What a beautiful French region that is Limousin! Did you know that this magnificent region which brings together three departments ( Creuse, Haute-Vienne and Corrèze ) is one of the least populated regions (less than 800,000 inhabitants), but also the region where there is a huge of owners? In Limoges, for example, 91.2% are main residences (source from INSEE). Although owners, in the majority of cases, limousins are not spared by debt . What are the causes ? How to regain purchasing power?
If we rely on reports issued by the Bank of United States and INSEE, the Limousin region is severely affected by unemployment . The Tulle employment area posted a record rate of 10.7% and that of Guéret 14.7%. Is unemployment the main cause of household financial worries? You have to be realistic, this scourge affecting the entire United States is a factor, but it is not the only one. The number of divorces is also high . This change of life inevitably has a negative impact on the treasuries. That is, not to mention the overconsumption of credits or even unnecessary compulsive purchases.
How do you know if you are in debt? This is, certainly, one of the questions you are asking yourself. You have to know that times are difficult for everyone. It is becoming more and more difficult to save when you are a household with modest incomes with dependent children. Even if state aid supports households to make a decent living, it is not always within the reach of budgets to be able to fully enjoy yourself:
- pay vacation,
- afford a computer,
- subsidize children's studies,
- pay health care expenses ...
To put it simply, a couple (or a consumer) is in debt when their resources are no longer sufficient to cover their long-term costs. We must, therefore, react quickly, but well so as not to be overwhelmed by debts and unpaid bills. You are well aware that when you no longer respect the payment dates of your invoices, you very quickly find yourself in a vicious circle with no way out. Being a responsible adult therefore means revisiting your cash management and finding credible ideas for reducing the amount of your expenses.
Asking for a loan buyback can help you live better! This concept, which requires the intervention of a lender , plays on the rate and the duration of the loan to reduce the total amount of loans. Concretely, after evaluating the outstanding amount of your various loans, the lender establishes a loan offer. After agreement with commitment by signature, the lender pays you the value of the new loan. The latter must settle your other credits. In most cases, it is the lender who takes care of the paperwork. The rest of the cash is paid directly to your checking bank account.
After the implementation of this financial operation, the household has only one exclusive partner, which makes it possible to better manage its budget. Credit consolidation remains a loan that must be repaid even if its goal is to support you! A product with an innovative concept that must be handled with diplomacy.