Buyback credit notice consumer and borrower | Loan consolidation
Numerous questions are discussed every day on credit redemption forums on different aspects of this banking product with restructuring characteristics.
The questions asked by French consumers are, for example: “Can we buy back a loan buyback? “Or” What is the response time for the instruction of a repurchase of credits? “But also” My credit redemption file refused what solution? “, And so on.
Can I make a credit redemption on a credit redemption?
Can we buy back a loan buyback? The answer is yes, it is perfectly correct and acceptable to want to renegotiate its interest rate to reduce the total cost of borrowed money for example. Or as a result of subscriptions to new credit agreements in order to reduce its debt ratio has become excessive.
However, the applicant must present through the reading of his file no financial incident and no excessive consumption behavior.
Credit redemption delay concept
It can be stated that the waiting time for a credit redemption is three to four weeks, however, the response time may vary depending on the characteristics of the client file(s).
The first point is the type of editing to be performed, for example for a buyback of unsecured loans the time is relatively shorter than for a purchase of credits with guarantee that requires the establishment of an appointment at the notary for the signature of the act, and thus be able to unlock the funds.
Credit redemption refused: what solution?
The best solution in case of request rejected by one or more banking institutions, it is first necessary to approach a professional as for example an intermediary in banking operation, also known as the broker.
The latter will analyze your situation and tell you what can be done to restore the situation as quickly as possible. If there are still banks that have not been solicited, your broker will do this to try to obtain the desired loan consolidation.
Generally, the time to be able to represent a file at a bank is 3 to 6 months depending on the lender and its receivability standards.