To meet liquidity needs whose purpose and use of borrowed funds is for the purchase of a personal vehicle, or to undertake work to improve his home, but also for the equipment of his house or simply get cash for provider new projects, depreciable consumer credit also known as personal loan is undoubtedly the best solution for individuals.
Consumer credit: reminder!
For recall booster on consumer credit, remember that the amount of provider a personal loan is in the range of two hundred euros and seventy five thousand euros. Secondly, a depreciable consumption credit is generally at a fixed interest rate and not at a variable rate.
The amortization periods being much shorter than that of the mortgage, they can reach 180 months for the consolidation of consumer credit. The prepayment of a personal loan generates a maximum of 1% of prepayment indemnities due to the lending institution.
The use of the amount of money borrowed via a consumer credit must be used for personal and in no way professional purposes. Unlike a home loan that is unlocked in stages as the construction progresses for the payment of the artisans, the personal loan is released in one go to the bank account(s) borrower (s).
However, it is advisable to be vigilant about the use of consumer loans! To avoid the accumulation of money, borrowing with thought can keep control of its budget management and do not end up over-indebted.
Personel loan: the pitfalls to avoid!
First of all, it is important to take into consideration the particular and general conditions of a consumer loan agreement. Indeed, it must in no case stop at the communication of an advertisement or the statement of the commercial bank or the requested financial institution.
Do not forget that once the prior offer of personal credit has been accepted and signed, borrowers can no longer retract once the deadline has passed. Subscribers of the provider are obliged to repay each month the deadlines defined in the amortization table of the said credit subscribed to its balance.
Of course, when an individual uses a consumer credit, ie the amount financed by the bank is between 200 € and 75 000 €, then the latter is subject to the Consumer Code and debtors are eligible for protection.
The purchase of consumer loans facilitates the management of your outstanding
The borrowed money must be used responsibly to facilitate its management and avoid over-indebtedness. If you do not think correctly about the number of consumer credits that you can repay every month without the personal budget being unbalanced, then it is not wise to make the decision of a commitment for an additional loan to be made.
This advice applies even more if your personal debt ratio is higher than forty percent. At the risk of becoming entangled in excessive debt, putting your financial situation in jeopardy.
If, however, you have accumulated several credits, and your repayment capacity is exceeded, then we recommend that you apply for a study to obtain a purchase of urgent consumer credit.