To obtain a purchase of credits, even with a small budget
It is possible to obtain a purchase of credits, even with a small budget, obtaining this operation depends essentially on the receivability of the borrower, whether one has a large budget or a small budget.
The budget for the redemption of credits
The budget is an important part of the study of a loan repurchase case, it makes it possible to evaluate the feasibility of a project of repurchase of credits taking into account the situation of the borrower. The budget is composed of income (cash receipts) and expenses (expenses). The balance between expenses and income is paramount within the finances of a home. The borrower can in case of big expenditure resort to a credit bank, which makes it possible to smooth a debt over a more or less long duration. In case of imbalance, ie a high debt ratio, too heavy monthly payments or financial contingencies, it is possible to review the amount of the monthly payment down, by grouping its credits.
Have a small budget for a loan buyback
A small budget is a small rest to live in. The remainder to live is the sum of money remaining available once all expenses are paid. For credit institutions, a small budget is not a negative signal because the amount of income is of little importance, it is the rest to live that prevails. It is, therefore, possible to obtain the regrouping of its credits by having a small budget, a free evaluation of the situation of the borrower will make it possible to determine the feasibility of the financing. The budget will be taken into account and the proposed situation will restore financial balance.
The process of buying loans with a small budget
The borrower must first make a request online or by phone (it’s free and without commitment), taking care to specify its financial information. This first study makes it possible to obtain a reduced monthly estimate. Then the file is supported by an analyst who will request the supporting documents to validate the completeness of the file. This then makes it possible to receive several offers of credit buybacks and to select the most interesting for the borrower. After validation of the offer, the funds are released and leave room for a reduced monthly payment, which rebalances the small budget.