As with most loans, credit buybacks are mainly for people with a stable income. Public servants, permanent employees and landlords who rent their property are the most targeted by lending institutions. That being it, the credit buy-back also exists.
What is a credit redemption for emergency?
As the name suggests, the Emergency Credit Buy-Back is a financial offer for people who work intermittently. Those who have a job as freelance as well as the self-employed are the main ones concerned by this grouping of debts. As a reminder, the transaction consists of repurchasing all the liabilities of a natural person to group them into a single claim. The repayment period determined according to the capacity of the borrower to return the amount that the lending agency grants him. This duration begins at 12 months and can extend over several decades.
Conditions of this financial offer
In general, the presence of a co-borrower can help to obtain a buy-back of credit for a fixed-term employee. This guarantee will facilitate negotiation with the lender when the applicant in question does not have seniority in his profession.
However, the Emergency Borrower may request a consolidation on their behalf. To be eligible for the offer, he must justify 50 hours of work per month. His temporary agency will be able to help him provide evidence of this time.
This employer should also be able to prove that the person actually has 3 years of seniority as a freelancer. Revising the details of an emergency credit pool Normally, only persons with an indefinite employment contract as an intermediary or a permanent contract will be eligible for the emergency credit buy-back.
That being said, each contract will be modulated according to the situation of the grouping applicant. The interest rate and the amount of insurance also vary according to the length of the monthly payments. The ideal would be to start on a 5-year, 60-month basis, and then renegotiate the agreement when the financial situation starts to improve.