Being a responsible adult also involves controlling your cash flow. Indeed, the man needs a subsistence minimum to live properly, to have pleasure, but also to face unforeseen expenses such as anticipating a marriage project or even to consider saving in the event of a hard blow. Did you know that, according to the Bank of United States report from June 2015, the average debt of the Lorraine region, which has just under 2 million inhabitants, was $ 40,847? Are there any solutions to get out of debt other than the Bank of United States? We take stock with you.
Redeeming credits: a popular concept! Meurthe-et-Moselle, Moselle, Vosges, Meuse… households in the four departments that make up Lorraine are not spared from over-indebtedness. In Metz, for example, there was an increase of 25% between 2008 and 2015. A rebound is also visible in Nancy , Bar-le-Duc or even in Épinal. If we analyze the report of the Bank of United States, we see that the typical profile of the person in debt distress is a single person without dependent children and unemployed. So, how to get out of this scourge?
You should know that the French government has declared war on over-indebtedness and Lorraine is entering the test phase. For this active fight, Lorraine has set up budget advice points (PCB). The idea is to help the people of Lorraine to rebalance their budget by offering aid, but also to support them towards creditors for a consolidation of credits. Certain banking organizations such as Crédit Agricole or BNP Paribas have joined the project.
Would the repurchase of credits therefore be an excellent option to reduce your monthly charges? At first glance, it would appear that the government approves this solution. The consolidation of credits works on a simple principle: to buy back a consumer's current credits to offer him a new one at a single rate . Race results: the amount of charges due for loans is down.
In addition, consumers can spread their new debt over a longer period. Of course, the total cost of credit increases, but the monthly payment decreases much more. The finding is therefore real: fewer charges to pay and a real increase in cash flow or rather the remainder to be lived.
We note another advantage: there is only one contact person (the body that bought the credits). In fact, in the event of an imponderable, it is easier to negotiate a deferral of monthly payments .
However, for the financial transaction to be profitable, you must compare the different proposals according to your needs by focusing on the promotional offers at the time of your request (no management fees for example). In addition, homeowners, for example, will need an organization that redeems mortgage loans with consumer loans. You should know that the Lagarde law has put a simple rule on the subject of mixed loan repurchases. The rate applicable to the repurchase must imperatively be that of the real estate rate if the share of the total amount of consumer loans is equal to or greater than 60% of the total amount of mortgage loans.
To conclude, credit consolidation is a solution to consider when a consumer feels stuck in the throat. You have to be careful, however, and do the comparison according to your needs. Remember that a loan must be repaid.