When a debtor finds himself in debt and unable to repay his monthly payments, he still has the possibility of making a repurchase of credit. This is a financing solution that groups all outstanding loans into one single loan and benefits from reduced monthly payments.
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A credit redemption proves to be the last resort in case of over-indebtedness due to the contraction of several loans. It turns out to be the solution to adopt when the debtor is subject to
It will be able to renew its budget and be able to better manage it. A repurchase of credit consists in particular of granting monthly payments which are established from the capacity of repayment of the person concerned. It is precisely a question of downgrading its debt ratio below 33% of the income concerned.
There are different types of credit surrender, the terms of which may vary from one credit institution to another. We can distinguish the consumption or tenant buyout and the consolidation of real estate loans. Added to this are the repurchase of professional credit and the purchase of credit by purchase/sale.
The tenant buyback is a formula that consists of consolidating all consumer credit while the real estate purchase relates to the consolidation of real estate loans and consumer loans. To access more information about the redemption of credit, just go to our page: What is a credit redemption? The site specializing in the field of credit and operations referred to it will better inform anyone with questions related.
The necessary fee accompanying a credit redemption different from one case to another. Following a favorable response from the bank has accepted the request for repurchase of credit, it is necessary to envisage expenses of record. It is also essential to consider notary fees in case a mortgage is included in the pool of credits. Compared to previous credits, this requires in particular prepayment fees.