What is called credit redemption operation through the results found using search engines, well it’s consolidating a lot of things like outstanding consumer credit or still outstanding capital mortgage loan.
But it is also to be able to redeem debts of all kinds, for example, it is eligible to restructure in a grouping of debts tax arrears and a family or personal debt.
Over-indebted people and loan consolidation!
The customer requests to the characteristics of consumer loan consolidation or home loan consolidation are numerous to be the object of borrower profile over-indebted.
It should be known that the repurchase of receivables responds to solvent borrower profiles, that is to say who can claim to release sufficient financial capacity in order to be able to cope with the settlements of the maturities of said loan contracted throughout its lifetime.
Therefore, if the claimant is in debt distress, it is necessarily that he is unable to claim to be able to pay the sum due (capital + interest) to the lender. It is by definition insolvent, and may be close to personal bankruptcy!
To be more coherent in the explanation given, an over- indebted person must turn towards the Banque de France in order to file an over-indebtedness file. An approach that aims to solve the problem related to budgetary and financial problems.
The repurchase of credit is for debtors badly indebted!
Credit buy-back files that lead to a favorable opinion are financial studies whose financial ratios are favorable to the creditor’s acceptance criteria and standards (debt ratio after transaction, residual income per person also known as residual), and not files whose state is close to bankruptcy.
Specialized banks and credit restructuring brokers have loan consolidation solutions for people who are badly indebted and not over-indebted!
In the first case, the borrowing (s) have difficulty managing their financial budget, but they release sufficient repayment capacity to a possible Algernonment consolidation of consumer credit or renegotiation of mortgage credit. It is “simply” to reorganize their financial burdens and it is left for a sound and sustainable mastery of the budget.
In the second case, unfortunately no bank can intervene on customer requests whose risk of insolvency is potentially probable. Consumer credit houses are doing their utmost to avoid untimely overdue payments throughout the amortization of the money lending contract.