did you order several loans simultaneously? Have you been rejected by some applications for other credits? It is difficult, but not impossible, for there to be people with several loans at the same time, since everything depends on the financial capacity to pay it off and pay off their debts.
This happens when in case of not being able to liquidate any of your loansit is negatively impacted on your credit history, therefore, although it is possible to have more than one loan together with another, this depends largely on the payment capacity that the user has, and before sending the request you should review the interest rate you have, since this may affect you and you end up paying more.
Can you have several loans with a single bank?
The million dollar question is whether it is possible to have multiple loans from a single bank? The answer is: yes, as long as the interest rate is lower than the first loan, because this affects your ability to pay, since if you stop paying one of your debts, your credit history would be affected. .
However, it is recommended that you do not request a new loan before paying another one, since this affects your economy, in which you will stop making other important payments and it can affect your lifestyle, even over time they become unpayable debts.
Before requesting a loan, think about the following to avoid future problems:
- Make comparisons and review your alternatives
- Before submitting a request, check that the information is complete
- Check your contract before signing it
- Review the credit simulators to see if it is the right one for you
- Don’t ask for more money than you need
- Choose a term that suits your needs
If you have already requested several credits, try to settle the one that charges you the most interest, since this will damage your credit history after some time if you do not pay it.
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