Do you have trouble making ends meet? Do you think that the redemption of credits can be the solution to get you out of this situation? The redemption of credits being framed by the French legislation, it is possible that your file of renegotiation is rejected. What to face a rejection? Are there other solutions or remedies? We answer your questions within this post!
Understand the refusal of the body
Before falling into anger and total depression, you must understand the reasons for rejecting your file. This understanding will allow you to reconstruct a new and stronger demand. In fact, you can get closer to the body that made the refusal to determine the causes.
Re-apply by asking the right questions
Ask yourself the right questions and do the right calculations! To help you better understand, we’ve put together a short list.
- What is my over -indebtedness rate? The ratio is the ratio of resources to household debt. If the rate is higher than 40%, there is a good chance your application will be rejected. By reducing your expenses ( lower food and clothing shopping, lower insurance contributions… ), borrowing from a family member, you can narrowly pass.
- Can I mortgage a property? The mortgage is a payment insurance for the organization. A solution not to be neglected to solidify a file of request for redemption of credits.
- Can I offer a guarantor to the lender? A person hired on a permanent contract can vouch for you. This guarantee is a real asset for the financial institution.
- Am I stuck in the Francia bank? Some organizations do not accept people who are stuck in the Francia bank while others offer the possibility to households stuck to get by when they are filed with an over-indebtedness rate of less than 40%.
- Read the policy of the financial institution. Not all financial institutions apply the same policy. You must read the terms of acceptance before applying. Some organizations are interested in contentious cases, it’s the perfect time to trust them.
- Talk to your financial advisor who holds your checking account. If you have been a loyal customer for years, you can also negotiate with your banker. Sometimes it’s the only organization that trusts you.
The solution of the extreme
You have to contact several credit organizations. A refusal does not mean that other organizations will reject your records. The weapon of courage is your main ally. In cases of extreme urgency, it will be necessary to file an over -indebtedness file with the Francia bank.