We recently revealed the typical profile of the borrower buying back credits. The age range, which ranges from 25 to 77 years, highlights an openness to many profiles. Your request may be in the order of anticipation or consequence, following an unforeseen event for example.
A response to changes in financial situation
Certain events can cause complications in the management and stability of your finances. Job loss, divorce and death are sometimes unpredictable while an accident is always. These situations are difficult both humanly and financially.
The drop in cash flow and / or the costs involved can have a big impact on your budget. If you find yourself in this type of situation, buying back credits can help you maintain or regain financial comfort. By grouping your debts to pay off only one, your monthly payments automatically drop. With the lengthening of the repayment period involved in the operation, you benefit in particular from better purchasing power.
Other needs are more predictable: work, a new vehicle, etc. The objective remains the same : reduce your debt ratio to make your daily life easier.
The repurchase of credits, a springboard for your new projects
If you are interested in the advantages of buying back credits, be aware that the transaction is not conditioned by a change of situation. It also makes it possible to lighten the weight of the repayments of your current loans to better launch you into new projects.
In addition, you may be granted additional cash. This can allow you to carry out small projects such as a repair or a renovation in parallel with your financing. Its granting is determined by your profile.
Variable borrowing conditions, the same benefit
Whatever your income, your socio-professional category and your age, you can potentially take advantage of a grouping of your credits. Whether you are accessing the property or a tenant, you can also benefit from the operation. The latter allows you to more easily settle your monthly mortgage payments or your rent.
If you are active and have a good salary, it is not excluded that you will have trouble managing your finances. In the same way, if you have late payments, buying back credits allows you to reset the counters to zero. This last point concerns in particular young borrowers who have multiplied their debts in order to build a situation. Too many loans generate the same consequences for all borrowers.