Risks incurred for credits not reimbursed

Making a loan commits the borrower to credit institutions. Each establishment must be able to warn the consumer of the risks incurred “A credit commits you and must be repaid. Check your repayment capacity before you commit. “This legal notice must be visible on all credit-related advertisements, it is mandatory and regulated by the Consumer Code. Each borrower should read it and check its repayment capabilities before signing an offer to lend or redeem credits. Otherwise, the borrower incurs risks as well as legal proceedings.

Continue to repay debts by pooling credits

Continue to repay debts by pooling credits

When the borrower has difficulty repaying his monthly loan payments, the lending bank must warn him of the risks he incurs (Article L.311-22-2 of the Consumer Code).

When it comes to the first payment default, the bank sends the borrower a reminder letter stating that the due date has not been paid. If the payment of two consecutive installments is not honored, the bank will put the borrower on notice to pay its debts. This formal notice is made by registered letter with acknowledgment of receipt, or by summons by bailiff, the Bank of France at this stage registered the borrower on a file bank of France (FICP or FCC).

In addition, according to Article L.11-24 of the Consumer Code, the bank may request the forfeiture of the term, that is to say, the anticipated termination of the financing for non-compliance with the loan agreement.

Continue to repay debts by pooling credits

Continue to repay debts by pooling credits

The credit consolidation helps to reduce the indebtedness of indebted borrowers and sometimes in complicated financial situations. Too many credits and charges that make the ends of me complicated. Some households find themselves heavily indebted and can not ensure the repayment of their debts by risking to be filed with the Bank of France. Credigo non-exclusive agent by reputable banking partners can intervene and you avoid falling into a situation of over-indebtedness. The purchase of credits, is a banking operation that allows to reduce the monthly payments and to find a balanced budget.

Guide to understanding the redemption of credits

Guide to understanding the redemption of credits

Faced with the vagaries of life, how to ensure the repayment of its monthly payments: the guide to the repurchase of credit in 3 steps