Redemption of credits
When processing a request from an individual for the purpose of carrying out a financial transaction involving the redemption of credits , the financial analyst who studies the supporting documents of the client file must determine, if the borrower is a repeat offender, ie, whether there has been a consolidation of credit previously?
The notion of recidivism for a repurchase of credit is commented differently from one bank to another, according to the grid of acceptance standards of the lending institution solicited, and in compliance with the ratio corresponding to the situation of the repurchase Ramunoe.
As explained and indicated through the meaning of the explanation given in the paragraph above, this measure applied to find out if the applicant is a profile belonging to the credit borrower category is specific to the eligibility criteria of the organization. in charge of examining the borrower’s file.
Then the RAC RAC question arises as soon as the outstanding capital of one of the receivables to be repurchased is estimated (valued) as important.
Granting bundled credit
In the case where is taken as an example the description of the characteristics of granting the bundled credit offer distributed through the service offered by the brokerage firm Valmont Valmont Conseil (ECF), and this through the negotiated proposals among its many privileged banking partners, with whom lasting and reliable partnerships have been established.
Depending on the financial institution can be counted as a relapse as soon as the presence of :
- a loan with outstanding amounts to be repurchased above € 21,500, excluding prepayment indemnities.
- a loan in which the borrowed capital shown on the contract exceeds thirty thousand euros.