As its name suggests, a redemption of credits is the consolidation of credits. This solution offers better management to people who have taken out too many loans in order to reduce their monthly payments. To do this, simply make an appointment with a credit professional or a bank branch. This system is accessible to any borrower, whether private or professional.
The French are often in the habit of taking out a credit for each purchase. Some of them do not even estimate the monthly payments to come. For others, they have resorted to credit because they are in a change of financial situation and can no longer assume excessive monthly payments.
Hence the need for a repurchase of credits since thanks to this system, borrowers can carry out a consolidation of credit or in other words consolidate all their credits to have only one monthly payment. It is a solution that not only optimizes financial management, but also a means of staggering credits and reducing monthly payments. As a result, the borrower can then have a little more money to supplement their end of the month.
Thinking of consolidating your credits? In this case, all you have to do is make an appointment with a bank adviser or a credit specialist. Once done, explain your situation to them by giving all the elements that allow them to calculate as accurately as possible in order to see the necessary monthly payments that you must pay each month. It should be noted that the documents necessary for the assembly of the file vary from one to the other according to the establishments concerned.
And also, be aware that it is interesting to make a comparison of offers from different professionals because insurance, interest and administrative costs may be different from one another. Once your loan is accepted, the organization or the professional who will take care of your file redeems your debts. In the end, you only have one credit left. This reduces your monthly payments by up to 60%.