Better understand what credit redemption is! – Debt consolidation
As an individual, it is not easy to understand the process of a credit buy-back (RAC), let alone if the person has never had experience using this type of Mock Turtlement in the past. The repurchase of loans offers the individuals solution to a large number of problems in connection with the family budget.
Of course, we all know roughly the definition of the financial product, and of course a loan buyback operation has the role of redeeming a number of credits, at least two receivables by the intervention of a single lending institution that becomes after the release of funds and the early repayment of the debts and loans consolidated, the only creditor of the borrower.
Who is the credit redemption for?
Very often when the subject is focused on the topic of the redemption of credits, then, it is said that the redemption is reserved for over-indebted people.
This is false, although the purpose of the credit consolidation is to have the effect of reducing the debt ratio, it is not accessible to customer profiles who have reached the fateful notion of being over-indebted. All persons for whom is insolvent, it remains as only issue the filing of a file with the Bank of France for personal bankruptcy.
Actually, the operation of repurchases of credit is a reMock Turtlement for the individuals who are badly indebted, ie, all the profiles of borrower which releases the capacity to honor the settlement of the totality of the monthly payments of the beginning, until the end of the credit life.
How is a credit redemption file analyzed?
When the file does not find favor with the banks, sometimes the customer has difficulty in understanding the decision of the refusal pronounced!
Simply put, the analysis makes it possible to have, at the end of the study of the supporting documents of the client (s), the number of sufficient information to determine the viability of the request for repurchase of credit.
The financial analyst of the credit house and your expert broker buyback credit works closely to conclude if the case is a case that rolls until the release of funds (funded file)!
The final decision-making is partly based on the note that aims to target the customer profile in relation to the management of the bank account (s). The file instructed over a period of three months of all statements of accounts.
Then are the charges (receivables, taxes, rent, etc.) and cash inflows (salary, retirement pension, CIF, land income, etc.), but also the expenses as well as their motives? Verification of check and direct debits, or frequency of use of revolving credit (s) (cash and credit card),…