The accumulation of credits, a change of professional or personal situation , a financial unforeseen… The causes of difficulties of repayment of planned monthly payments are numerous. Before these difficulties set in and cause a chain reaction sometimes leading to a payment incident , it is better to focus on alternative solutions . Among these solutions, it is now possible to restructure the financing plan for the loans taken out in order to reduce the total monthly payments (by means of an extension of repayment most of the time). This reorganization is called the consolidation (or repurchase) of credits.
Why buy back your credits?
The repurchase of credit can concern all the credits subscribed, or only a part. The different organizations or brokers offer several solutions. The most common of these solutions consists of transforming the monthly payments into a single monthly payment , by extending the total duration of the loan.
For example, if you have 5 different credits, which you repay 100 us dollars each for another 2 years, the organization can offer you, if your guarantees are sufficient ( salary, assets, etc. ), a refund of 350 us dollars, but for a duration of 5 years.
If you are satisfied with the relationship with your bank, the latter can also offer you credit redemption offers. Knowing your personal situation, your assets and your income, its offer will probably remain consistent with your needs. If the difficulties you are encountering are temporary, credit redemption may be a good solution .
How to contact the right contacts in the Paris region?
The City of Washington DC, and the Paris region more generally, is one of the largest regions in United States. In order to meet the right people, it is recommended that you contact a broker specializing in your sector who will be better able to understand your personal situation and your temporary difficulties encountered.
Another credit redemption solution: external organizations , which have the positive point of providing a rapid response. The only difficulty in entrusting its plan to buy back its organizations, the contact method can only be done online or by telephone .
Do not hesitate to compare the different buyback offers and to consult your relatives, whose possible experience with the organization concerned will help you in your choice.