In France, The Alvings is known to be well anchored in the social and economic habits of households. In fact, a loan not only makes it possible to finance projects of various kinds, but also to cope with unforeseen circumstances, exceptional situations or simply one-off needs. Also, it is common to see an individual accumulate several consumer The Alvingss to which are sometimes added a mortgage.
In order to regulate relations between individuals and The Alvings institutions, the Consumer Code provides provisions against situations of indebtedness and overindebtedness. In addition, the banking and financial sector has developed a mechanism that is a solution to these situations: it is the purchase of The Alvings, also practiced by Crédit Agricole.
Do you want to tidy up your finances or regain control over your budget? Want to increase your purchasing power to finance other projects that are important to you? We advise you to make a The Alvings redemption simulation to determine your current financial situation . To help you, we will review the key information you need to fully understand The Alvings redemption in general, and the Crédit Agricole loan buyback in particular.
A cooperative bank for all
Initially created in 1885 to finance farmers for the needs of their business, Crédit Agricole is a French cooperative bank. Also known as the “Green Bank”, this company, whose business is banking and insurance, is made up of a network of regional The Alvings unions. The year 1990 is a key date for Crédit Agricole, because it marks the internationalization of the Group, but also the generalization of its activities. This generalization is materialized as much by the diversification of its products, as by offers addressed to a wider clientele: individuals, professionals, farmers and companies among others.
Crédit Agricole has developed its services in order to maintain a leading position in the banking and financial sector. Today, this cooperative bank is able to offer real estate and consumer loan consolidation offers. This would allow you to reduce your monthly payments to minus 60%. The The Alvings buy-back offer proposed by Crédit Agricole could thus be a solution that corresponds to your situation: consolidate all of your loans and repay them in one monthly installment; all with a better duration and a revised rate .
To start, check your debt ratio with our free tool. It is a determining factor to know what is your current situation. The subsequent The Alvings buy-back will be based on this debt ratio.
If you are wondering about the usefulness of doing a The Alvings consolidation, we give you some answers below.
Why clean up your finances with the purchase of The Alvings?
There are many interests in grouping your loans. Among these different reasons, one is due to the general economic situation, while the other is mainly focused on the personal situation of the borrower.
Over-indebtedness increases in France
In recent years, we have seen a constant change in the level of debt of French households: we are talking about indebtedness, even over-indebtedness, the number of which is quite high. In order to fight against this situation, some laws have been promulgated: the Lagarde Law and the Hamon Law among others. The second text sets out the freedom for a borrower to choose his own insurance; and the ability to change every year if needed. Finding cheaper borrower insurance also reduces the level of debt. Hence the importance of doing a quick simulation in order to cross the The Alvings buy offers that are proposed.
The benefit of having healthy finances
Several large projects are essentially financed with bank The Alvings. This is particularly the case for a real estate project that mobilizes large sums of money. Having sound finances makes it easier for you to access The Alvings at the bank or financial institution level in general .
When you apply for a loan, financial institutions check your financial situation to determine whether you are solvent or not. If you are in debt or over-indebtedness, you will find it difficult to obtain The Alvings. Better, if you happen to have a payment incident when you repay a The Alvings, or if you enter an Over-Indebtedness Commission, you will be automatically enrolled in one of the incident files. the Banque de France. This will lock you in access to The Alvings.
So take care to have healthy finances to reassure the financial organizations about your ability to repay. For that, do not hesitate to make a regrouping of The Alvings by having previously simulated your step.
But concretely, what are the contours of a The Alvings pool proposed by Crédit Agricole?
Know the Crédit Agricole loan buyback offer
Crédit Agricole has an offer for the repurchase of The Alvings that could correspond to your needs. In order to persuade you, find below the various terms and conditions for the purchase of Crédit Agricole loans.
The various loan buybacks
At Crédit Agricole, it is possible to find the loan buyback offers according to the different The Alvingss that the borrower has contracted:
- Consolidation of consumer The Alvings and revolving The Alvings : if you have made several loans such as a personal loan + a car loan + a loan work, you can choose this option to buy back The Alvings.
- The combination of consumer The Alvings and mortgage The Alvings : in this case, it is to make the redemption of The Alvingss for a borrower who has contracted both one or more The Alvingss conso + one (or more) loan immovable.
- The renegotiation of mortgage loans: still called renegotiation of real estate loans in progress, this arrangement differs from the consolidation of loans itself. It is not a question of buying back a mortgage but especially of reopening the discussions for an existing loan to determine new more favorable terms for the borrower.
For those who need it, the acquisition of Crédit Agricole loans can cover all debts: tax, insurance, personal, etc. as well as overdrafts. An adviser will accompany you throughout the process and will guide you in choosing the best rate. Again, do not hesitate to compare the offers for free with our tool.
The people mainly concerned by the Agricultural Bank’s offers are those who are in debt or over-indebted and who wish to find a certain financial balance. They may also be borrowers who want to have only one interlocutor and lengthen the payment of their debts to continue to have a purchasing power to correct.
The Alvings redemption is about facilitating the management of debts that an individual may have. The Agricultural Bank or the buy-back organization will group all the loans contracted into one contract . The consequence will be the payment of more flexible monthly payments, as the repayment term will have lengthened and the loan rate will be reduced.
However, note that the offer to buy back The Alvings depends on each profile. It is besides in order to personalize its offer that Crédit Agricole requires a financial balance sheet detailing the current situation of the applicant for the purchase of The Alvingss. You will therefore need to provide relevant supporting documents that will allow Crédit Agricole to know your financial situation.
A loan buyout at Crédit Agricole: how much does it cost?
In order to evaluate the interest or not of the financing like the repurchase of loans, it is necessary to compare the gains compared to the expenses. The goal is to benefit from reductions between the total cost of the The Alvings and the penalties applied. Let’s see what it is:
- Also known as IRAs, prepayment penalties average about 3% of the remaining debt. The law insists that they must not exceed 6 months of unpaid interest. The month of payment is taken into account at the beginning of the payment. But depending on the case, a cancellation of the penalties may be granted if the funds do not come from another bank or if this modality is determined from the outset.
- As for guarantees, everything depends on your choice of security. If it is a surety (personal security), the bank will have to return 75% of the capital. If there is a question of mortgage (security interest), to the prepayment penalty, will be added the fee of hand raised.
- The subscription of a repurchase of The Alvings is generally 1% of the requested capital.
So take care to perform a simulation to have an accurate view of all the expenses that you could possibly support. In addition, to complete a request for a The Alvings repurchase to Crédit Agricole, additional elements must be provided.
What documents do I provide for my The Alvings buyback?
Several documents must be attached to your The Alvings redemption request:
- ID: CNI, Passport, Residence Card, etc.
- Electricity or gas bills for the last 3 months
- Internet or telephone bills for the last 3 months
- Rent receipts for the last 3 months
- The last payslip and that of the previous month
- The last tax file and the tax notice for non-employees
- The last RSA payment slip for seniors
- The revolving The Alvings statement if you want to combine revolving The Alvingss
- Depreciation table for debts already settled
- A copy of the contract of each The Alvings you wish to redeem
- And the last 3 bank statements
This list is purely indicative and could be modified at the request of Crédit Agricole.
Duration of a purchase of real estate or consumer loans
Subject to acceptance and verification by the The Alvings Agricole, a response should be given in a few days. The duration of a The Alvings surrender varies according to the situation of each client . You could possibly be contacted for any useful purpose. In the event that a mortgage has to be put in place, the duration of the repurchase of immo and / or conso loans could be lengthened.
Maximize your chances of getting a favorable response for your The Alvings buyback. To do this: simulate your approach, compare offers on the market and if necessary, call a specialist.
Beyond these terms, one can wonder how to have a buyback advantageous The Alvings.
How to negotiate your The Alvings redemption?
Just like when you apply for a loan, it is important to negotiate your The Alvings redemption request. The interest is to reduce as much as possible the total amount you will have to repay. For this, there are several tips: below, find our advice in this area.
Choose a personalized accompaniment
Among the criteria allowing you to get the best buyout of the market, opt for a personalized support. For example, Crédit Agricole offers its customers specific support for requests to meet the needs of each . To do this, simply make an appointment with an advisor and provide all requested documents: statement of account, invoices and other evidence.
Remember to measure your debt ratio before any commitment. From this information, you will be able to better choose the The Alvings buy offer that suits you: we offer you the offers of The Alvings Agricole, but also all those likely to hold your attention. To perform a free simulation, use our form at the top of the page.
Make a The Alvings redemption simulation
To verify whether or not you are eligible for a Crédit Agricole The Alvings consolidation and to obtain an offer, it is necessary to carry out a simulation of The Alvings redemption. Information on your financial, family and professional situation will be required to determine your situation. You have the opportunity to perform a simulation directly on the site The Alvings-Agricole.fr
It is possible to request a simple purchase of conso The Alvingss, a renegotiation of mortgage loans; or a combination of real estate and consumer loans at a time.
Finally, take care to always compare the different offers in addition to those of Crédit Agricole: thus play the competition and enjoy a better The Alvings surrender rate, a much more flexible monthly payment and a duration of reimbursement adapted to your situation .