Credit repurchase with cash and its principle.
The projects abound, but, for lack of financial means, you tell yourself that you will never be able to materialize them. In addition, you have not yet finished paying off your debts. Do not lose hope, a reliable solution presents itself: the repurchase of credit with cash.
Principle of the repurchase of cash credits
Do you have several types of credit, such as home loans or consumer loans, in the process of being repaid from financial institutions? It consists of consolidating all these credits into one for overall monthly payments. It will save you from repaying different credits and debts each month.
We specialize in the repurchase of credits to give our customers the opportunity to have only one credit with one repayment. This operation is also called restructuring, consolidation or refinancing.
It allows you to finance a new project while helping you optimize your monthly payments. The objective of the borrower, in a repurchase of credits, is to decrease his monthly payments and, consequently, the debt ratio.
We will make sure to advise you and direct you to the terms that best suit your needs. Thus, a repurchase of credit can allow you to finance a new project in the short term and thus save you from the additional costs relating to a second credit.
Cash: security savings
If you are looking for financing adapted to a new project, while you still have a credit repayment in progress, this cash solutions will be the ideal solution. The goal is to build up security savings in order to rebalance the new monthly installments as well as one’s own income.
Cash, when included in the repurchase of credits, is therefore limited to 15% of the total amount. This cash, also called free use, is released when it is signed. Thus, cash will allow you to take advantage of your loan repurchase to finance a new project.
The method of including cash in the repurchase of credits will have to facilitate the management of your budget. You will know exactly what you are paying back each month, with cash included in your new monthly installments. Finally, the cash can be free or allocated to a project. Its amount is fixed by your own care according to your needs.
How to benefit from it?
To benefit from it, submit your project on our site, an adviser will study your file and offer you a formula adapted to your profile. The criteria at play to optimize this credit buy-back are: the debt ratio before and after the operation, the number of your previous credits, the number and frequency of repayment incidents, your age, your professional status, your situation family.
However, in order to define your debt ratio, we may have to take into account family allowances, your possible unemployment income, your property income. Finally, to be sure you get it, make sure you have the best borrower profile.
When submitting the application file, you will be recommended to anticipate and negotiate any incidents, such as problems, unforeseen or not, which may arise when paying one or more monthly payments. In such cases, your cash should be used as a safety net.