Those who act as credit consultants (also called credit intermediaries) can be very helpful. Their job is to provide professional advice to people or companies in need of consumer or mortgage loans. Most of them offer free services to end-users. See http://durandfirst-umc.org for further editorial
Credit intermediaries do not act as creditors or notaries but bind directly or indirectly a consumer with a creditor. Credit consultants present or offer credit agreements to consumers, cooperate by undertaking preparatory actions to conclude loan agreements or pre-contractual arrangements, may enter into contracts on behalf of a creditor. They do this for a fee. We will introduce you to some registered credit consultants.
1. Sandu Ltd
2. CREDIT NAVIGATOR LTD
3. FinSite Ltd.
4. ARENA-CONSULT LTD
Organize seminars, excursions, camps, holidays.
5. CREDITLAND EOOD
6. ADEX BULGARIA LTD
7. COMFORT CREDIT LTD
8. CREDIT CHOICE LTD
A credit consultant is a natural or legal person who carries out a service, it provides information that aims to find the best credit for us borrowers. In our economic reality, there are a variety of credit products with specific features and conditions.
In order to properly orientate in this diversity, to choose the optimal, most advantageous credit under the most favorable parameters, a very important and important role played by the credit consultant. In order to decide on which credit we will stop, we need unbiased advice given by professionals with knowledge, qualifications and experience.
Financial terms, competitive offers made by banking and financial institutions need to become accessible and understandable to us, and this is only possible if we become a good credit consultant. Many people need credit nowadays, we are all specialists in our field, we have no knowledge of credit, grant requirements and the consequences of non-repayment, all of this may become clear to us if a credit consultant introduces us in this area .
All of these national reasons have forced the establishment and creation of a credit consultant profession to be up to us from application to repayment of the loan. The credit counselor must be economically prepared to know the laws in our country to offer a high-quality service backed by excellent knowledge.
He has to make an in-depth analysis of the various types of loans offered in Bulgaria and, depending on the loan we are looking for, to compare interest rates, repayment terms, fees, the cost of the whole loan, the time for approval, the way of granting, collateral, bets, preferences, and more.
The credit consultant should be able to make the relevant conclusions to refer us to the most convenient credit for us, to handle the documentation, to know how to fill in the requested documents, who issues them, and in what time. He must be aware of the credit granting procedure itself. It is especially important to prepare us for repayment, to have legal knowledge to know in advance what happens if we are late in paying the contributions if we do not observe the maturity date and if we fall into arrears.
The credit consultant needs to know which banks and financial companies are more flexible and mobile, and in financial difficulties (where everyone can fall), are willing to renegotiate the loan terms, restructure the repayment plan, refinance or merge obligations, reschedule installments, extend deadlines or withdraw extra money. A credit consultant, if he is good and responsible, can save us money, time and nerves.
Especially if we are going to be an event of great importance for us and the money we need to buy home, buy household equipment, furnish, treat, educate, travel and more. Sometimes, under one credit lies our life, our destiny, we trust the credit counselor, and to justify this trust, he has to offer us the most appropriate credit, he has to know the details for a long time, that loan repayment sometimes lasts for 20-30 years.
All credit consultants should have individual attitude towards each client, be objective, be experts in their field. In order for the credit consultant to be transparent, he must have declared which banks and financial companies he is working to make the client more secure and secure.
It is better to work for more banks and financial institutions, this guarantees better choice of loan. There are credit counselors who work for the client free of charge, they may be detached in companies, in most cases and independent. When they offer us credit, they inform us of its strengths, the advantages and the negatives.
The profession of credit consultant is significant and responsible. The BNB maintains a Public Register of registered credit intermediaries under Art. 51 of the Law on Credits of Real Estate for Consumers. It contains: