Credit redemption is a transaction that consists of substituting a single credit for several existing credits. It is possible to purchase all sorts of loans: real estate, consumer or renewable, in order to obtain only one monthly credit adapted to your budget and accompanied by a single loan insurance. As part of your loan repurchase, you can also include various debts: tax, family, late payment of co-ownership, bank overdrafts, additional cash (inheritance tax, studies of children, work ...).

Who is the redemption of credits?

The purchase of credit is addressed to all, regardless of its socio-professional category. National Loan puts its skills at your service. Enjoy it. The practice of buying credit is booming thanks to historically low interest rates.

Where to turn and to whom to turn for a redemption of credits?

The main distributors are credit brokers and financial intermediaries. They work with all financial institutions on a national basis.

I am over-indebted. Can I redeem my credits?

For a long time stigmatized, the redemption of credits is still associated with over-indebtedness. Yet over-indebtedness is precisely one of the conditions for the inadmissibility of a loan repayment file. So, act before it is too late to regain a healthy and serene financial situation.

What happens after a redemption of credits?

Once your redemption of credits carried out, everything does not stop there. It is better to relearn to manage your personal finances and to chase the bad habits that have led to the bad debt. Your National Loan Financial Intermediary is interested in both the purchase of credit and post-repurchase credit and helps you with coaching services tailored to your situation.

The purchase of credits: advantages and disadvantages

Monthly payments can be reduced by more than half. The redemption of credits makes it possible to provide a solution to the cumulative appropriations and the associated risks of insolvency. It increases purchasing power without falling into over-indebtedness. The purchase of credit therefore makes it possible to act before it is too late to regain a healthy and serene financial situation. This, however, must remain an exceptional operation. A credit commits the borrower and must imperatively be repaid.

The redemption of credits also has certain disadvantages which must be taken into account. The decrease in a monthly loan may lead to an increase in the duration of the loan and increase its overall cost. Thus, it is important to pay more attention to the cost of your redemption than to the rate that will be offered.

On the other hand, some fees are applied and must be taken into consideration. These include early redemption, warranty and brokerage fees (from € 0 to 1% of the amount of the credit). These costs must therefore be analyzed. The help and advice of a financial intermediary such as National Loan are not too many.

Thanks to the National Loan for these tips.