Making a purchase of credits is not free and generates more or less significant fees. However, it is possible to directly integrate these various costs in your credit to avoid having to spend money. In addition, it is also possible to negotiate with credit institutions to obtain significant discounts depending on the quality of your file
The redemption of credit: a new breath for an overburdened home
Taking credit is a simple way projects such as buying real estate or consumer goods, planning work or travel, or coping with unforeseen expenses in case you do not have not enough cash. Nevertheless, with several credits in hand, repayments can greatly reduce your purchasing power and therefore your quality of life. In addition, multiple bank levies can make your budget management more complex.
Also be aware that an unexpected situation such as sudden loss of income can worsen your debt level. Many situations can make repayments more difficult. You risk banking when you accumulate two monthly payments of unpaid on the same line of credit. In addition to prohibiting you from taking advantage of certain banking services, an over-indebtedness situation prevents you from getting a new loan if needed. Making a credit redemption allows you to renegotiate the repayment to reduce the amount of monthly payments, to have a single bank levy and thus regain flexibility in your bank.
A reprocessing that integrates all fees
A repurchase transaction generates fees in the event your application is granted and you finalize an agreement. Note that the study of your file is completely free as long as no agreement is signed as the request for information from a broker.
In addition, it is also advisable to take out insurance that will cover your monthly payments in the event of death, disability or temporary incapacity for work for example.
The preponderant role of the broker
Although it is possible to apply directly to a credit institution or a bank to request a restructuring of your debts, it is strongly recommended to go through a broker for the redemption of credits. Indeed, the expertise of a professional allows you to find the best opportunities available on the market. The broker will make sure to compare the offers taking into account your situation to make the most of your file. This will give you a better chance of seeing your redemption request accepted.
In addition, it should be noted that many negotiations will have to be conducted during the credit redemption process. In this way, the broker will ensure better terms of redemption and, in particular, minimize costs. Finally, having recourse to a broker will allow you to have a better visibility on your possibilities of re-bank. Using simulation tools, you will be able to directly compare your financial situation before and after a debt restructuring procedure in order to better appreciate the possible improvements.