Credit redemption: how to prepare for retirement?

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Lower your debt ratio, reduce your monthly payments, prepare a new project… The credit buyback can meet several needs. Among these, there is one of which we speak less: the preparation of the transition to retirement.

Why group your credits?

Why group your credits?

First, what is the redemption of credit? This transaction, also called debt restructuring, loan consolidation or refinancing, allows you to consolidate all your loans and debts into one loan. Bank overdrafts and tax arrears may also be included in the transaction.

Consequence: you pay only one monthly payment and you reduce your level of indebtedness. Better, with more budget available every month, you find a new investment capacity to eventually start a new project (a real estate acquisition for example).

There are two types of repurchase of credit:

  • the purchase of consumer credit: the operation only includes consumer loans;

  • the purchase of real estate loans: all loans are redeemed, real estate and consumer. The operation is secured by a mortgage.

The Credit Guide Board
Are you interested in a loan consolidation? Before making your request, do not hesitate upstream to perform a simulation of credit consolidation.

Prepare for retirement by consolidating loans

Prepare for retirement by consolidating loans

The link between retirement and the repurchase of credit? When an employee abandons active life, the retirement leads to a decrease in his income. A drop that can hurt if he already had difficulties to finish his ends of the month.

This is where the credit buyback comes in. Remember, this operation allows a household to reduce its debt ratio. As part of the transition to retirement, your new fiscal capacity will “offset” the decline in your resources.

Credit redemption: offers dedicated to retirees

Credit redemption: offers dedicated to retirees

Some credit repurchase companies offer retirement solutions. The particularity of these offers is that they rely on a tiered refund system. In summary, you buy a credit surrender when you are still “active”, then at the time of retirement, monthly payments adjust to the decline in your income. This type of offer is generally offered from the age of 50.


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