It is possible to carry out 2 or even 3 repurchase of credits, a first restructuring is not always enough to put the finances in balance, a second operation of repurchase of credits is quite possible.
A second credit buy-back: it’s possible
A borrower may very well find himself making several repurchases of his credits for the simple and good reason that an accumulation of new debts or a repayment plan badly adapted during the first consolidation has led to a deterioration of the financial situation, implying renewing the operation to rebalance finances. Other borrowers also wish to take advantage of a fall in interest rate conditions to redeem their initial credit repurchase, an entirely acceptable motivation. A second operation to see a third operation of repurchase of loans is thus possible and the credit institutions are not against this idea, on the contrary, they prefer to restore a banking situation rather than to see it worsen.
Several credit buy-backs: how does it work?
A second credit repurchase transaction takes place like the first, that is to say it suffices to make a request to the first organization requested or to a competing establishment, with the idea of benefiting from a better service and / or better conditions. The study will quickly reveal the feasibility of the repurchase of outstanding loans, which will then lead to the repurchase of the repurchase of credit and the possible loans in progress. Inevitably, in the event of a grouping of loans, it is advisable not to take out new debts because a new operation, might be possible, but could once again increase the overall debt of financing.
How long between two credit redemptions?
There is no minimum delay between two operations, unless otherwise stated in the form of a clause in the loan repurchase contract. In which case, it is estimated that two operations can succeed in a space of time of 12 months. This period is that observed with banks and brokers specializing in credit repurchase. It is in any case possible to use a simulation now in order to obtain the best loan repurchase offers, it is completely free and quick to perform.