If you want to redeem credit and you do not know which bank or financial institution to choose, the credit redemption simulator is convenient and can help you in your research. The simulator saves you a lot of time and allows you to find the best proposals online via a device connected to the Internet. It also helps you make your choice at your own pace from your home or office without moving.
The use of the credit redemption simulator does not require any fees. Which makes you save considerable money.
What is the redemption of credit?
The repurchase of credit (or restructuring, consolidation or grouping of credit) is a system of loan which aims at finding a solution to an excessive indebtedness. The purpose of the credit redemption is to correct and reduce the amount of monthly repayments of a loan. This system therefore allows the reduction of monthly payment and the increase of the repayment period.
The credit surrender solution allows one or more existing loans to be substituted by a single credit and at a lower rate if possible but which is amortized over a longer period of time according to the monthly income of the borrower. All individuals can look for a solution that can help them and that can get out of their debt.
The credit buyback is divided into several distinct types, namely: the tenant buyback (several consumer loans), the real estate purchase (real estate loans and consumer credits), the purchase of professional credit and the purchase by purchase or by sale.
Benefits of credit redemption
The repurchase of credit is a solution to the indebtedness of individuals. By using this type of loan agreement, they can spread the repayment of various loans (consumer credit, mortgage, personal loan, …). All these credits are contracted in one personal credit and the repayment amount can be reduced according to the monthly income of the borrower. With this decrease, the repayment period increases.
With the repurchase of credit, the borrower has a rate and a fixed monthly repayment amount.
If the borrower chooses to buy back his credits at the beginning of repayment, he will pay less interest. Loans that are almost repaid should not be included in the repurchase of credit.