The repurchase of credits allows you to repay only one loan by grouping all your debts. This new loan is taken out according to your needs and repayment capacity. The supporting documents are used to assess these points in order to guarantee you an offer adapted to your profile.
Supporting documents necessary to assess the feasibility of your loan buy-back
First, the broker studies your online request based on the information you provide. Remember that this first step is completely free and does not commit you to anything: it allows the broker to perform a first analysis of your file.
If your project and your profile seem to allow a grouping of credits, the broker will contact you to request additional documents. These are used to specify your project, an essential phase to check the possibility and the interest of buying back your credits.
The supporting documents requested are, for the most part, the same as those required for the granting of a loan from a bank. Among the first documents requested:
- A copy of your national identity card
- Your last three pay slips
- Supporting documents for all your current loans
Find the list of the main documents to best prepare your loan repurchase file. In addition to being used to assess the feasibility of the operation, this information also makes it possible to find the offer to buy back loans at the most advantageous conditions with regard to your project.
Better knowledge of the file for an optimized operation
Your supporting documents give the broker all the data he needs to canvass his banking partners effectively. An in-depth study of your file is indeed essential to submit quality commercial offers and real benefits.
Why a broker for your credit buy-back? Brokerage is strongly advised for this transaction: the broker’s financial network allows many offers to compete. In addition, restructuring your debts on your own is a time-consuming process and the offer obtained is rarely the best for you.
The average drop in monthly payments was $ 530 on credit consolidation applications validated. The rates continue to drop this year, you can hope to obtain similar or even better results!