Questions / Answers on the pooling of credits?
I would like to buy a new car, a small French sedan to be able to park easily at the gates of Avignon at the foot of the ramparts.
I am a civil servant with income of 2098 euros. Divorced, I live with my 14-year-old Roman son in an apartment I own in Avignon. Worker with income of 2098 € per month.
My bank, even before studying my project consumption, told me that my current debt ratio had reached 41% and told me about my disposable income and minimum threshold …
The bank is slow to decide on its position …
So, I wonder. Can you tell me what is disposable income? And why do they talk to me about threshold?
The bank, in the process of discovering your profile, has highlighted your disposable income. This is actually what will remain for your son Romain and yourself to live after you have paid your loan charges for example if you have contracted and your income tax.
In addition, your family status, including having a dependent minor child, raises the disposable income threshold.
Each bank has a grid based more or less on the same criteria to calculate the threshold of minimum income specific to each candidate for a credit consumption or real estate.
Below this one, the bank may ask you to review your credit or even refuse the financing.
You have just, I actually contracted three consumer loans and a financing of € 15,600 related to estate expenses. Is the debt ratio of 41% related to this situation?
Absolutely ! Your debt ratio of 41% corresponds to the ratio of your expenses to your expenses. But in your charges are considered repayments of all loans in progress.
This debt ratio determines your borrowing capacity.
In principle, the debt ratio retained by the banks is 33% taking into account the elements of the new project.
But your debt ratio even before the financing study of your project is already 41%.
I do not understand, with this rate of 41% am I considered over-indebted?
According to the Consumer Code, the state of overindebtedness is characterized from the moment when a person can no longer deal with his non-professional debts.
There are no criteria. However, a temporary cash flow problem can not be treated in this context, since the debtor’s situation is not totally compromised.
If you had difficulties of this kind, the bank would have alerted you.
It is true that my remaining life for my son and me is insufficient … how to improve my situation?
In your case, one of the possibilities to study is the combination of credit offered by specialized financial institutions or get closer to a broker specializing in buyback credit.
Your 3 credits and your inheritance fee financing can be restructured to allow for repayment in one transaction.
The idea being that after the restructuring, your debt ratio is lower, your monthly payments are lower and the total cost of credit the operation is also reduced.
How do I go about setting up my file and who do I contact?
Net free brokers helps you to mount your file carefully, because the rules which frame this operation are subjected to a stricter control and to present it to his historical partner which will answer quickly to the feasibility of your file.
You can also be reminded, just click on “Be reminded” you complete your details and we will call you back the next day.