Tenant Credit Redemption – Best Rates
Intended primarily for “non-homeowner” borrowers, the Tenant Credit Buy-Back is a banking transaction that consolidates multiple loans into one with a single maturity that is tailored to the borrower’s finances and budget.
Repurchase of credit for tenant: the loans concerned
Considered as a banking operation in its own right, the grouping of loans for borrower leases concerns all types of consumer loans: revolving loans, loans allocated for the purchase of a good or service, personal loans or the work loans. This banking transaction may also concern certain mortgages such as rental investments or second home financing under certain conditions. Other debts such as overdrafts, tax arrears, rent delays, and family debts can also be repaid. In addition, it is good to know that as part of this banking operation, the subscriber can request financing for a new project. The amount of this new funding is determined based on the borrower’s needs and repayment capacity. Why make a tenant loan redemption?
The repurchase of tenant credit can be requested for various reasons and varied. However, the main motivations must depend on the financial situation of the borrower, his needs and his projects. In the details, this type of financing makes it possible to considerably reduce the number of its monthly payments and adapt it to its finances. It makes it possible to prevent a situation of over-indebtedness and bad debt, to finance a new project (vehicle purchase, travel, works) without further degrading its debt or increasing the number of its future maturities. Opting for this banking operation also simplifies the management of its finances. In fact, with a single credit, the borrower will receive a single withdrawal from his bank account. Tenant loan consolidation can also restore financial serenity, return to a reasonable debt ratio or return to borrowing capacity.
Repurchase of loan for a tenant: what Credit provider proposes to you
Mandated by the major financial institutions, Credit provider specializes in loan consolidation offers, especially for tenant borrowers. With its experience and its ISO 9001 certification, Credit provider offers, as part of your lease repurchase project, to consolidate in one all outstanding amounts for a total amount between 1,500 euros and 100,000 euros, d spread out your repayment term up to 12 years. This specialist also proposes to make your debt ratio reasonable, between 30 and 50%. To know that the repurchase of loan for the tenant is subjected to the legislation which frames the consumer finance. As a result, this banking operation is not subject to a guarantee (mortgage, guarantee).
Good to know, a waiver can be requested if the amount exceeds 100 000 euros or if the debt ratio is well above 50% of your net income. In any case, if you are not eligible for these criteria, you should know that Credit provider is able to offer you other credit redemption offers to allow you to reorganize and optimize your finances. In addition, Credit provider also offers you a free redemption of renter credit. This allows you to know, with the award criteria and current rates, what are the offers you can claim. This free, non-binding simulation also allows you to preview the amount of your future monthly payments and to evaluate the effects of such an operation on your finances.