What is called credit redemption operation through the results found using search engines, well it is the fact of consolidating a lot of things like outstanding consumer credit or still outstanding capital real estate loan in one financing.
But it is also possible to redeem debts of all kinds, for example, it is eligible to restructure in a grouping of debts tax arrears and a family or personal debt …
Specialized banks and credit restructuring brokers have payday loan consolidation solutions https://paydayloanconsolidation.net/ for people who are badly indebted and not over-indebted!
The customer requests the characteristics of consumer loan consolidation or home loan consolidation are numerous to be the object of borrower profile over-indebted.
It should be known that the repurchase of receivables responds to the solvent borrower profiles, that is to say, who can claim to release the sufficient financial capacity to be able to face the settlements of the maturities of a said loan contracted throughout its lifetime.
As a result, if the claimant is in a situation of over-indebtedness, it is because he is incapable of claiming to be able to pay the sum due (capital + interest) to the lender. It is by definition insolvent, and may be close to personal bankruptcy!
To be more coherent in the explanation given, an over-indebted person must turn towards the Banque de France in order to file an over-indebtedness file. An approach that aims to solve the problem related to budgetary and financial problems.
Credit buy-back files that end in a favorable opinion are financial studies whose financial ratios are favorable to the creditor’s criteria and standards of acceptance (debt ratio after the transaction, residual income per person also known as residual …) and not files whose state is close to bankruptcy.
In the first case, the borrowing (s) have a hard time managing their financial budget, but they release sufficient repayment capacity to a possible financing consolidation of consumer credit or renegotiation of mortgage credit. It is simply a question of redeveloping their financial burdens and it is time for a sound and sustainable mastery of the budget.
In the second case, unfortunately, no bank can intervene on customer requests whose risk of insolvency is potentially probable. Consumer credit houses do their utmost to avoid untimely default during the amortization of the money lending contract.