As holders of real estate loans, consumer loans or cash loans, you have the option of transferring your debt to another bank. The procedures and conditions of such operations may vary considerably. To help you better understand the particular area of credit restructuring, your broker offers a handy guide to buying back credit.
With this guide, find out about this financial solution, find out if it’s right for you, and under what circumstances credit buy-back can be a cost-effective solution.
How to get a credit redemption?
To better understand the virtues of a pool of credits, a minimum of knowledge of the different practices and forms of restructuring of loans is necessary. If the concept of buyback loans 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 the repurchase of credit.
To fully understand the costs involved in the credit restructuring transaction, the application fee, the brokerage fee or the early redemption fee, refer to the Credit Redemption Fees section.
To find out what are the required documents required to complete your loan consolidation application file, consult the article: vouchers to build a complete file and obtain a favorable opinion.
Credit surrender conditions
Before you decide to transfer your credit to another bank, you have to ask yourself what you want to achieve through such an operation. Determine if your priority is to extend the loan repayment period, or if you want to get a credit with a lower monthly payment by lowering the margins, or if you need the availability of an envelope of cash.
Discover all the advantages of buying credit to better understand its interest, and whether it can lead to the improvement and control of your personal or family budget. A pool of credits is often a viable and sustainable financial solution, which can facilitate the management of your current account by collecting a single monthly payment, adapted to your ability to repay.
The expertise of your broker
Do you think that your budgetary situation needs to be reconsidered? Do not hesitate to contact a financial advisor specializing in the redemption of credits for a free, non-binding study.
The private individual is often not in a position to carry out a loan buy-back exercise to the best of his or her ability, without having first sought the advanced knowledge of a professional in the sector. Your Conseil buyout broker has expertise in negotiating techniques to obtain the solution from the largest specialized institutions that is appropriate to your financial balance sheet.