Credit redemption: why simulate its depreciation schedule? – Request for loan consolidationCredit redemption: why simulate its depreciation schedule? – Request for loan consolidation

 

Before applying for funding, it is advisable to run simulations to get an idea of ​​the future financial conditions that you might get. The repurchase of credit does not escape this rule. Among the possible credit redemption simulations, we present the depreciation schedule calculator.

What is the credit redemption?

What is the credit redemption?

First, a definition. The repurchase of credit makes it possible to buy back its loans and its unprofessional debts (mortgage, consumer credits, tax delays, bank overdrafts…) to pay then only one monthly payment.

Interest? By paying only one term, you reduce your monthly charges. The repurchase of credit thus makes it possible to reduce its level of indebtedness and to find an investment capacity.

Two types of credit surrender are possible: the purchase of consumer credit and the purchase of mortgage credit. In the first case, only consumer loans are grouped together (revolving credit, auto loan, personal loan, etc.). In the second, the transaction includes a mortgage and is secured by a mortgage.

What is the damping table simulation?

What is the damping table simulation?

The amortization table, or schedule, is the document indicating for each month the distribution of capital, interest and insurance. Remaining capital by month and year is also specified.

In repurchase of credit, the amortization table has a double importance. On the one hand, because you have to send the loan redemption organization the amortization plans for the loans you want to buy back. On the other hand, the grouping establishment must attach a depreciation schedule to the loan offer it sends to its borrowing client.

This is where the damping table simulation is interesting. With this tool, you can have an overview of the evolution of your future deadlines, even before making your request for consolidation.

Internet users must just indicate the desired amount, the duration of the credit, the interest rate, the insurance rate and the month of the first refund. The simulator is fast, simple, free, no obligation, and results are instantly displayed.