Consolidating your loans is not a magic wand. It is a precise tool suited to precise situations. Let's sort them out.
Cases where consolidation is relevant
- You have three or more loans. Each loan has its own debit date, contact, rate. Complexity becomes an error risk.
- Your effort rate exceeds 40%. Consolidation over a longer term can bring the instalment to a sustainable level.
- One or more loans have a rate above 6%. Consolidation at 3% generates real interest savings.
Cases where consolidation is not advised
- Less than 18 months remain on current loans. Restructuring fees exceed the gain.
- You have only one or two low-rate loans. Continuing normally is more economical.
- Your financial situation is unstable: consolidation doesn't fix the substance, it shifts the problem.
Consolidation never reduces the total amount owed. It redistributes the load over time and simplifies management. Over total duration, you generally pay more interest.
What consolidation concretely changes
One monthly transfer, one contact, one date to remember. For a household juggling three or four due dates, that significantly reduces mental load and incident risk.
Our position
We do not push consolidation as a product to sell. We propose it when the three criteria above are met. Otherwise, we recommend continuing existing loans or early-repaying the highest-rate one.