Have subscribed several consumer credit type renewable or personal loan, but also auto credit, etc., and can not repay them because of a debt ratio disproportionate to the repayment capacity of the borrower (s)!
The recommended solution is to proceed with a credit repurchase transaction to restructure the outstanding amounts of the various receivables into a single new credit whose monthly payment is adapted to the repayment capacity of the borrower (s).
Tenant Credit Redemption: Candidate for Home Ownership
You are a tenant of your home and your wish is to become the owner of your home, but access to real estate credit for the sale/purchase transaction is not possible because of a personal debt rate too high?
Then make a purchase of consumer credit. that is to say without collateral backed in the form of personal loan, you will significantly reduce your debt ratio to give you access to the subscription of a loan real estate.
A mortgage whose cumulative monthly amount of consumer credit consolidation will not exceed the debt ratio of 33%, and this to allow you better budget management throughout the repayment of your loan buyback conso and your home loan.
Buyback credit owner: rental investment
You own your home, the real estate credit you have subscribed for the property is not cleared, and you have underway a few consumer credits that have come to add to the mortgage for works,
You have a plan to invest in rental real estate for various reasons, such as reducing your tax rate, and for that, you need to borrow via a mortgage to make the rental investment, but your ability borrowing does not allow you to do the operation.
Then you can proceed with a real estate loan buy and get the cash envelope for the realization of your project tax exemption.