If the monthly borrowing charge to be borne by a debtor is made up of more than three loans, then budget management is suffocated by the multiple repayments in progress. In this case, a loan repurchase operation is the way to find a lasting solution to the problem of multiple monthly payments with high repayment rates.
What is the use of the repurchase of credits?
The repurchase of credit makes it possible to regroup all the debts in progress in a single loan to obtain a monthly payment, more adapted to the repayment capacity of the borrower .
The grouping of loans makes it possible to reduce the monthly charge of loans being amortized, while simplifying budget management. This financial transaction frees up an additional monthly budget which translates into more purchasing power.
Thanks to the consolidation of loans, the debt ratio is reduced , which allows the borrower to approach the future more calmly: it is again possible for him to consider the financing of new projects by obtaining a cash envelope included in the financing plan.
What types of credits can we combine?
There are three types of debt buybacks , depending on the nature of the loans to be bought back (real estate loans and / or consumer loans) and depending on the type of guarantee backed by the refinancing (if there is a real guarantee, we will speak of a loan. mortgage).
If the credits to be grouped are revolving credits or personal loans (auto loans or mortgage-free work loans, but also cash loans, etc.) excluding mortgage loans, then it is a question of a repurchase of consumer credit . It is aimed at tenants and owners. Its amortization period is within a range of 60 to 144 months.
If the loans to be repurchased are consumer loans for which the total amount of capital remaining due is high (> 80K € approximately) or if it is a repurchase of mortgage and consumption , then it is a question of repurchase mortgage loan with a mortgage-type guarantee backed by the loan. It is intended exclusively for owners of one or more real estate. The maximum amortization period is the same as for mortgage loans (up to approximately 30 years).
How to buy back credits?
A credit consolidation operation is carried out thanks to the intervention of specialized banks . These are banks that are little known to the general public because they are not directly accessible to individuals. If the bank accepts your application, it buys all of your credits and you only have one monthly payment.
To obtain a repurchase of credit, it is essential to seek the services of an intermediary in banking operations and payment services (IOBSP) , more commonly known under the name of broker in repurchase of credits .
Our experts at your side!
Much more than a simple intermediary, your Ficamont Finance adviser accompanies you throughout the examination of your loan collection file. Its objective is to find the best solution to your management problem in order to allow you to carry out future projects.
Thanks to the many partnerships forged on the market with the largest credit consolidation banks, it guarantees you the best financing conditions for your loan repurchase project .
By means of a mandate signed between the parties concerned, your Excellia broker carries out all the necessary procedures with the organizations concerned (banks, notaries, etc.).
Would you like to consolidate your credits?