Need more money? So check out which are the best banks to consolidate credit and, in doing so, reduce your debts and see that you have leftover amounts.

This is a different type of credit and quite special. It can be the solution to your debts and to putting your financial life in order once and for all. So, keep reading and don't miss anything about consolidated credit!

This is a special type of credit that targets very specific situations. Unlike other types of credit, in which the contractor receives money in hand – whether for a specific transaction or to use as he wishes – in consolidated there is no grant of money.

That is, when taking out this type of credit you do not receive any value. What happens is that the released amount is used to cover other debts.

But how so? Explained: consolidated credit is aimed at those who have at least 2 outstanding debts with banks. This means that the contractor must already have other loans taken out and installments in progress.

So, consolidation reveals itself in the possibility of combining the two debts into one. Instead of paying 2 invoices and loan installments, the citizen now pays just one. And although this brings convenience, it is not the biggest advantage of this type of credit.

What makes consolidated credit so interesting is that it combines two installments into one – creating a new and single creditor – and the value of the new installment is lower than the sum of the previous two (or more).

As a result, you will have a lower debt than the original. In addition, you can also save as your budget is less stressed and you have leftover amounts!

Now that you know what the advantages of consolidated credit are and how it works, keep reading and see what the best options are for taking it out! This way, you know who to turn to when you need financial help.

The first option among the best banks to consolidate credit is Kreditiweb. It is interesting because it promises great savings in consolidation. After all, by combining two or more debts into one you can have a payment of just 40%.

Therefore, here it is possible to save up to 60% on the value of the installments. Not to mention the other advantages, which you can check out below:

However, it is necessary to emphasize that this consolidated loan is somewhat restricted. Firstly, it is only available to those who reside in Portugal. Furthermore, it is not possible to hire you if you are on the Banco de Portugal blacklist.

Still, even though Kreditiweb presents great options, it does not grant credit itself, but only acts as an intermediary between the person granting it and the customer.

The second option among the best banks to consolidate credit is Mr Finan. This financial institution has a series of services and products in the area of finance, including credit.                                                                                                  

It allows the customer to consolidate two or more debts into one. Furthermore, it offers the same possibility of savings as the previous loan. That is, up to 60%m, so it is possible that the new installments are only 40% of the original value of the combined debts.

See, then, what advantages this consolidated credit option offers:

Again, however, you must be resident in Portugal to have access to this consolidated credit option.

Anyone looking for the best banks to consolidate credit can make use of a proposal from Deudai. It brings a series of advantages and, despite not disclosing the percentage that can be saved, it brings several benefits.

And, as it is a consolidated credit, it already indicates that you have the ability to obtain an installment worth less than the sum of the original installments.

Check out the main benefits of consolidating credit with Deudai:

Finally, the last consolidated credit option we brought you is what Financial Liberty offers. Like the other best banks for consolidating credit, it also offers a series of advantages and facilities to the consumer.

Check out the main benefits that this consolidated credit offers:

Therefore, these are the best options for consolidating credit in Portugal. 

Additionally, you can take advantage of other possibilities to have extra money, such as personal loans or even credit cards with a good limit. Click on the link below and find out more!