The repurchase of credit also called credit grouping is a financial operation accessible to any natural person having contracted one or more loans. Civil servant, liberal employee, tenant, or owner can claim a repurchase of credit.
Private or public employees
In principle, the repurchase of credit is open to any natural person who has one or more credits, having a stable financial income. Employees working in the private sector, as well as workers in a public administration can apply for credit repurchase.
As the repurchase of credit is essentially based on the amount to be repaid, the debtor’s repayment capacity will be one of the conditions required to access the repurchase of credit. Insofar as the applicant has the resources necessary to constantly settle the maturities, the debtor will be eligible for the repurchase of credit.
Seniors and retirees
Retirees and seniors can also recover from credit consolidation. Retirement can be synonymous with loss of resources, however, a specific credit buyout allows people who are retiring or preparing to retire to benefit from a credit buyout at advantageous rates.
For this elderly population, credit pooling is granted to people 60 and over. However, the age of the borrower should not exceed 80 years when the credit ends. This debt restructuring will allow seniors and retirees to review their purchasing power increase despite their decline in resources.
Other specific cases
Certain specific situations may also be the subject of a loan buy-back. The owner of a property, a lessor or an occupying tenant can also resort to the repurchase of credit. Among the specific cases of loan repurchase, civil servants are among the beneficiaries of the credit consolidation.
It is the same for people working in the liberal field who also have access to the repurchase of liberal professions credit which will allow them to cover their professional and personal debts at the same time. General practitioner, lawyer or service providers can take advantage of the credit consolidation system.