The professionals, as craftsmen or liberal professionals, can benefit from a purchase of credits, an effective solution to optimize the expenses of credits and to perpetuate the professional activity.
Professionals and craftsmen: the credit buy-back
Credit redemption is a banking operation that allows several credits to be combined into one, the idea being to readjust the repayment installments taking into account the applicant’s financial situation. For craftsmen and building professionals, the purchase of credit can be an effective solution to optimize credit charges and face a possible need for cash. Indeed, this financing makes it possible to buy back credits but also overdrafts and various debts (URSSAF, delay of rent, tax debt …), it can also integrate a need to finance.
Proceeding to a repurchase of credit can thus make it possible to start on a better basis and especially to lower the monthly deductions of credits, facilitating a return to equilibrium with the reconstitution of a cash making it possible to face the hard blows or the periods more hollow. However, you must file an application with a specialized institution to obtain the release of the funds.
How to set up a buy-back of professional credit?
The implementation of a loan buyback can be done with a conventional bank, a credit institution or through a broker who can undertake to solicit the first two. The craftsman or the professional must submit an application for credit redemption by specifying the number of credits in progress and any late payments to be resorbed. He can also specify the amount of funding dedicated to his new project, it may be a need for cash or simply an investment in the context of the activity.
After the application has been submitted, a financial adviser checks the feasibility of the financing taking into account the different information. After validation of the loan redemption, a loan agreement is sent to the applicant, who must return it signed. It is only after the cooling-off period that credits are refunded in advance, which makes it possible to set up the month following the new reduced monthly payment and to obtain the sum of cash requested. The application for the repurchase of loans requires to provide certain supporting documents on the professional activity, for the craftsmen in the building it usually takes the last two balance sheets.
Simulate online credit redemption
Artisans and building professionals do not always have the time to devote to the financing process, which is why financial organizations make online simulation forms available to them so that they can quickly obtain a feasibility opinion. It is thus possible to file a request for the redemption of credits making it possible to solicit banks and credit institutions to obtain financing proposals. This approach is completely free and without any commitment. Note that it is possible to buy consumer loans and mortgages in this type of financing.