As holders of home loans, consumer loans, or cash loans, you have the option of transferring your debt to another bank . The procedures and conditions for such operations can vary widely. In order to help you better understand the particular field of credit restructuring , your Ficamont Finance broker offers you a practical guide on credit redemption.
Thanks to this guide, learn about this financial solution, find out if it can correspond to your situation, and under what circumstances the repurchase of credit can turn out to be a profitable solution.
How to obtain a repurchase of credit?
To better understand the virtues of a loan consolidation, a minimum of knowledge of the different practices and formulas of loan restructuring is necessary. If the concept of loan buyback is new to you, you will find the definition of this term as well as a general view of the different types of loan consolidation in the introduction to credit buyback .
To fully understand the costs involved in the credit restructuring operation, administration fees, brokerage fees or prepayment fees, refer to the loan redemption fees section.
To find out what are the mandatory documents needed to build your loan consolidation application file, see the article: Supporting documents to build a complete file and obtain a favorable opinion .
The credit redemption conditions
Before deciding to transfer your credit to another bank, you must ask yourself what you want to achieve through such an operation. It must be determined whether your priority is to extend the repayment period of the loan , or if you want to obtain credit with a lower monthly payment by lowering the margins, or if you need the provision of an envelope of cash .
Discover all the advantages of credit redemption to better understand its interest, and if it can lead to the improvement and control of your personal or family budget. A loan consolidation is often a viable and sustainable financial solution, which can facilitate the management of your current account thanks to the withdrawal of a single monthly payment, adapted to your repayment capacity.
The expertise of your Ficamont Finance broker
Do you think your budget situation is in dire need of a review? Do not hesitate to contact a financial advisor specializing in the repurchase of credits for a free study and without obligation .
The individual is often not in a position to carry out a loan repurchase file on his own and in an optimal manner until its completion, without having first sought the in-depth knowledge of a professional in the sector. Your credit redemption broker Ficamont Finance Conseil masters negotiation techniques to obtain, from the largest specialized establishments, the refinancing solution appropriate to your financial statement.
Contact us to help you obtain the best conditions to consolidate your credits !