The repurchase of credit – Loan consolidation attracts more borrowers


The repurchase of credit is advised to the individuals having difficulties in managing their debts. It consists of consolidating the many loans of a borrower. As a solution to over-indebtedness and the drawbacks it causes, credit consolidation is increasingly attracting borrowers.

What does it imply?

What does it imply?

Merging your credits allows you to reimburse only one monthly payment to a single contact. On the other hand, credit restructuring helps to reduce interest rates.

Individuals subscribing to a credit consolidation give themselves the opportunity to better manage their finances. This loan also generates an increase in purchasing power which is explained by the decrease in the amount of monthly payments. It is important to know that a credit consolidation extends the repayment period.

How to benefit from a credit repurchase?

How to benefit from a credit repurchase?

This loan is not reserved for a specific category of individuals. To subscribe, you simply have to prepare your loan request: a photocopy of your identity document, your most recent pay slip and documents relating to all your other loans.

You will have no trouble getting a credit restructuring if: you are not on file with the Capital Lender, your debt ratio covers less than 40% of your monthly income, you can provide a solvency guarantee and if your spouse agrees to sign the loan contracts.

To better understand loan redemptions and get an idea of ​​your repayment capacity, try online simulators. If you wish to compare several proposals, do not hesitate to use the online comparators.

Do you have to have several credits in progress?

Do you have to have several credits in progress?

You can take advantage of a loan consolidation even if you have only taken out one personal loan. Indeed, it is not only intended for over-indebted individuals. It is also suitable for borrowers wishing to preserve their treasuries and take out new loans.

Furthermore, if you can afford it, you can incorporate other types of debt into your loan repurchase. We are talking about your different taxes, your unpaid rents, your vacation costs, invoices for your work etc. Before accepting your request, the requested credit organization will carry out an analysis to determine its feasibility.

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