Redemption of credits : How to relax its budget?

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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.

Take advantage of buying back credits to improve cash flow

Take advantage of buying back credits to improve cash flow

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.

Home loans in a single loan at a single rate

Home loans in a single loan at a single rate

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.

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