The accumulation of loans, a fall in monthly income, can pose many financial problems because they increase your debt ratio and can push more than one home in the spiral of over-indebtedness.
You have taken out several loans over the last few years, the end of the month is difficult, the debts accumulate and you wonder how you will be able to lighten your monthly payments and get by with all those loans to repay that plague your budget.
Of course these loans (home loans , consumer loans, car loans, motorcycle loans, revolving credit , loans , loans or other personal loans ) have in most cases been contracted in several different banks, which makes their management difficult.
With Wise Men of Gotham, our teams advise you and guide you to find the best solution for easy credit buyback (or pooling of credit) to reduce your debt and restructure your finances . Whether the annual percentage rate of charge (APR) of your credit is a fixed rate, or a floating rate, we can find a solution from your creditors for all your outstanding credits.
Finding a balanced budget can also find a normal life without money problems. To stay (rent), to warm oneself, to light oneself, to feed oneself, to get dressed, to move and the various loads are not any more then worries in the daily newspaper. But even more, the borrower can also find a saving capacity, even minimal, which allows him to look to the future with serenity. Household appliances to replace? A repair to make on a vehicle? An unplanned expense to hire? The savings made will make it possible to meet them without request for financing and without worry.
Decrease your Debt Ratio
The principle of the repurchase of credit is simple , you group together all the loans which you repay currently, to pay only one monthly payment , less expensive than the sum of the deadlines which you must pay at the moment.
You benefit from better rates because we have banking partnerships with exclusive credit institutions that allow us to obtain very low interest rates. The repayment period is extended by several months to reduce your debt ratio. The total outstanding principal amount of all these loans is collected in one loan, used to repay each of these loans at one time. It then remains for the borrower to repay the single credit, but at a rate mostly lower and especially for a longer period.
Noted that people Posted in Bank of France or banned banks can collect their loans under conditions and only if they own their property. The status of civil servant offers additional guarantees and facilitates the acceptance of a refinancing application.
Loan buyback insurance is generally advisable for taking out a contract with a lender, as the cost of credit is often very important.
Buy your Credits Easily
And if you collected all these loans to form a single term? That’s what we offer here, thanks to the loan buyback . In addition to repaying only one monthly payment, it allows you to renegotiate loans, and increase repayment terms, which will allow you to reduce your debt ratio significantly (with a decrease in interest rates). ). You will see your purchasing power increase , and you may even have new projects through this renegotiation.
It is also possible (after simulation and study of your file), to ask in addition a cash which will be included in your regrouping of credits (always only one monthly payment to be refunded therefore).
Do not hesitate any more and ask for a study of your file, by filling this form of request . Fast response ensured by a unique and qualified advisor.
Types of Redemption
We talk about ” repurchase of real estate loans ” when the borrower gathers at least a mortgage and a consumer credit.
The repurchase of consumer credit says the redemption of tenant credit the most common operation, which is to consolidate into a single loan several consumer loans.
Differences Between Repurchase and Renegotiation
It is important to make a point on this difference because there can be confusion between the 2 terms.
Repurchase of real estate credit : this is in fact the consolidation of at least one mortgage and at least one consumer credit. This is what we offer on our site. A redemption of credits must therefore include at least 2 credits, with a capital remaining of at least 15,000 euros.
Real estate loan renegotiation : we are talking about renegotiating our loan when you are looking to reduce the rate and therefore the monthly payments of a single immo loan. In most cases, this renegotiation is done with the bank or you have taken out the loan.
The repurchase of credit
You have two or more credit offers from many different financial institutions? You want to minimize the amount of your monthly repayments to avoid being subscribed in the list of Ficp or also to avoid a situation or an over-indebtedness file? The loan consolidation application, in other words the request to buy back credit may be a reference solution that will help you out of this bad financial situation.
Loan Consolidation, the Ideal Solution
Credit Redemption, Consolidation, Restructuring or Loan Consolidation is a financial offer by which a bank buys all your credits, ie your business credit, revolving credit, home loan, personal credit, and other , from your different financial institutions.
In this sense, the bank in which you subscribe to a credit application makes available to you one and the same credit dedicated to repay Bank Operations. That said, a credit redemption application can help you collect your different types of loans, including auto loans, home loans, consumer loans, and more, with a better depreciation rate.
In addition, the loan consolidation also reduces your monthly payments by offering you a lower credit rate than the average rate of your innumerable credits before. In a nutshell, it allows you to build up a supply of money, by offering you a single type of credit that corresponds exclusively to your ability to repay. In order to find the offer with the ideal credit rate, you can either make a redemption simulation before making an online loan or use the services of a financial advisor.
Credit Redemption, ideal for who?
In general, the credit redemption is for anyone who has contracted at least two types of loans such as consumer loans, car loans, home loans, revolving credit and who wants to collect them to reduce their monthly payments, avoid thus a file of over-indebtedness and also avoid that their name appears in the FICP.
That said, not everyone enrolls in this financial transaction for the same reasons. For example, you can consider a request to buy back a loan, with an early repayment to serve as additional cash to finance a personal project that is important to you, in case you have already subscribed to other types of loans. from a credit institution. In this sense, you can opt for the purchase of consumer credit.
In addition, the purchase of credit can also be the ideal solution as credit works, home loans or professional credit in the realization of all the work of renovation of your home, your office of work. In addition, you can also opt for this solution in case your income has recently decreased and you can not subsequently assume your repayment capacity.
A Mortgage Buyback or a Mortgage-free Buyout
The mortgage loan purchase, also called mortgage loan can be done in the case where you own a real estate to put as collateral and you have a home savings.
In other words, to group all of your loan types into one credit, you can opt for the mortgage if and only if a mortgage on your real estate secures the transaction or the loan application.
That said, if you are awarded the title of acceding owner, that is to say if there is an immo credit that is not yet repaid in its entirety, you can either carry out a repurchase of mortgage and a repurchase consumer credit, either only make a repurchase of consumer credit, with a prepayment or not. In the first case, by putting your real estate property as collateral beside your consumer loans, you then choose the mortgage loan.
That said, this type of loan will free you from Home Loan Insurance, real estate rates and lending rate that are included in your old home mortgage. In the second case, if you are not persuaded to put in guarantee your property, with the offer of insurance mortgage loan it is only then a repurchase of credit conso. In any case, you would always be a housing savings for real estate vote.
The Credit Broker to find the Best Credit buy Offer
After a long consultation with your financial advisor, you have finally decided to apply for a loan, to consolidate your personal credit, your car loan, credit work etc. All that remains is for you to find the best buy offer for your financial situation.
To do this, as a debtor, it can be very useful for you to use a financial specialist, including a credit broker to help you get the best buyout offer with the ideal zero-rate loan, repayable each year. . Indeed, not all credit buy-back offers are the same for each borrowing capacity and also for the different financial institutions. Some only offer you real estate mortgage buybacks, consumer credit buybacks, other than mortgage loans.
Some offer a buyout offer at a higher loan rate, others offer a loan offer at a more affordable depreciation rate, and so on. For all this, in order to have a quick and clear overview of all offers of credit buybacks, the expertise of a real estate broker, the professional Bank Operations is essential.
After collecting information that allows you to detail your financial situation, including notary fees, it offers the ideal credit institution for an offer to buy credit at an effective rate adapted to your situation, and revisable or not according to the nature of your contract. The Loan Simulator or Credit Simulation can also provide you with an Online Loan Advisor, an online broker to look after your credit report online.
Redemption of Credit, many more Advantages than Disadvantages
Subscribing to a Loan Offer, after proceeding with a Credit Simulation or Loan Simulator brings you more advantages than disadvantages. Thus, credit consolidation allows you to simplify your situation by offering a single monthly payment, at a fixed date.
It allows you to better manage your current account and thus have a reserve of money or a pleasant economy in your savings account. It also allows you to benefit from a lower loan rate, as a zero rate loan, with a better amortization schedule.
Of course, the redemption of credit is often accompanied by a fall in the overall effective rate. It allows you to deprive you of heavy real estate rates in your mortgage, notary fees involved in the preparation of each type of loan, etc.
In addition, it also reduces the costs of various insurance as death insurance in the preparation of your records. Indeed, only one credit insurance is sufficient for a single fast credit. Thus, you do not need to subscribe several insurance, such as life insurance in the repurchase of credit.
Credit Redemption Simulation to find the Ideal Offer
In addition to the financial expert, the credit broker, you can also do a simulation to find the online loan offer or the ideal online credit buyout offer for your cash need, in unforeseen circumstances.
In this sense, the loan simulation is available is to simulate your credit application so that it can be compared from a credit comparison allowing you to find the ideal financial institution that will offer you the repurchase of credit with the rate overall workforce, revisable each year, the borrower insurance, the amortization table, the total cost of your credits with the best depreciable rate that may exist, etc.
In addition, online simulation also allows you to have quick credit in just a few clicks. In short, with an online simulation, you can easily simulate your application before obtaining the necessary information for your borrowing capacity from a credit comparator.
Indeed, the redemption simulation offers an online broker service that will search for you the financial institution able to offer you the loan formula best suited to your situation, while offering you the devices favoring your borrower status , from your credit comparison.
The loan simulation allows you to benefit from many advantages namely the borrower insurance, the savings booklet in case of need of cash in unforeseen events, credit insurance, the total cost of your loans, its effective rate, etc. .
If you wish to redeem your credits , we propose you to make an online request on our site . We will get back to you as soon as possible to analyze your situation, your project and the possible solutions. The credit redemption simulation is of course FREE and WITHOUT COMMITMENT .