A contractor in a professional position can fully benefit from a repurchase of his credits, two operations are also to distinguish: the repurchase of mortgage and the regrouping of loans.
Credit buyback for a liberal professional
The repurchase of credit is a banking operation allowing a liberal professional to resume his credits in order to negotiate new terms of repayment. This operation can take two forms: the repurchase of real estate credit which is concerned only with the outstanding real estate and which makes it possible during a fall in rates to make solid savings, it is simply a matter of negotiating a more advantageous rate, this which reduces the amount of interest.
The second operation is the pooling of credits, that is to say a financing allowing to redeem several consumption credits (and real estate if necessary) to lighten the amount of the monthly expenses. In the context of a liberal profession, the repurchase of loans makes it possible to reduce the amount of the personal monthly expenses and to be able to better manage its budget, and in particular its remuneration as manager. Business expenses can sometimes be confused, so it is easier to have a single reduced monthly payment adjusted to the repayment capacity.
Liberal profession: how to get a credit redemption?
The first step for a borrower being a liberal professional is to apply to an institution accepting these types of files. Not all banks have the necessary skills to deal with this type of file because it is necessary to study the professional situation and to master the professional financing studies, which is why it is advisable to use online comparators of redemption of credits. These comparators make it possible both to save time and to solicit structures controlling financial operations for the liberal professions.
In the case of a file of this type, it will be requested at least the last two balance sheets and an excerpt Kbis, these professional documents to validate the income and the professional situation of the applicant. Beyond this, the statements of account and the supporting documents of the credits will make it possible to supplement the financial information of the file resulting from a repurchase of loans. Good to know: Loan buyback can be used to include a cash flow to meet a business need, a tax burden, a vendor debt, or any other financing need.
The benefits of credit buy-back in the liberal profession
If the lengthening of the repayment period can lead to an increase in the debt, the grouping of loans allows the liberal professions to be able to amortize a single loan rather than more than one, this makes it possible to optimize the situation of the company and to reduce the credit charges. Also, the possibility of financing can make it possible to restore the situation and to face a concern of cash, especially when the activity is subject to seasonal or occasional events which can unbalance the balance between expenses and incomes.