If you have several credits in progress and you want to group them, that is to say, buyback credits, several solutions are available to you. You can entrust the credit consolidation stage to a bank, or to a banking intermediary, who will be responsible for finding the financial institution able to consolidate your loans.
Credit repurchase from a bank
If you have at least two credits outstanding in other banking establishments than your current bank, then you can request it to group them and thus simplify the management of your budget. The grouping of credits allows more flexibility and will bring you a monthly payment adapted to your situation (the reduction in the amount of the monthly payments will generate an extension of the repayment period). If you have experienced a drop in income due to a loss of activity, or if you have to face heavy unforeseen expenses, the grouping into one fixed-rate loan of several credits in progress may be one of the solutions.
If your bank refuses to consolidate your different loans, you have complete freedom to request a competing bank. Go to an agency to request a credit buy-back transaction. This will require many supporting documents from you and may require you to direct your accounts with it if it gives you the green light.
In general, the offers proposed by the banks are not among the most attractive. Worse, accepting or not accepting your application is not always linked to your profile, but also depends on the bank’s strategy and its current results. Finding the right bank sometimes becomes a headache. This is how an alternative appears: entrust your file to a banking intermediary who can take care of finding the best consolidation offer for you.
The role of intermediaries in banking operations
For people who are over-indebted or who simply want to be able to carry out a new project, entrusting this operation to an intermediary frees them from many constraints. You count on the expertise of a professional who has mandates with several credit institutions. Local credit institutions, subsidiaries of large specialized banking groups … in short, a real network, difficult to access if you act alone.
As an intermediary, we put together your file for you and then present it to the banks likely to make an offer. No request to change the domiciliation of bank accounts is required. Your dedicated contact finds one or more offers for you and submits them to you.
Why prefer an IOBSP?
By choosing tailor-made support and advice from an organization, rather than the individual canvassing of each bank, you benefit from many advantages:
- Thanks to an analysis of the feasibility of your project and response in principle within 24 hours, you quickly know if you can benefit from the grouping;
- We go around the market for you to find financing offers. You, therefore, save a lot of time and avoid repeat meetings;
- We negotiate for you the terms of the new loan that combines your old loans, and we also seek the best insurance. You save on all aspects.
Finding an offer is a complex operation, with tedious steps! By taking advantage of the know-how of a professional and an extensive network of contacts, you multiply your chances of making your project a success! Especially since we do not favor any particular establishment, and that we act with the sole aim of finding the best solution for your situation, in complete transparency. You can be sure of a completely neutral comparison of the offers offered by specialized banks.