RFRP

25/05/2022

25/05/2022

RFRP- Research Funding Request Proposal

19/04/2022

UE

18/04/2022

📌 Here is our summary of the rates charged for the purchase of classic credits for the month of April 2022.

🔍 Rates that are still very low so redeem your consumer credit!

✅ A credit commits you and must be repaid. Check your repayment capacity before you commit. No payment of any kind whatsoever may be required of an individual before obtaining one or more loans of money.

15/04/2022

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Tonight's action:

Repurchase of loans: what are the different solutions?

The repurchase of loans has become a well-known and even common banking operation in France. However, it is important to be familiar with the different types of loan redemption. Indeed, not all of them are aimed at the same people and do not involve the same reimbursement methods.
As a general rule, the purchase of loans will allow you to reduce your monthly payments while carrying out your new projects and optimizing your budget.
But which credits can be redeemed? Which redemption of credits to select? With what terms of reimbursement?

Before any approach, it is important to carry out a loan buy-back simulation, for this, I invite you to contact me. The latter will allow you to have a clear idea of ​​your financial situation and what it could become thanks to this operation.

Several types of credits can be redeemed: consumer credits, revolving credits, mortgages but also your various debts.

Consolidation of consumer loans

Consumer loans are loans allowing borrowers to finance a project such as a car, a trip, a wedding, work… these are loans granted quite easily by banking organizations. We will often speak of assigned loans when the credit is made for a very specific purpose (car loan, travel loan, work loan, etc.). That said, you can also have unassigned credits, i.e. not linked to any particular project. Both of these types of loans can easily be redeemed through consumer loan redemption.

There is also a second type of consumer credit called revolving credit. You can include your revolving credits, or revolving credits, in your loan redemption. Revolving credits are unallocated loans. They represent a sum of money permanently available to the borrower thanks to a credit card. I would still like to clarify: revolving credits have many advantages but also disadvantages. Indeed, this type of credit entails a fairly high cost because of the rate applied, higher than those of a personal loan for example. To go further, the rates charged for a revolving credit are close to the wear rate, that is to say the maximum rate that a bank can offer borrowers.

The purchase of real estate loans

You can also decide to redeem your mortgages provided that you include at least one consumer credit in your operation. Home loans are credits dedicated to the purchase or construction of real estate. However, the repurchase of mortgages are subject to specific standards. Indeed, according to article L312-21 of the Consumer Code, if you choose to partially redeem your mortgage then your reimbursement must represent at least 10% of the total amount.

Also, if your mortgage represents more than 60% of your transaction then you will benefit from a reduced rate compared to a purchase of consumer loans.
In addition, a purchase of mortgage loans extends much more than a consolidation of consumer loans, this means that you can spread your monthly payments over 30 years while a purchase of consumer loans only extends over 12 or 15 years depending on your situation.

The redemption of your various debts

Finally, you can include various debts in your transaction. These will be considered as consumer credit when buying loans. In this sense, your late payment of taxes, your unpaid bills, your family debts can be integrated into the repurchase of loans. This will save you from paying expensive late penalties. Moreover, in the case of unpaid water bills for example, the repayment of your debts becomes essential in order to continue to have access to water. The reimbursement, and the redemption, of all these debts will allow you to be reassured and to apprehend your finances more serenely.

To conclude, the purchase of loans is an interesting banking solution when you want to reduce your monthly payments. This allows you to facilitate the management of your budget and will make you more peaceful vis-à-vis your finances. If you already wish to carry out a loan buy-back simulation, I am at your disposal, completely free study, without commitment and without changing banks.

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07/04/2022

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What is a credit redemption?

It is a banking operation consisting of grouping all of your current credits into one. In this sense, there will no longer be any differences between your consumer loans such as your personal loans, your revolving loans and your mortgages. In addition, your repayment terms (rate and repayment term) will be renegotiated to your advantage.

Often (but not only), loan buybacks are aimed at households exceeding the recommended debt ratio threshold. Thus, the purchase of credits will allow you to reduce your monthly payments and at the same time your debt ratio.

Who pays my credits?

Your old credits will be settled by the financial institution from which we will obtain your credit redemption.
In other words, the credit institution responsible for your redemption will reimburse your creditors by transfer or check.

It is also possible that your old credits will be settled by a notary. In particular for purchases of consumer real estate loans with a mortgage guarantee.
Indeed, when there is a mortgage, going to the notary is mandatory. In this sense, some financial institution credits the notary so that the latter reimburses all of your creditors.

Access to the redemption of credits, a complicated process?

Obtaining a credit redemption is absolutely not complicated. Indeed, you will only need to provide me with certain supporting documents. Then I'll take care of everything.
These supporting documents are simple, your identity documents, your payslips, the documents attesting to your expenses as well as your possible property income.
Once all of your documents have been gathered, I will validate with my analyst, Delphine, the feasibility study of your project, which will study your professional, financial and personal situation in depth. In the same way, we will check your debt ratio, your borrowing capacity, your remaining life...

Once the study is tied up, we take care of presenting your file to our partner establishments in order to obtain the best offer for you.
In addition, we remind you that the sooner we obtain all the documents requested, the faster your request will be processed.
Finally, I will take care of advising you and following up with you throughout your process.

Is it necessary to change bank when buying back credits?

It is absolutely not necessary to change banks when buying back credits. However, some "classic" bank may ask you for it, this is particularly the case when you take out a mortgage. On the other hand, the partners of Credits and Advice during a purchase of credits will not force you to open a bank account within their organization since they have no banking services to offer you.

Is this banking operation frowned upon by financial organizations?

Credit redemption operations are not frowned upon by banks and will not affect you if you later want to make new credit.
Indeed, this banking operation often aims to get you out of a delicate situation.
Banks will instead encourage you to consider buying back credits.
Indeed, the various redemptions of credits come to erase your financial complications by rebalancing your budget. The operation is therefore beneficial for everyone since you will no longer have late payments etc.