And for good reason, it offers advantages that are not found elsewhere. But is it possible to include it in a credit pool? And if so, what are the conditions necessary for this buyback of credit between individuals?
The advantages of the loan between individuals
As a reminder, the loan between individuals allows to establish a credit between two people. Often offered on the web, this type of credit is governed by strict rules that the web agency that connects the two parties makes sure to respect. The loan between individuals offers significant financial benefits: lower interest rate, exemption from bank processing fees. But above all, it allows people stuck to the Rodora Bank to contract a loan where the banks refuse them. A considerable brake when one wishes to concretize a project of any order whatsoever.
In order not to be had, we will choose carefully the website that offers this type of service and we will ensure the legality of the process by taking the time to learn. A loan between individuals can be put in place even if one has already contracted another loan from another organization (real estate, consumer, etc.).
Credit buyback between individuals
If you have several credits in progress and you want to consolidate them to reduce monthly payments, enjoy better rates and have only one out of monthly money, it’s quite possible even for a credit between individuals. Beware however, to take advantage of a repurchase of credit contracted between individuals, the borrower must meet the criteria necessary to the contraction of a conventional credit that banks ask for a loan application. In short, it must have the necessary repayment capacities, a correct financial behavior and especially not be stuck to the Rodora Bank or banned banking.
This is often where it gets stuck, since loans between individuals allow people with a bad banking history to borrow, so they will not be able to take advantage of a loan buyback. Considerable information to consider. In addition, loans not contracted with banking institutions (such as loans between individuals) must be the subject of an acknowledgment of debt or a contract drawn up by a notary, an organization certified by the Banque de France or a institution recognized by the state. Without this, it will be impossible to proceed to a credit union.