The Nice municipal credit union is a public utility establishment that has existed for centuries. Originally, municipal credit unions were called Mont-de-piété. To meet the growing demand of the people of Nice, the municipal credit wanted to expand its banking activity . The establishment abandoned this idea in 2006. What solution does the municipal credit of Nice offer to help households flirting with cash flow difficulties? Is the repurchase of credits part of its product portfolio?
Get out of debt thanks to Crédit Municipal de Nice
While it is true that the living environment is ideal ( sea, mountain, sun ), life in Nice is expensive. In February 2016, Nice was even designated as one of the French cities with low purchasing power. For example, it has been shown that it is difficult to become an owner on the Côte d'Azur (around 3823 € / m² for the purchase of real estate). But this is not the only area that poses a problem for Nice people with modest incomes: the price of insurance is high, the cost of parking lots is expensive, the inflation of taxes… It is therefore not unusual for have recourse to credits to be able to finance its purchases . Too many credits as well as the expensive lifestyle are the consequences of debt.
Crédit Municipal de Nice does not offer loan redemptions ; this solution which allows you to settle your loans so that you only have one credit in progress. So how do you get out of this downward spiral? You can try the use of pawn shops . Municipal credit has the monopoly on this concept of financing.
In concrete terms, how does that work ? The pawnshop works on the following principle:
- The consumer hands over a valuable item to the organization.
- This object is evaluated .
- The sum of money corresponding to the value is given to the depositary.
- The object is returned only after reimbursement.
This financing solution has advantages if the cash flow difficulties are minimal and temporary: problem in the payment of rents or bills. It is, in a way, a cash fund that must be repaid. The advantage of the pawnshop: the loan term is extended provided that the borrower pays the interest .
The pawnshop is not a repurchase of credits. However, you can use the money to settle some credits , including revolving credits , since no proof is required. By clearing credits, you gain purchasing power .
Although this is only an interim solution, it can be of great help. At the time of the request, it will be necessary to provide some documents such as the identity card , the proof of address and the certificates of authenticity of the deposited articles.
Contact the Crédit Municipal de Nice
The Credit Municipal de Nice, located at 43, rue Gioffredo, is open weekdays from 8:30 a.m. to 12 p.m. in the morning and from 1:15 p.m. to 4:30 p.m. in the afternoon. Before going there, you can contact the Nice municipal credit officers by phone by dialing 04 931 361 00.