The Nord-Pas-de-Calais region no longer exists! Since January 1, 2016, it has been linked with the Picardy region to give birth to a new region called Haut-De-France . This large region in the north of the United States is particularly known for its “talk”, but also for its history, its gastronomy and its large cities; from Lille to Cambrai via Saint-Quentin or Arras, Laon, Amiens or even Cambrai, Dunkirk, Maubeuge . In the socio-economic context, the Nord-Pas-de-Calais region is one of the geographical areas where households are the most in debt . Why ? What are the main causes? How to get out of this scourge?
If you live in this beautiful part of United States or have a bit of an interest in the economy of the United States, you should know that the northern region is one of the most critical:
- high unemployment ,
- multiple births,
- mass divorces,
Rest assured, the north of the United States does not have only drawbacks since it is also one of the geographical areas where:
- the rental price is the least expensive,
- the almost free motorway network,
- free or low parking lots,
- the birth of the proliferation of discount stores to limit spending on primary resources.
Although life is cheaper than in other French regions ( Ile-de-France, PACA, Bouche-du-Rhône… ), northern households face cash flow concerns .
On reading these first lines, it is possible to affirm that the main factor of household debt in the north of the United States is notably explained by high unemployment (12.6% in 2015). According to the Bank of United States report, the poverty line is around 20% in 2015. How can households live comfortably? The repurchase of credits can be an idea to consider provided you respect the rules of the game.
Who is this financial transaction for? There are no predefined criteria. Anyone wishing to balance the budget and having an acceptable repayment capacity can request it. Homeowners can renegotiate mortgage loans like requesting a reunion of a mortgage with consumer loans. Tenants, on the other hand, can only consolidate current consumer loans . To combine your loans into one, and thus reduce the amount of monthly repayment installments , you will have to be solvent and present some guarantees. Check with financial organizations without forgetting to make multiple comparisons between the offers on the market. For information, the principle of the repurchase of credits is based on the following diagram: collect the credits in progress so as to have only one single monthly payment and lower!
To conclude, the repurchase of credits is a possible option provided you remain reasonable and responsible. Indeed, this solution is a backup idea to be favored to minimize the risk of over-indebtedness .