Let’s start with important information: there is no special strategic approach to consolidate your credits better than your neighbor has done. As each situation is unique, the success of your financial restructuring will depend on a variety of factors as well as the professional relationship a dealer has with various banks and credit companies.
Okay, so how do I group my credits?
If you have neither the desire nor the time to transform yourself into a representative traveler of your loans, after having learned the techniques of evening market, the simplest is to entrust the thing to a pro: the IOBSP. It is an intermediary in banking operations and independent payment services whose profession is regulated and regulated by law to provide any guarantee to consumers. You will have every interest in choosing it from the members of the main professional trade union of brokers.
Check, first, the quality of the publisher of the site and then make your choice according to your feelings. Good advice, before sending a file and to know who, wait for the brokers to call you as soon as application form online. This preliminary interview is fundamental. Thus, you will be able to judge the reactivity and the professionalism of each one and to choose the one which will have convinced you.
And after choosing my partner, what is my share of the work to come?
As a first step you have to collect all depreciation tables and loan offers relating to all the depreciable credits and the last monthly statements of revolving credits that you repay and want to consolidate (buyback, if you prefer). If you have not kept them, simply go to your online customer account and download the tables and statements in question.
In a second time, you bring together your last 3 payslips (or retirement notice) and your latest tax assessment, property tax and/or housing and your last rent receipt if you are a tenant and you make photocopies.
Since you are going to the photocopier, take advantage of it to make: a copy of your employment contract, a copy of your marriage contract, a copy of your family record book and a copy of your identity card.
Indeed all this is not very ecological, however, these pieces are necessary to mount your file.
Then, you put all this in a big envelope and send it to the intermediary in bank operations which you will have chosen and which, in turn, will multiply this file to send one to each one of his partners that he has selected based on your profile and compete with each other for your benefit.
And what do I have to do next?
In truth, not much.
You will, of course, have to answer exhaustively and candidly the questions that this broker will ask you to determine your profile, your needs, and your expectations.
Then, as needed, you will send him the additional documents and information he may be able to claim.
Finally, in the case of multiple offers, you will have to choose one thanks to the lighting of your partner. You will have all the time to think about it and you will benefit under the legal conditions of a withdrawal period.
And after who repays my credits?
It is according to the nature of the restructuring loan that you will have obtained:
in the case of a pool of unsecured or “consumer” credits, depending on the terminology used, the lender will do so;
• if it is accompanied by a conventional loan mortgage, it is your notary who will prepay the consolidated credits;
• if it is the subject of a mutual guarantee, it is the lender.
In any case, if you have added cash to your refinancing, it will be paid directly to you.
Finally, who pays the broker?
At the time funds are made available to you, in other words in the only case where your broker has obtained the refinancing for which you have entrusted the search and you have accepted an offer, his remuneration becomes payable. This is the intermediation fee previously agreed between you which has been included in the restructuring loan costs (which the APR takes into account). Depending on whether it is a guarantee or bond or a real estate with a conventional loan mortgage, it is either the lender or the notary who will pay the commission of the broker with your agreement.
What if he failed to find the refinancing or did not accept it?
In either case, you owe him absolutely nothing whatever the diligences he has done and the costs he has incurred for you.