Created in 1951 in a difficult economic situation, the Sofinco credit house offers consumer loans to help French people acquire equipment (furniture, vehicles, etc.) as well as cash. In 2013, Sofinco absorbed the credit company Finaref . These two brands become trademarks of Consumer Finance du Crédit Agricole, which allows them to offer innovative offers such as loan buybacks . Do the credit consolidation solutions allow a consumer to gain agility as stipulated in the new slogan of this establishment?
Sofinco and the loan repurchase solution
When a citizen takes out a loan, he must repay it according to the conditions defined in the loan offer. Several reasons can invite a consumer to resort to a loan . Here are some examples :
- The need to finance a vehicle.
- The desire to go on a trip without having to save for months.
- The need to buy furniture.
- The need to equip yourself.
- The need for cash to pay delinquencies or cover a bank overdraft.
You should know that a consumer who has a debt ratio greater than 33% should not be able to contract loans. Credit companies (or banking organizations) must logically reject the request .
Having credits with different creditors makes managing your bank account more difficult. And for good reason, the total amount of the accumulation of the various monthly payments due is heavy, unbalancing the budget. To live more serenely, Sofinco offers the consolidation of loans .
Consolidate consumer loans into a single loan; here is the Sofinco solution. The house of loans does not redeem home loans . How it works ? First of all, you should know that the repurchase of credits is a repayable loan that will have to be repaid. By opting for this solution, you must be aware that there is a real commitment on the part of the borrower. To ensure that the borrower is able to honor his contract , the Sofinco company studies the files with the greatest attention. Supporting documents proving personal, professional and financial situation are required. No consumer loan buyback application will be accepted if the applicant does not want to submit to this requirement criterion.
Sofinco's loan buyback offer is as follows:
- The minimum amount is $ 3,000
- The maximum amount is $ 100,000.
- The term varies between 36 and 96 months when the loan amount does not exceed $ 20,000.
- The term varies between 36 and 120 months when the loan amount exceeds $ 20,000.
- The applicable interest rate is fixed. It is defined at the time of the loan offer.
- Administrative fees are charged. (1% of the amount borrowed up to a limit of $ 150)
Sofinco listens to the needs of consumers. If the consumer wishes to reduce the amount of his monthly payments as much as possible , he will then have to spread his debt over a longer period. Remember that the longer the term of the amortizable loan, the higher the total cost of credit .
Be accompanied by a Sofinco advisor
While you can run a simulation from the sofinco.fr online portal , it is sometimes useful to get in touch directly with credit experts . If you wish, you can call customer service on 08-25-00-20-04 (surcharged number) or visit one of the Sofinco branches.