
Collecting loans with Collectlite Lending is best suited if you have several small loans and quick loans as in the example with June above. Collectlite Lending ‘upper credit limit is $ 15,000. Collecting loans with us is therefore good for you who once and for all want to redeem your micro loans which tick unnecessary fees every month.
For new customers, the upper credit limit is lower, max. $ 5000. The restriction on new customers is there because we want to be sure that our borrowers are able to repay the loan before they are granted a higher credit.
Collectlite Lending is a short-term credit which means that you pay off the entire loan within 30 days. Collect your loans with Collectlite Lending today and release the unnecessary fees with each individual loan!
Here’s how to collect your loans and credits at Collectlite Lending
To collect your loans with Collectlite Lending you must be at least 18 years old, have a Swedish social security number, mobile phone number, email address and account number. Do you meet the requirements? Great, that means you can apply to collect your loans with Collectlite Lending!
For you as a new customer, the application to collect loans starts by registering on our website. You will also need to confirm your identity either through Instantor and with BankID, or through a manual process. When applying for a loan, you will also need to authorize us to perform a mandatory credit report on you.
The money then? Don’t worry, they will come right away! If your application is granted, the money is paid to your account immediately, regardless of the day and time of the application!
In other words, collecting loans with Collectlite Lending is a simple and fast process! And if you are a customer before, the application goes even faster and you also have to borrow a higher amount.
Only borrow when you can afford it
Collecting loans means that you already have several loans that are collected into one loan. In practice, this means that you do not take out a new loan to consume, but you change the administration and agreement for your existing loans. Since it can result in lower interest rates and fewer fees, you can save money on collecting your loans.
Note that collecting loans is something other than taking new loans to settle the repayment on your existing loans. If you find yourself in a situation where you cannot afford to repay the loan you have taken, you should not take additional new loans that you cannot afford either.
To collect loans and to repay
Once your loan collection application has been granted, you take care of the repayment through your profile page. It is a very simple process. On the profile page you also get a good overview of paid and upcoming invoices. Smooth huh ?!
Collectlite Lending – a reliable creditor with high credibility
Collecting loans with Collectlite Lending is safe because:
You get a good overview of your loan
You are given clear information about your loans and credits on your profile page. In other words, no boring surprises. You can also make new credit applications via the profile page – even easier than when you first registered!
We have extensive knowledge and experience of the industry
Our parent company is the financial group 4D-Finance Group, which is one of Europe’s leading companies in the field of short consumer loans such as private loans. The company has more than 10,000,000 issued credits and operations in more than 15 countries. We are a long-term and serious player with a great deal of experience. We hope you can feel safe when you borrow money from us!