Fidem is a credit organization that distributes financing offers such as revolving credits , but also credit redemptions. This company works with But stores, a major furniture specialist. Since March 1, 2015, Fidem no longer exists. This sign was simply bought by a giant on the global credit market: Cetelem .
The repurchase of credits in a few words
We hear, more and more, about credit redemptions. For those who are not familiar with the principle, here is a little reminder. Fidem provides you with a sum of money in order to settle outstanding loans ( consumer credit such as mortgage loans ). In fact, you only have one credit left. This new loan is subject to a single and constant interest rate with a repayment term.
If the main disadvantage is the extension of the duration of the credit, this device makes it possible to reduce the monthly payments and, thus, to make the budget more flexible. Its primary goal is to prevent indebted households from entering the infernal spiral of over-indebtedness . However, you should know that it is also to opt for the repurchase of credits to finance a new project . In this case, the amount of the new loan is included in the loan buyback project.
Like any loan application, you must assess your debt capacity as well as your repayment capacity. Purely as an indication, it must be borne in mind that the repurchase of credit is a loan that you must repay.
Cetelem supports you in your projects
To simulate a loan buyback, you can use the online simulator on the Cetelem.fr site. Details can also be obtained by calling the financial advisors Monday to Friday from 8:30 a.m. to 7 p.m. and on Saturday from 9 a.m. to 1 p.m. and from 2 p.m. to 4 p.m. The call number is 08-20-71-08-30.