Redeeming Credit Over Indebtedness – Balance Budget
Over-indebtedness refers to the situation of a household that does not have the financial possibilities to raise their non-professional debts. The problem does not arise on the income side. Rather, it is an imbalance between revenues and expenses due to expenses such as loans, rents, etc. It is therefore possible to resort to the purchase of credit to restore the balance of the budget. Do not wait until monthly loan payments spoil your budget. Act as soon as your over-indebtedness is light or moderate. Thus, you will still have the chance to benefit from a grouping of credits. The debt ratio for a particular light debt is tolerable effect because it is between 33 and 40%. It is still possible to make a readjustment of the budget through a loan buyback. The debt ratio, which corresponds to moderate over-indebtedness, is between 40 and 50%. Credit buyback can still get a positive response from lenders, especially for homeowners. Heavy over-indebtedness corresponds to a debt ratio exceeding 50%. The best solution would then be the over-indebtedness file.
The purchase of credit in case of overindebtedness will bring maximum benefits if you use time to a specialized agency in the field.
Why use a credit redemption in case of over-indebtedness
The credit buyback consists first of all to collect the different loans in one, the monthly payment of which is lower than the sum of the previous ones. The goal is to have better budget comfort. This banking offer is efficient because of its fixed rate and an extended duration of repayments. Since you only have one loan to manage, it gives you a clearer overview of your monthly expenses. It will be easier for you to organize yourself and to envisage the future in a more serene way.
Determine your over-indebtedness rate
However, before deciding, evaluate your situation. Use our simulator to analyze your debt ratio. On our site, you also have a comparator. This tool will show you the best rates and credit redemption organizations that are right for you.