Are you civil servants looking for a solution to optimize your cash flow ? The redemption of credits is, perhaps, the right option to quickly recover purchasing power. You’ve thought about it, but do you need to collect information on this concept before you engage or discuss it with a financial advisor? This post has been specially written to help you understand the principle and the interest of this financial transaction.

The redemption of credits to get out of cash difficulties?

The redemption of credits to get out of cash difficulties?

Having the curiosity to wonder about the regrouping of credits, it is to seek a solution to live in all peace financially. And for good reason, the consolidation of loans in progress in a single loan allows to offload a few euros on its monthly expenses due to repayments of its various credits from different donors. It is even possible to reduce its charges by up to 60%; a beautiful economy opening other prospects of projects.

Civil servants, even if they enjoy stable employment and job security, are not spared from the scourge of over-indebtedness. However, their professional position opens up a lot more advantages than a private sector employee. Being a civil servant is a guarantee for banks or credit institutions.
The principle of credit buy-backs for civil servants is simple: first, you need to use an online simulator to find out the advantages that this type of financial transaction can provide you before discussing it with a financial advisor. financial institution. Civil servant: learn that there are solutions adapted to your professional situation at certain banking institutions as in credit institutions. This is an asset that should not be neglected.

What do credit agencies offer for civil servants?

What do credit agencies offer for civil servants?

There are three types of possibilities:

  1. First, the purchase of loans from consumer loans, including revolving loans and unpaid loans.
  2. Secondly, the purchase of loans from real estate loans with the purchase of consumer loans. Learn that the Lagarde law requires financial organizations to offer a real estate rate if the total amount remaining to pay for consumer credit represents 60% or more of the share of mortgage. This measure is an asset for the official since the real estate interest rate rarely exceeds 5% while the rate for consumption is often between 6 and 8.5%.
  3. Third, buy home loans by offering a lower rate. Here, the official can use his professional mutual insurance as a guarantee. Thus, he will not be forced to mortgage real estate. Guaranty fees are paid by the mutual. In addition, the employee benefits from another advantage over the amount of the borrower’s insurance.

There are no specific rules on setting the interest rate by a banking (or credit) institution. As a result, we insist that playing with the competition is the best way to find the best buyout at the best rates.

The image of the official opens doors. It is, therefore, pleasant to be able to find a financial balance by taking advantage of the advantages offered by the grouping of credits. However, we wish to emphasize that the reduction of the monthly payment increases the repayment term of the loan and, mechanically, the total cost of the loan.