MonthJune 2019

Overindebted? How to buy a loan for his debts?

A few lines about the phenomenon of over-indebtedness of households in France!

Top news headlines published throughout the text of this article: ” Over-indebtedness your questions and our expert answers ! And ” How to deal with a situation of a wallet on the verge of bankruptcy ? But also the cure for curing an excessive indebtedness! “

Over-indebtedness your questions our answers!

Over-indebtedness your questions our answers!

A person, a home, everyone can find themselves financially blocking any time of its existence!

Spending and compulsive buyers

Spending and compulsive buyers

I still remember a childhood friend, his name is Marc, he was not to say always, very often in excessive debt situation. His case is not unusual, problems of compulsive shopping on credit that have led him to live hard to get treatment for addictions to expenses related to personal recreation. The worst of his money – related troubles was the compulsive purchase of shoes thinking that they were a reflection of “knowing how to dress and be a class man”.

But the problem is that this wrong or true thinking has led many times the management of its debts with the help of the Bank of France (BDF), more precisely by filing a debt overbank for bank prohibition following the clumsiness of rejection unpaid check ! Fortunately, after much effort and a financial education course as in school (memories), he was able to correct errors in budget management and get off to a good start!

Good manager and very nice

Good manager and very nice

When the profession is clearly called credit union broker, necessarily according to the professional seniority of the financial advisor, if the latter has several years of experience to his credit, then he has inevitably already had the opportunity at least once during the client file instruction whose object of the request is a grouping of credits, the profile of self too kind and which helps financially towards his relatives as a good father for example.

One day a client explained that she is still in debt for the same reason, helping her 28 year old daughter today. The latter does not cease to accumulate more or less important expenses than it assumes monetarily of itself by its own resources.

Here are some concrete examples :

  1. constantly short current account producing bank charges charged for catastrophic fiscal management,
  2. divorce from a first marriage with a dependent child and whose father abandoned them economically,
  3. personal vehicle suddenly out of service so Faginment of a new vehicle, etc.).

What to emphasize :

  • The mother has reached a debt ratio of over 80%, much higher than her monthly executive salary of € 4000, and a monthly charge of € 950 corresponding to the monthly payment of the loan to the real estate accession..
  • The girl is unemployed, and more precisely, an isolated mother at home.

Over-indebtedness file: over-indebted how to do it?

Over-indebtedness file: over-indebted how to do it?

To really know how people feel about becoming insolvent, or bankrupt individualist, you just have to live the journey! But better avoid losing the management of his Fagins, and not get sick not to sleep at night!

Free advice on pecuniary difficulties:

  1. Do not go into exile socially
  2. Talk to a trusted family member (family or trusted friend (s)) and talk to them for advice
  3. Do not ostrich creditors, get closer to each other and discuss intelligently
  4. If a bailout can get you off to a good start, try getting help by lending money. Of course, pay it back little by little, and define a payment splitting of debt while respecting the capacity of the over-indebted to pay an expense on a fixed date of payments.
  5. If the issue does not find any way out of a restoration restoring order in the management of the accounts, then it is necessary to file an over -indebtedness file with the services of the Bank of France.

How to redeem bank receivables?

How to redeem bank receivables?

The Faginment plan with the characteristics of the financial product enabling the repurchase of bank loans is the conclusion of a durable and adapted recovery in order to offer a perfect control to the good stewardship of its own funds.

The 4 questions regarding the purchase of loans and receivables

It is not uncommon for a borrower to be overwhelmed by his monthly payments. Fortunately we can rediscuss or group in case of several loans.

These two processes aim to reduce expenses as much as possible thanks to an interest rate discount or an extension of the repayment period.

What is a redemption of credits?

What is a redemption of credits?

A financial operation that can also be done by grouping a mortgage with consumer credit, personal loans, arrears of rent, overdrafts, etc. This is an offer that is a suitable solution to reduce the constraints related to the transfer of credits.

The redemption of credits makes it possible to have only one credit file. The lending institution is thus forced to reduce its interest rates in order to fulfill its obligation to the law to charge not more than a monthly charge suited to your fixed income.

The 33% debt ratio bar is not a debt restructuring index. Indeed, can be refinanced files whose debt ratio can reach 50% of debt provided that a remain to live is enough to allow to cope with household expenses daily while keeping control of the management budgetary.

Why make a loan consolidation?

Why make a loan consolidation?

With the case of continual increases in taxes (income, land), more and more households are struggling to make ends meet because of too large monthly payments cumulated. The best solution is undoubtedly to consolidate loans, but this is not always possible for everyone.

So from where the interest to address an intermediary specialized in operation of repurchase of the debts, and this in order to negotiate a reduction of the rates of credits, but also an extension of the duration of payment. The offers are often very attractive and vary from one brokerage company to another.

It is up to you to choose the one that is willing to make you benefit from an offer, the most adapted to your particular needs, because any situation of loan of money is unique.

What is a good credit redemption broker?

What is a good credit redemption broker?

In the face of the multiplication of credit redemption companies, it is not easy to choose the one to which one must turn to obtain a better result.

In France, many are indeed the credit redemption brokers Some key points need to be taken seriously to get on the good. Your broker should be willing to listen to you, reassure you and accompany you.

It is also important that it has at least regional coverage. An important asset to evaluate the price of a property. Also remember to check his experience in this business.

Then check the performance of its simulation tools. Finally, does it offer a varied range of bundled credit offers?