Credit repurchase: how to be accepted?

 

If the reduction proposals of -60% on the monthly payments announced by the banks and the credit organizations are attractive, it should not be forgotten that a repurchase of credit requires an acceptance of the lender, here is how to be accepted.

Getting accepted for a credit buyout

Getting accepted for a credit buyout

It is not easy to get accepted the first time for a loan buy-back request because several stages occur during an online request. The first being the loan buyback simulator, it is a tool that offers an automatic and rapid study of the borrower’s situation. If the latter forgets information or fails to declare one, the feasibility may be called into question and therefore a refusal may be pronounced. For example, forgetting income, incorrect amount of a monthly payment or even adding unrequested charges can lead to a negative simulation.

The second stage is the study by the counselor, the latter affixes a human appreciation and therefore it is possible to discuss with this counselor to try to obtain acceptance of the file. The assessment made of a file is based on the information entered in the credit consolidation simulator, but it goes without saying that it is necessary to have a discussion with the applicant in order to benefit from explanations on specific points. , it is precisely for this reason that financial organizations systematically call the applicant following a financing study filing.

Credit repurchase: advice for acceptance

Credit repurchase: advice for acceptance

First, it is advisable not to focus on a single organization, that is to say that a bank will for example have its own criteria and therefore, it will not be able to go beyond its own criteria , which narrows the range of possibilities. It is therefore advisable to contact other types of organizations, but you must be able to identify them because it is not always obvious. This is why comparators offer simulators allowing you to obtain up to several offers for the repurchase of credits that can come from banks, brokers and credit institutions. The competition between these different establishments allows a quick overview of all the solutions and therefore maximizes the chances of obtaining acceptance.

The second tip is to carry out a credit buyback simulation online, using the full simulator available. The advantage is that the latter has all the necessary information that can be put forward to guarantee a complete study of the borrower’s situation because a partial approach generally leads to non-acceptance of the file. It is therefore necessary to be cunning, and not to hesitate to multiply the steps to benefit from a grouping of its loans.