Being at the side of French citizens is the philosophy of Credit. This financial institution is not just a bank. It also supports consumers in their project by offering various financing solutions ( loans for young people, loans for students, loan for carrying out work, home ownership, revolving credit … ), savings solutions ( booklet A, LEP account, life insurance … ) and insurance solutions ( car insurance, home insurance, funeral capital … ). Consolidation of loans is included in the product portfolio of this financial group. Discover, in a few lines, the concept of this financial operation.
The redemption of credits does not only concern citizens with aggravated financial problems . It is quite conceivable to take advantage of this device to anticipate a future (close retirement for example) or simply by desire to gain purchasing power. In fact, loan consolidation is a concept that was originally intended to make borrowers ‘ budgets more flexible by proposing a reduction in repayment installments.
After reading, you are entitled to ask how such a financial product can reduce a consumer’s credit charges . As you know, different credits from different credit organizations are subject to different rates (one credit is subject to a rate of 8%, the other at a rate of 12% or 1%). %) and different durations. This dispersion increases the amount of repayments considerably.
Banking and credit organizations have, therefore, imagined a product that would centralize all credits in one and the same interlocutor; it is the redemption of credits.
Credit offers to focus your consumer loans, but also your home loans in a single loan at a single rate for a variable period depending on your ability to repay . As a result, you have more than one loan and only one organization to pay each month. Before granting a loan, Credit undertakes to make a personalized study of your personal and professional situation . No redemption of credits can be granted if the financial situation is disastrous.
In addition, it should be noted that Credit has signed the agreement. What does that mean ? The ( Assure and Borrow with Aggravated Health Risk ) Convention allows citizens with a serious health problem to have access to loans. Credit participates in this scheme.