Usually, many credit consolidation structures are sold out in September. And for good reason, the start of the school year is the period of the year when the cartoons of individuals accumulate, creating an immediate need to restructure the monthly payments linked to different loans (revolving credit, work credit, bank overdraft, consumer credit, car credit, mortgage, personal loan, etc.).
For some households, the cumulative amount of these monthly payments is so high that they come close to over- indebtedness at any time. The repurchase of credits allows you to reduce the burden of the amounts disbursed monthly to repay your loans. The operation groups them into a single loan, the total duration of which replaces those of current loans, allowing you to quickly regain your purchasing power.
The consolidation of credits has many advantages.
It allows budget control and reveals a relative fluidity in terms of the rate and time of repayment of the new loan. The latter is estimated according to the scope of your debts and especially your ability to discharge them. It takes into account your standard of living, your immediate projects and imperatives, and the residual sums at your disposal. If necessary, the extension of the repayment period for the new credit will thus make it possible to reduce the borrower’s level of debt according to his earnings, up to 40%, the tolerance threshold in force in the banking sector.
For the start of the new school year?
All the indicators support the interest rate thesis on the repurchase of attractive loans. The latter now reaches a historic level of 0.05%. A resolution that will be sure to applaud the banks and pretenders to the loan. This jubilation is explained in a very simple way. Each time a bank structure agrees to legend to an individual, it must refinance with the central bank at an amount regulated by the key rate of the. An almost zero rate thus allows banks to refinance for twice nothing, with obvious repercussions for the borrower. The race to consolidate credits therefore seems to have started.
So go ahead, visit our site for a free simulation without obligation.