This article will give you the key elements to successfully negotiate consumer credit. It is essential to have a network of advisers in the flesh to negotiate your mortgage. For consumer credit, there is practically no more branch, everything happens directly with the headquarters of the organizations. Update on the procedure to follow.
Negotiating your consumer credit: knowing everything
We will talk in this article about personal loan negotiation, auto credit negotiation and work loan negotiation.
- Negotiating your credit: understanding the rate
- Prepare to negotiate your credit
- Have the best position to negotiate your credit
- Get the best credit deal
- Negotiate a personal loan
- Negotiate a car loan
- Negotiate a work loan
- Conclusion to negotiate your credit
Understanding the rate to better negotiate your credit
To properly negotiate your cheap credit, you must first agree on the definition of its price. It is not very complicated and the law has simplified things well by defining the APR, the annual effective annual rate, as an imperative of communication to all credit organizations. This rate includes all fees that you may be charged for credit. That is to say that you will logically find the interests but also all the ancillary costs, such as application fees.
On the other hand, the law obliges the credit organizations to communicate on this rate in all the advertisements which give quantified examples. It is therefore very easy to be able to compare. We naturally chose to systematically raise this rate to be able to compare all the best offers. Also to facilitate the negotiation process.
We have developed a single questionnaire allowing on the one hand to obtain the classification of the best rates adapted to the demand but in addition, our system allows to obtain an evaluation of the least expensive organization while being able to question 2 others. You will know how to position yourself in relation to the best rate and make the most of the competition.
Prepare to negotiate your credit
To have a base of negotiation and that you are stronger, it is necessary that you manage to negotiate your credit starting from a good concrete offer. If you just talk to your advisor about a change of bank or if you ask a credit institution to lower its rate without any basis for comparison, it’s a waste of time.
You have to build a fallback solution. That is to say, a real possibility of not concluding the deal with your interlocutor if the negotiation on the credit turned short. In this case, it is he who will have an interest in negotiating his credit with you and not the reverse, you then take the upper hand. The purpose of negotiation is to find an agreement, but not at your expense. The objective is to minimize the cost of credit.
Have the best position to negotiate your credit
As we have just seen, to reach a favorable position in order to negotiate your credit, you must already have an offer in your hands. And this is where we can help you the most. To find the best credit, simply access our comparator and define the project you need. We will give you the ranking of the best consumer loan rates. So you will know exactly what is the best online credit offer.
But don’t stop there. It is then up to you to prove to your contact that you have the best offer in their hands so that they are ready to review their conditions. To do this, you must enter the credit questionnaire to obtain an answer in principle online and receive a prior credit offer. This step is not engaging. It allows you to obtain a response on the acceptance of your request and to know what supporting documents you will have to provide.
Getting a prior offer of credit with the best offer is the major asset for negotiating well. And that’s exactly what we offer you most effectively.
Get the best credit deal
Negotiate a personal loan
Personal credit is a loan that allows you to finance all your projects without having to justify the use of funds. However, this is not a credit without proof: you will have to provide all the elements for the study of your file. It is widely offered by most banks and financial organizations. To make a loan and negotiate it with your bank, you need to go to an agency with the prior offer of credit at the best rate you will have received thanks to us and put it under the banker’s nose. Either it can do better and suddenly you will have negotiated the best credit or it can not and this means that your offer is already the best.
To negotiate with the credit organization, this will happen over the phone in the vast majority of cases. You can send a photo or a scan of the best offer you have had thanks to us. Either he agrees to negotiate the credit he offers, or you already have the best offer in your hands.
Negotiate a car loan
To negotiate an auto loan rate, the principle is pretty much the same. Identify the best car loan offer on our comparator (found on this page at the top right), fill out the credit questionnaire to receive the best offer and get ready to negotiate your car loan.
When you go to a car dealership, take this offer with you and negotiate your car loan by asking the seller to give you a cheaper rate. If it can do better, it is because it offers you the best credit otherwise it is because you already have it in your hands.
Negotiate a work loan
To negotiate a works credit, we remain on the same principle. You have to start by finding the best credit on our site and then fill out a questionnaire to get the best credit offer. Then make an appointment with the construction company to negotiate your cheap work loan with him. Either it can do better or you already have the best deal in your hands.
Conclusion to negotiate your credit
Do not go to negotiation without already having an already very competitive credit offer in your hands. To do this, use our comparator and fill out a questionnaire to obtain a prior offer of credit at the best APR rate which will be your basis for negotiation. We hope this article will help you negotiate your credit at the best rate.