Upstream: prepare your loan buy-back!
The first thing to do is to be well informed. Do not hesitate to consult the specialized sites on which you will find invaluable information on the grouping of credits. You also need to take stock of your personal situation and determine your needs.
As banks do not systematically offer offers, talk to your financial advisor about your project. Thanks to his perfect knowledge of the subject, he is in the best position to support you in this process and provide you with sound advice.
If you are close to over-indebtedness, you should only have one thing in mind: quickly rectify your accounts and permanently end the difficult end of the month . This is quite understandable. We then help you succeed in your project in just five steps.
Perform a loan buyback simulation
Before considering combining your credits with another establishment, it is sometimes necessary to carry out online simulations. This allows you to determine the new monthly payments you will have to pay after obtaining a loan repurchase.
We provide you with our various tools, which are both free and easy to use.
The instruction and the assembly of your file
Then, you must build your financing file. To do this, you will need the following parts:
- Loan offers and amortization schedules for outstanding loans:
- Pay slips for the last three months;
- Bank account statements for the last three months:
- Double-sided photocopies of your identity card or passport;
Other documents may still be required after the examination and study phase.
Within 24 hours of receiving your request, an advisor specializing in the field of credit consolidation will examine it. Before giving you a clear answer, he will first analyze the feasibility and relevance of your restructuring project . This is the investigation phase of the file.
Sending your file to the bank
Once the file has been created, it is returned to the bank. This stage generally lasts two days, depending on the speed of your returns.
In addition, you will be asked to subscribe to a so-called “borrower” insurance. You will then have the choice between group insurance, that offered by the selected establishment, or individual insurance.
Upon acceptance of your request, you will receive a proposal by post or email depending on the credit institution or the nature of the offer. This step is important and requires precise information on the terms of the contract.
Receipt and signature of your loan buy-back offer
Please note that you have a minimum period to be observed from the receipt of the offer. The withdrawal period is fixed at 14 days for a repurchase of consumer credit in the form of personal loan. On the other hand, the Scrivener law provides for a 10-day cooling-off period for a restructuring of mortgage loans.
On average, this stage takes place over twenty days. The returned offers must of course neither be crossed out nor overloaded.
Your actual loan buy-back: unlocking funds
If the grouping includes a personal loan, it is up to the selected establishment to settle the old creditors once the withdrawal period has expired.
If the credits include a mortgage guarantee, the notary is responsible for repaying the outstanding credits. Payment, usually in the form of a check, is made the same day or the day after the contract is signed.
The intervention and role process
stands by your side to help you throughout this process. You can contact us during the analysis of your personal situation, as soon as you make an appointment with your financial advisor or even during the simulation.
We intervene in the search for specialized organizations which will be able to respond to your request. We have established strategic partnerships with many lending institutions, which allows us to obtain extremely advantageous conditions for your loan.
Then, we take care of mounting your file with the selected bank. Thanks to our expertise, we will choose those who are likely to offer you the best offer. It should also not be forgotten that we are there to defend your interests and negotiate the terms of your new credit, in particular the interest rate.
By using , you will have the assurance of dealing with real professionals, concerned about the success of your project, and who do everything in their power to find the offer that best fits your needs.