A broker is a person in charge of connecting one (or more) client (s) with a bank (or a financial institution). The credit buyback broker is specialized. He works with banks specializing in credit redemption.
Why ask for help from a broker?
He will take charge of building up your credit union file by listing all your personal loans and debts in a comprehensive manner. The credit broker will then apply for a loan from the various banks specialized in the sector of loan buyback. Your steps are thus simplified. You have one contact who deals with your credit application.
We are familiar with the criteria of the banks in question and their limits for granting credit redemptions.
Can a broker claim a fee?
No. No payment of any kind whatsoever may be required of an individual before obtaining one or more loans of money. The law is very clear in this area, you should not pay anything to your credit redemption broker before setting up the loan.
When the loan buyback is financed, at that time, the broker’s mandate included in the financing is paid to the broker directly by the bank (or by the notary if the credit consolidation is mortgage). Flee brokers who charge you a fee before the loan is put in place.
A broker can suggest what types of credit?
A mortgage purchase will only be offered if it is not possible to consolidate your consumer credit over a maximum period of 15 years. We then envisage 2 cases:
– keep the current mortgage and offer a loan buyback with a 2nd rank mortgage
– take back all the credits conso, loans including the mortgage with a first rank mortgage
After several credit simulations, we offer you the most economical solution for you and the one that substantially reduces your debt.
The repurchase of credit without mortgage is possible on a maximum duration of 12 years for the tenants (or hosted) and 15 years for the owners (or buyers).
You can fill out an online credit redemption request, your broker newpret.com is there to take care of your file for free and in all confidentiality.