The very objective of buying back credit is to avoid over-indebtedness and all its vicissitudes. By reducing your monthly payments, by extending the overall amortization period and by granting you a cash reserve to cope with the unexpected, the loan repayment reassures your bank, gives you the possibility of managing your finances without bank overdraft.

Whatever your level of debt from 30% to 70%, loan repurchase provides a suitable solution by analyzing your current debt and by proposing the solution which best corresponds to your objectives and your lifestyle.

It only takes a few minutes to find out in real time the best banking solution among all the specialized banks: your loan redemption simulation is free and you can be called by phone for free if you do not wish to use the online form.

Our offer for bank overdraft and credit redemption

Our offer for bank overdraft and credit redemption

The authorized bank overdraft comes into play when a customer account does not have enough funds when it wishes to make a withdrawal. The amount of this overdraft is defined when the account is opened. The authorization of this cash facility only applies for a few days according to the agreement. Before the end of this period, he is obliged to replenish his account if he does not wish to be overdrawn.

If he has forgotten to do so or if he does not have sufficient resources or in the event of an authorized overdraft being exceeded, the bank is able to refuse his check, direct debits and bank card. He may even be subject to heavier sanctions such as the FICP file, or FCC followed by his suspension of his credit card. On the other hand, if he has replenished his account, he still benefits from overdraft without costs or agios.

Our debt consolidation offer accepts to consolidate all bank, social and tax debts including bank overdrafts. The presence of overdraft indicates a risk of insolvency or mismanagement of the account which constitutes a crippling criterion for financial organizations. But with our intervention, such profiles can rebalance their budget thanks to this debt exit. This is why we ask them to first go through the free simulation without commitment to assess the feasibility of their project.

Who is this banking solution for?

Who is this banking solution for?

The owners as well as the tenants and the people accommodated free of charge can all restructure their debts subject to meeting the banking criteria. Borrowers who can no longer make ends meet with their bank loans (you must have at least two credits), those who wish to benefit from a financial gain with the difference in rate between the mortgage and the repurchase of credit and those who wish to generate cash are all targeted by this financial transaction.

People who fear retirement or who want better management of their loans also have an interest in restructuring their loans. Note also that our banking partners accept a redemption request even if the redemption subscriber has repetitive overdrafts.

How does this financial arrangement work?

How does this financial arrangement work?

The operation of this operation is simple. A competing bank buys back a borrower’s outstanding loans from its former creditors. It combines these loans into a single loan with a fixed rate and a longer term. Instead of having several interlocutors, the borrower has only one. Instead of the old debts, the banking establishment or the financial institution carrying out the repurchase offers instead a new loan with only one monthly payment. This single monthly charge has a lower amount compared to all of the monthly payments that the borrower has paid before.

The drop in the monthly payment can go up to 60%. As we have already said, he can also add his bank overdrafts, as well as his delays in rent or property taxes and other social debts. For an amount of consumer loans including administration fees, it can group up to 100,000 USD repayable over 10 years against 200,000 USD to be repaid over 15 years as part of a buyout of conventional mortgage. The operation is classified as a real estate loan buy-back if the amount of the home loan reaches 60% of the total buy-back.

This operation, which does not require a change of bank, allows the borrower to benefit from an additional envelope called “cash”. A broker is essential when setting up this refinancing because he will seek the best rates and loan conditions thanks to his banking partners.