{"id":21640,"date":"2024-12-06T17:10:08","date_gmt":"2024-12-06T15:10:08","guid":{"rendered":"https:\/\/lica.ch\/?p=21640"},"modified":"2025-11-16T12:13:24","modified_gmt":"2025-11-16T10:13:24","slug":"why-consolidate-your-personal-loan-credit-cards-and-leasing","status":"publish","type":"post","link":"https:\/\/www.lica.ch\/en\/rachat-de-credit\/pourquoi-racheter-votre-credit-prive-vos-cartes-de-credit-et-votre-leasing\/","title":{"rendered":"Consolidate your personal loan, credit cards, and even your leasing"},"content":{"rendered":"

Would you like to take control of your financial future and make savings for the New Year? Why not buy back your private credit? It can seem a daunting task! But with the right information and help from Lica<\/a>, You'll soon find yourself financially relieved at the end of each month. In this new article, we'll cover everything you need to know about buying back your private credit and, above all, how to go about it. With the right strategy, you'll be able to improve your credit score, reduce your expenses and finally take control of your financial future<\/a>.<\/p>\n\n\n\n

What kind of financing can you buy?<\/h2>\n\n\n\n

Buying back your private credit<\/h3>\n\n\n\n

Depending on the financial institution, your personal situation and the way in which your application has been presented, the terms and conditions of your loan may vary. personal loan<\/a> can vary widely. When it comes to buying back your private credit, there's only one thing to consider: Get the best possible conditions!<\/strong><\/p>\n\n\n\n

In fact, depending on the rate, conditions and term of your private credit contract, your monthly payment could easily be halved.<\/p>\n\n\n\n

Buy back your credit cards<\/h3>\n\n\n\n

I don't need to remind you that the interest on your credit cards is exorbitant. In fact, it's around 12%. What's more, the temptations to take out a credit card are numerous. Whether it's to make a purchase on credit, or a tempting offer when you open a new bank account, you'll regularly be asked to sign up for a new credit card.<\/p>\n\n\n\n

The trap is a ferocious one, since you have immediate and easy access to extra cash for your purchases. However, when you add up your credit card charges and the repayments you have to make at the end of the month, the bill quickly becomes a hefty one.<\/p>\n\n\n\n

That's why, buy back all your credit cards<\/a> can help you restore balance to your budget. No more fees and just one small monthly payment to repay.<\/p>\n\n\n\n

Buying back your lease<\/h3>\n\n\n\n

Leasing is a financing solution that generally offers an attractive interest rate. So there's no real problem here. However, the pitfalls with leasing are more likely to lie in the following elements:<\/p>\n\n\n\n

Applicants' borrowing capacity is often miscalculated<\/h3>\n\n\n\n

You therefore run the risk of becoming a victim of\u2019too much debt<\/a>. As a result, you may no longer be able to meet your financial commitments.<\/p>\n\n\n\n

At the end of your lease, you must return the vehicle in good condition with the agreed mileage or pay the residual value.<\/h3>\n\n\n\n

And yes, leasing is more like renting than financing as such. A lease implies that a third party (the seller of the car) remains the owner of the vehicle. And this for the duration of the lease. When the time comes to return the vehicle at the end of your leasing contract, unpleasant surprises can quickly pile up. Exceeded mileage and\/or vehicle reconditioning will be billed at a premium! The second scenario, buying back the vehicle at the end of the contract, could get you out of this predicament! But you still need to budget for sufficient savings to pay the residual value.<\/p>\n\n\n\n

In a nutshell, leasing<\/a> is an excellent solution if you are certain of being able to buy the vehicle back at the end of your contract. Similarly, if you're guaranteed not to exceed the agreed mileage and to take good care of your vehicle, leasing may turn out to be a good alternative.<\/p>\n\n\n\n

If you have any doubts about your leasing and the points mentioned, it may be time to consider a buy-back. With buy back your leasing<\/a>, No more residual value problems, no more worries about mileage, and even less about the condition of your car. You're the owner of your car, and you can do what you like with it! What's more, depending on the term you choose, your new monthly payment can be very attractive.<\/p>\n\n\n\n

When you buy back your private credit, you improve your budget every month<\/h2>\n\n\n\n

To understand just how much you could save each month, we've drawn up a table comparing the situation before and after you buy back your existing financing. The result is astounding! With Lica services<\/a>, you could buy back your credit and save several thousand francs a year.<\/p>\n\n\n\n

Type of financing<\/strong><\/td>Duration (months)<\/strong><\/td>Amount<\/strong><\/td>Rates<\/strong><\/td>Monthly payment<\/strong><\/td><\/tr>
Personal loan<\/td>60<\/td>CHF 45\u2019000.00<\/td>9.95%<\/td>955.00<\/td><\/tr>
Credit card 1<\/td>12<\/td>CHF 3\u2019200.00<\/td>12%<\/td>284.30<\/td><\/tr>
Credit card 2<\/td>12<\/td>CHF 4\u2019500.00<\/td>12%<\/td>399.85<\/td><\/tr>
Leasing<\/td>48<\/td>CHF 35\u2019000.00<\/td>4.50%<\/td>595.95<\/td><\/tr>
Total<\/td><\/td>CHF 87\u2019700.00<\/td><\/td>2\u2019235.10<\/td><\/tr>
New financing<\/strong><\/td>84<\/strong><\/td>CHF 87\u2019700.00<\/strong><\/td>5.90%<\/strong><\/td>1\u2019276.95<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

With a finance buyback, you'll notice that your new monthly payment drops to CHF 1\u2019276.95 instead of the CHF 2\u2019235.10 you had to pay until now. This means that you could save CHF 958.15 every month<\/strong>. That's more than $10,000 every year!<\/p>\n\n\n\n

Buying back your private credit and existing financing offers you the chance to save several thousand francs every year.<\/p>\n\n\n\n

What you need to consider when buying a private loan<\/h2>\n\n\n\n

Although Lica will take care of all the arrangements for you, here are some things to consider when buying back your private credit.<\/p>\n\n\n\n