Urgent online credit buy-back: response times

A borrower in financial difficulty can have recourse to urgent credit repurchase. If his situation is very tense, an online subscription may be faster: The borrower must follow a specific procedure and quickly provide the requested documents.

The urgent redemption of credit. Why?

The urgent redemption of credit. Why?

The emergency credit repurchase makes it possible to consolidate all the loans of the borrower into only one. It helps to cope with a sudden drop in income, for example, when this loss of income threatens to plunge the borrower into over-indebtedness. The emergency credit buy-back allows the borrower to react quickly to:

• lower your monthly payments by combining all the credits;

• lower your monthly payments by combining all the credits;

• reduce its debt ratio;

The key to buying back urgent credit is therefore the time it takes to obtain it. The borrower can contact his bank. But, the urgent credit buyout via an online subscription can often reduce delays.

What procedure for redemption of urgent credit?

What procedure for redemption of urgent credit?

The procedure for buying back urgent credit is framed by the Consumer Code. The law is clear: the sum is made available at best, 7 days after the date of signature of the credit offer. These 7 days correspond to the legal withdrawal period. The borrower who goes through a bank for his emergency credit repurchase will see this period lengthen, because:

• the response time for a bank is approximately 48 hours;

• the borrower will have to wait to receive the credit related papers;

• he will have to wait 7 days to sign and return them;

• Finally, he will have to wait for his bank to manage the file and release the amount.

Online subscription speeds up the urgent credit buy-back procedure.

The redemption of credit with us!

The redemption of credit with us!

We will not allow you to buy back the credit itself. The platform simply makes the funds available to the borrower who can use it to repay these outstanding credits.

A “redemption period” is a specific amount of time given to borrowers in foreclosure during which they can pay off the debt and “redeem” their property. Some states also provide foreclosed borrowers with a redemption period after the foreclosure sale during which they can buy back the home.