While consolidating loans into repayment into a single new loan provides loan holders with new budget management, it is common for our financial advisors who specialize in handling client records to individuals whose purpose is to redeem a pool of credits previously subscribed.
To understand the grouping of credits how does it work!
The principle of a credit pooling operation works in such a way as to provide better budgetary management to the debtor of one or more receivables.
Manager of his own bank account, the individual must be able to manage all bank movements while maintaining control of the latter(s).
So, when for various reasons(too many credits, tax arrears resulting in unpredictable DTAs, fees for the rejection of the levy and intervention fees that come to dig the bank overdraft, etc) the management of the account(s)) is unbalanced, it is recommended to consolidate its credits.
Indeed, that allows settling all outstanding debts and debts to make a single new loan with a single monthly payment adapted to the repayment capacity of the borrower(s).
Is the repurchase redemption of loan possible?
To undertake a repurchase operation is to want to restructure several credits of which one of them is already itself a redemption of credits.
Although this operation is possible because all banks buy repurchase offer in their panel of products of redemption, a plan dedicated to the repurchase redemption of credit.
However, the acceptance standards of this banking product are less flexible than that of the first redemption.
For example, the presence of arrears should not appear and the number of new loans contracted is capped, the rate of debt before redemption is set in the same way as that after redemption.