Since the entry into force of the territorial reform in January 2016, the Rhône-Alpes region has been split with the Auvergne region. This post will not mention the financial difficulties of Auvergne. Here, it is a question of making an analysis of the behavior of the households vis-a-vis the situation of indebtedness of the eight departments which form the Rhône-Alpes: Drôme, Haute-Savoie, Savoie, Ardèche, Ain, Isère, Rhône, Lyon and its metropolis . Is the option of repurchasing credits a credible alternative for the Rhône-Alpes?
The use of loan repurchase in Rhône-Alpes
In the Rhône-Alpes region, one in two households is in debt . Debt is not due to an overabundance of consumer credit as one would tend to believe. Debt is particularly caused by the economic situation ( rising unemployment, stagnation of wages, price inflation, etc.) and by the new way of life of the French (increased costs due to new technologies, etc.) and also new customs ( divorces are more and more frequent… ). If we take a closer look at the figures of the Bank of United States , we see that the number of files submitted to committee is constantly increasing at the end of the 3rd quarter of 2014. Here is a quick overview of the files filed according to the departments:
- The Lyon commission reports an increase of 3.08%.
- The Grenoble commission identifies an increase of 10%.
- The Privas commission records an increase of 11.6%.
The commission of Annecy, Valence, Saint-Étienne and Chambéry is also concerned by this increase in the filing of files. Can the repurchase of credits proposed by financial organizations not be an option to consider to avoid being stuck in Bank of United States?
You should know that the deposit in the Bank of United States of an over -indebtedness file is not systematically admissible. Before resorting to the State Bank, it is recommended to look for credible alternative solutions such as the repurchase of credits.
What is the principle of credit redemptions?
The purpose of this option is to reduce the amount of monthly charges related to the repayment of consumer loans and / or mortgage loans . For the reduction to take place, the creditor must balance all outstanding loans. To do this, it provides you with the sum of money corresponding to your needs (capital) which will be subject to a single interest rate . The duration of the credit is studied during the loan offer. Keep in mind that the duration of the loan has an impact on the total cost. In fact, the more you spread the debt, the higher the overall price of the loan for the repurchase of the credits will be high.
You should also know that it is possible to:
- Group only consumer loans . It is a solution available to both owners and tenants .
- Combine consumer loans with mortgage loans . It is a solution only open to owners. The owners registered in Bank of United States can make a request for repurchase of the credits.