There are credit repurchase solutions for seniors, an effective solution to anticipate retirement or to financially reorganize your life from senior to retirement.
Senior credit buyback: principle
Credit consolidation involves combining several loans into one, which reduces the amount of monthly payments. For this, the repayment period is extended and the new loan contract is based on a single rate. It is possible to collect consumer credits and home loans, it all depends on the situation of the senior household. In addition, an amount dedicated to a new project can be added to the funding.
This solution is highly coveted before retiring because this stage is often synonymous with reduced income. The repurchase of loans for senior then makes it possible to readjust the amount of the monthly payments to the capacities of repayment of the household. It is necessary to start the steps upstream because it takes between 15 days and 3 months (if the borrower is not reactive) to have the funds of the loan buy-back. Thus, the ground is prepared and the transition to retirement is done calmly.
It is always possible to consider combining your credits after retirement. This solution will rebalance the budget and add an amount dedicated to new funding. This addition can lead to an increase in the total cost of the loan but will avoid taking out a new consumer loan in the months that follow. This amount can be used to finance a project such as carrying out work, buying a vehicle or even fitting out your property.
Senior: free study of the repurchase of credits
It is possible to simulate your own credit grouping, which allows you to preview the amount of your future reduced monthly payment. Simply fill out the request form on our site, it’s completely free and without obligation. You will receive the quantified result of this simulation as soon as possible and you can then decide what to do next. Good to know: no amount of money can be claimed from the senior household before the loan offer is signed. So what are you waiting for?