10 questions on buying back credits

Here are 10 questions and 10 answers associated with it concerning a credit buyback transaction.

1. Does the repurchase of loans involve a “banking file”?

No. It is a credit agreement, similar to a consumer or home loan offer.

2. Is it possible to include debts?

Yes. It is possible to add personal debts, family debts, a compensatory allowance, a cash payment, a buyout of a current account of a partner of SCI, tax arrears, co-ownership charges, etc. …

3. Is the change of bank compulsory?

3. Is the change of bank compulsory?

No. The reduced monthly payment will be debited from the account the following month, without changing the bank.

4. Is it possible to redeem only part of my loans?

Yes, we are talking about partial credit redemption. Indeed, you can keep one or more credits, such as your home loans and in particular, the employer loan or the PTZ, provided of course that the cumulative monthly payments relating thereto and that of the loan repurchase does not exceed the rate recommended debt, namely 33%.

5. Am I insured for the repurchase of my credits?

5. Am I insured for the repurchase of my credits?

Yes, all borrowings are accompanied by insurance in the event of death, disability, incapacity for the borrower and the co-borrower, depending on the situation and need.

The LCC (or Lagarde) law of July 1, 2010 gives all borrowers the freedom to choose the insurance for their loan repurchase (the Hamon law provides for a change within 12 months).

6. Can I include a personal amount?

Yes, for all kinds of needs or projects.

7. Is the mortgage compulsory for a buyout of a mortgage?

7. Is the mortgage compulsory for a buyout of a mortgage?

No. It is possible to obtain a buyout of mortgage without mortgage of the same amount and duration as a buyout of mortgage credit thanks to the bank guarantee.

There are also consumer credit consolidation operations, without guarantee or guarantee, but whose total ceiling amount is less than a repurchase of mortgage and whose maximum duration is then limited to 12 years. The monthly payment must not exceed the recommended debt ratio.

8. Can you sell your house with the mortgage?

8. Can you sell your house with the mortgage?

Yes. A mortgage does not prevent the sale or rental of the property to which it relates. In the event of resale, you have the choice between paying off the mortgage in advance with part of the proceeds of the sale, or even offering the lender a substitute mortgage on a new property providing him with a similar guarantee for the price existing at the time of the transaction.

9. Can I offer a deposit?

A mortgage guarantee can be offered if the loan amount is too large to fit into the maximum duration of loan repurchase operations without collateral and the borrower does not own a home himself or if the value is too low.

In this case, the surety, who is also a natural person with a sufficient amount of real estate on which a mortgage can be taken, will not be required, unlike the joint surety, to pay the installments in the event of default of the borrower and will therefore not be prosecuted, but his property may be subject to foreclosure and be sold at auction to reimburse what remains of the lender.

10. Up to what age can you redeem your credits?

10. Up to what age can you redeem your credits?

The loan end date should generally not exceed 90 years. 95 years for certain establishments.

What to do to get a loan from a bailiff?

Everyone may experience temporary financial difficulties, which is why even people with a bailiff can take advantage of loans. What to do to get a loan from a bailiff?

Applying for a loan with a bailiff

Applying for a loan with a bailiff

Persons with an assigned bailiff should not apply for a first-best loan. The loan offer should be selected with a thorough analysis:

  • loan amount,
  • repayment period,
  • loan company.

It should be checked whether a given company verifies the Credit Checker database, especially if the previous commitment has still not been settled and there has already been a significant delay in its repayment. You definitely should not apply for a bank loan. This solution is not possible, so there is a non-bank payday pay with a bailiff.

Although loan companies also control the financial capacity to repay their liabilities, they do so in a slightly different way. Not all of them check the client in the Credit Checker database.

The decision to grant a loan with a bailiff


The loan institution’s decision is not only influenced by credit history. Having a stable income and a small amount of debt is important for a positive loan decision.

The chance for a loan with a bailiff will be increased by the fact that the borrower has a small debt on his account, and will reduce the debt amounting to several or several thousand dollars. We have a higher probability of a positive decision when we apply for a loan from a company that has the right type of loans in its offer.

Loan bailiff offers – threats

People in financial difficulties who have a bailiff are particularly vulnerable to unsafe offers. They sound tempting, but can be associated with:

  • unclear provisions of the contract,
  • high call or sms costs,
  • obligation to pay before taking a loan.

It should be remembered that not paying attention to such aspects may worsen the situation of the indebted person. A loan with a bailiff should not be questionable.

Loans with bailiffs – payment of funds


Usually, borrowed money cannot be withdrawn to your account. The bank account is taken by a bailiff so that such a transfer would be automatically taken over against the debt. The borrower should choose a different route to transfer money to him. For this purpose, a loan for a check will be appropriate.

Thanks to it, we can collect the entire loan amount at the post office and we can use it for any purpose. Such payment is easy. Having a check from the lender, we go to the post with an ID card. We pay a check payment and we can enjoy the funds received. Home-based loans are an alternative.

Then the representative of the loan company will appear at the address indicated, verify our identity and transfer the money straight to your hand. The instant cash loan can also go to a bank account if it is to be used to pay the bailiff and it is in the appropriate amount.

Wait a minute to pay the bailiff

Anyone who intends to take out a loan to get rid of the previous debt should think carefully about their decision, so as not to eventually fall into the debt loop. The new liability should be repaid on time, the funds obtained from the loan should be credited to the account.

The bailiff will automatically collect the amount due. If you use the cash withdrawal option, you must settle the creditor directly. Instantaneous payment with a bailiff can be a salvation for a borrower and deal with unpaid debts.

Real estate project and repurchase of credit: is it compatible?


Many borrowers are asking questions about the feasibility of a real estate project through a grouping of credits, here are our answers.

Buying a house, an apartment: buying back loans?

Buying a house, an apartment: buying back loans?

The purpose of this credit transaction is to take all of the remaining capital to be repaid and to extend the repayment term, which has the effect of reducing the amount of the new monthly payment. In this configuration, an amount can be added to the financing in order to finance a project. Simply, the amount of this project cannot exceed the value of the property offered as collateral. This implies for the borrower to be already an owner and to be able to financially takes on a new substantial loan.

Some credit institutions specialize in these types of financing only dedicated to owners with a significant portion of property outstanding. For tenant households, the amount will be limited to a small project such as the purchase of a vehicle or the purchase of furniture.

A solid assembly to validate the project

A solid assembly to validate the project

This type of financing is possible but requires the use of banking intermediaries specializing in the study and research of solutions for their customers. Bank advisers are not trained for these types of real estate projects and will not have solutions to provide to their customers, simply because this operation requires specific products.

It is important to specify that the consolidation of credits can lead to an increase in the total cost of the credit, the borrower must be aware of this and do not forget to compare his situation before and after consolidation of his loans. Within the framework of this project, an evaluation of the real estate is necessary, it is advisable to specify as of the seizure of the form the value of the good in order to obtain an estimate as close as possible to reality.

Home loan buybacks: falling rates

Home loan buybacks: falling rates

This is nothing new, real estate rates are extremely low and this drop is also being propagated for mortgage buyback operations. It is more profitable to consolidate loans at this time rather than two to three years back. The financing conditions are favorable to owner households whose certain profiles (significant income) can hope to obtain rates close to 2%.

For all your steps, think of the free simulation available by following this link. It is without obligation.