You have several credits being reimbursed and you want to finance a project, the repurchase of credits or the grouping of loans is the best solution.
In case of repurchase of credit if your debt ratio allows it you can benefit from a cash flow otherwise the cash flow is directly included in your new monthly payment. Cash can be free or allocated directly to your project it all depends on the amount and the financial institution that accepts your loan repurchase.
The Credit Buyout Portal brings together all of the brokers who are members of the association to help buy back credit, they work in collaboration with several financial institutions and offer you the best rates. Simulate your redemption of credit in a few seconds and an advisor will contact you within a few hours to assist you throughout the creation of your credit redemption file.
Deadline for obtaining a response to a request for the repurchase of credit or restructuring of credits
Customers who often make a request for redemptio of credit wait until the last minute to try to renegotiate their various consumer and real estate loans so they are in a panic and seek an immediate solution.
You have to know There are no miraculous solutions like all credit requests, there are steps to follow before the funds are made available and everything also depends on your responsiveness to send the list of documents requested. But after an online simulation, in a few minutes you can have an immediate response.
With the members of the association, assistance in the repurchase of credit and real estate financing in the event of a favorable response, we study your file together in all objectivity, moreover it may sometimes be that you are told that you have a favorable response but it It is not good for you to make this repurchase of credit because the amount saved is below 150 $.
In case of refusal also we try to find the best solution for you at no cost: support you to build an over-indebtedness file if it is the best solution or other steps to follow within our association.
The different stages of a credit buy-back request:
After filling in an online form, in a few minutes you will receive a solution (Favorable or unaccompanied with precise explanations of the reason for the refusal).
Once the form has been studied, you will receive a list of attachments by email.
Once the files have been received (by email, fax or post), your file will be studied immediately.
After studying your file internally, we take stock with you before sending it to the bank.
Once the file has gone to the bank, the partner may sometimes ask us for additional documents so we will contact you to inform you.
When we return from the bank, we have a final answer, the bank’s offer will be sent to you directly by mail.
Upstream we take stock of the insurance delegation with you, as it is often more attractive than that offered by the partner bank.
PLEASE NOTE: In the context of credit repurchase, everything depends on your responsiveness in sending the requested documents. If the file is complete we can have an answer within a week.
Buy back credit to finance a new project
When you have several consumer loans with different monthly payments, managing your budgets becomes difficult and complicated, which gives you a high debt ratio.
To finance a new project, the repurchase of credits allows you to balance your balance between your income and your expenses thanks to the regrouping of your credits in progress in only one loan and can include if your debt ratio and the rest to live the allow funding for a new project.