Most users take advantage of several financing offers to buy property ( real estate, car, boat, etc. ), finance development work or even deal with an unforeseen event.
The credits consist in borrowing a more or less important sum from an organization, and to repay it in monthly installments agreed upon during the subscription. But it sometimes happens, in the event of a multiplication of subscribed credits or a change of situation, that the monthly payments strain a daily budget , which becomes difficult to keep.
Before sinking into the spiral of excessive debt , it is possible to consolidate these credits, and smooth the monthly payments into one. This operation is called the repurchase of credit.
Why buy back one or more credits?
Loans subject to repurchase or consolidation are generally extended in the duration of their repayments. This financial proposal can be made by the initial lender . The latter may, at the same time, offer additional cash financing .
Professionals specializing in loan repurchase are also available to users to offer them various refinancing solutions. These professionals are called brokers, and can provide users with interest rate renegotiations .
These interest rates are particularly high in the case of renewable financing ( consumer credit , revolving credit, cash reserve, revolving credit ...). They are generally around 20% of the total amount owed.
These rates being variable in addition to being high, the lender has every interest in encouraging the full use of the reserve. Thus, for example, a cash reserve of 1000 us dollars, repayable initially in several monthly installments of 30 us dollars, will cost more in repayment if the reserve is constantly used.
When the financial situation becomes complicated, it is better to consider a loan buyback to reduce your monthly payments . However, the user's resources must be sustainable, because the reduction in monthly payments generally increases the total duration of the contract.
Some useful contacts on the PACA region
Several brokers in the city of Marseille, and in the Paca region can provide information and establish a loan buyback proposal . This proposal will be compared with other proposals from different competitors, before making a choice.
For example, Sofica-credits.fr , Marseille-credit.fr , or even lbinvestsud.com , to name a few, have reception desks whose contact details are available on the net.
External organizations, such as borris.com, cofidis.fr or cetelem.fr can also quickly send offers to compare.