The repayment of consumer credit.

The frequently asked question is about the right to prepay. The answer is yes, at any time, whether partial or total. Ten days before payment at the latest, inform your credit organization by registered letter. This type of repayment is generally accompanied by compensation from the lender. There are, however, some exceptions to the rule.

Repay your consumer credit with another credit

Repay your consumer credit with another credit

It is possible to repay your consumer credit with another credit, but you have to compare well so that this approach is beneficial to you. Your lender is well placed to simulate your situation and help you decide. Take into account the compensation to be paid if it is a prepayment, especially if you are offered to combine your credits.

Goods purchased on credit and which are not delivered must not be reimbursed. The delivery will therefore be subject to a signed and dated voucher. This date marks the start of the reimbursement. If the property is in poor condition, you make your claim to the seller. Its after-sales service will intervene free of charge if the defect appeared within 2 years before its delivery or 1 year for second-hand goods. You will continue your reimbursement during repairs but on a blocked account. If repairs or replacement have not taken place, then you have the right to suspend your repayment after notifying the lender. If the seller is not negotiable, the credit may disappear and the sale canceled.

Difficulty in repaying the credit

Difficulty in repaying the credit

In the event of difficulty in repaying the credit, the lender or, failing that, the justice of the peace may grant you facilities. These in no way cancel your debts, but you may be authorized to pay reduced monthly payments over a longer period than expected.

If you miss two repayment deadlines or if you cannot pay 20% of the total amount to be repaid, then the lender is entitled to terminate your contract after formal notice by registered letter. He will give you 1 month to pay for everything.

In conclusion, you have an interest in looking after your image because the complications that the credit agencies have experienced with you have an influence on their next decision. You may in fact apply for credit again in the future. Everything is recorded at the Central Credit Office for individuals. However, rest assured, filing at the Central does not systematically mean that you will never be able to benefit from credit again.

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