In France, many institutions offer credit redemption solutions. What criteria should be used to choose the best bank?
To better manage your budget or get out of a situation of overindebtedness, it may be wise to set up a buy back credit. But how to choose a bank or a broker for credit redemption? What are the pitfalls to avoid ? All the explanations.
Choose your main bank to redeem your credit: good or bad idea?
Requesting a loan consolidation at a bank where you already have an account or other financial products can be advantageous. Indeed, this establishment can make you an offer cheaper than those of the competition.
Credit buy offers abound in the market. Before accepting the offer offered by your main bank, do not hesitate to compare offers using an online tool. It should be known that half of the organizations specialized in the repurchase of credit are subsidiaries of big national banks. Unlike other players, they offer relatively similar rates.
The choice of your establishment must be made according to several criteria: the announced APR, the amount of the expenses of file, the duration of the repurchase of credit and its cost. All the terms of the contract must be studied as well as the financial penalties in case of early repayment or non-compliance with the notified clauses.
Credit Redemption: Should You Turn to a Broker?
It is also possible to turn to a broker geared towards credit redemption activities. This professional who has a perfect knowledge of the banking market can make you benefit from more advantageous rates. It can also provide support and personalized advice throughout the subscription phase. Finally, through his intermediary you will gain valuable time since it is responsible for comparing offers for you.
It is important to choose your credit redemption broker by checking their registration in the single register of intermediaries in insurance, banking and finance (ORIAS). More specifically, two categories of brokers can help you get the best credit buy offer: independent brokers and brokers belonging to a larger network. To choose the right broker, rely on his experience and the extent of his network.
Before using a broker, you can use a comparator of online credit buy offers. Free and without obligation, this tool gives you an overview of the rates charged by banks and credit organizations.