The French have an unfortunate tendency to believe that overconsumption of consumer credit is the main cause of over- indebtedness. The studies conducted by the Banque de France show that this belief is false. The main reason for overindebtedness is unpredictable life accidents such as divorces. How to deal with expenses related to a separation of the couple? Is the redemption of credits a good solution? This ticket accompanies you and explains how to get by financially after a divorce.
Before discussing the solution of the purchase of credits, it is good to make a small point on the situation. Before a separation from body to fact, the couple shares his income, but also his expenses. The income being more important, the couple invests. It invests in movable property as in real estate. Home ownership is one of the priorities of a couple. During the contraction of the mortgage, the two mergers sign their signature on the loan agreement. They undertake, therefore, to pay the monthly payments. When the couple explodes, you have to share assets and learn to rebalance a budget. The property can be put up for sale to settle the common property credit in progress or one of the two can buy the share of the other. In this case, the purchase of real estate loans can be very useful.
The purchase of mortgages after a separation
It must be realistic, the separation will reduce your purchasing power. It is therefore necessary, despite the painful situation to find solutions to optimize its budget.
- The first idea is to turn to social organizations so that it opens you rights ( help for the payment of the rent for example or a help for the complement of health ).
- The second idea is to lower your expenses by changing your insurance ( home and vehicles ). The Hamon law allows the early termination of its contracts provided that a new insurer. This new law is very useful for real savings.
- The third idea is to ask for financial help from the credit organizations by putting the credit redemption solution into practice.
The redemption of credits; What is that ?
It is normal to ask questions about the operation of the purchase of home loans. This solution offers the possibility of renegotiating the amount of the loan, the rate and the duration. This renegotiation reduces the monthly payments and, by deduction, optimizes the budget and increases the purchasing power. To qualify, you must apply to a financial institution that will study the case with the greatest attention. The request for redemption of credits is not always accepted. In this case, it should be noted that the excessive debt ratio is the main cause of the discharges. In addition, organizations invite you to mortgage your property ! This possible solution is to accept that if you have the financial means to make the refund.