The purchase of credits from civil servantsOn January 25, 2020 by admin
Reducing your monthly payments is possible with the purchase of credits, a banking operation aimed at all types of borrowers, including public officials, whether they are incumbents, taxpayers or trainees. Here is a full point on this.
Civil service: buying back credits
Having several monthly payments in the process of repayment can be binding, or even create imbalances in the event of a hard blow, it is for this reason that the repurchase of credits was born in the country, from the end of the 1990s. this operation was only requested by households in situation of over-indebtedness at its launch, today most households with no savings capacity or excessively heavy monthly payments no longer hesitate to subscribe to a grouping of loans.
Among these homes, there is a large part of civil servants, military agents, territorial, administrative agents, police officers or any other profession characteristic of the public service. The latter have a privileged position with banks, in particular thanks to their professional status, a guarantee that is well regarded by credit institutions.
Are civil servants privileged to buy back loans?
Banks are attentive to the profession and in particular to the contract, the absence of a permanent contract of CDI type in a request for grouping of loans systematically leads to a refusal. In this case, permanent officials have no fear of having their professional situation, they will have to focus on their financial situation.
In addition, it should be known that certain financial organizations propose offers of repurchase of loan for the contractual civil servants and trainees. These profiles are reassuring for banks, which relax their criteria and allow certain public officials to reduce their monthly payments. Outside the profession, the bank details, the debt ratio and the remainder of living remain the three main criteria which can lead to a failure of the operation.
Compared to normal loans, special civil servant loans usually come up with much better terms. In no other business does credit rating play such a strong role. With civil servant loans, financial institutions can expect to put their cash in safe hands, regardless of whether it’s an installment loan or a loan for a property.
Not only civil servants, but also high-earning graduates are particularly welcome customers, who have to pay significantly lower interest rates because of their safer income compared to people from precarious jobs.