Do you have too many credits and your current debt ratio is too high? Binary Lender is a credit repurchase company specialized in this field since 2003. Our rigor and our experience allow us to offer you the repurchase of credit for owner or for tenant which will suit you best.
The advantages of Fine Bank, a credit repurchase company
Within our credit repurchase organization, we treat each request for credit consolidation with great attention and kindness. A single advisor will take care of your file from start to finish. We analyze in detail your situation and your wishes in order to offer you the best possible credit repurchase.
We interview all the banks specializing in loan repurchase. Then, we offer the most attractive credit buy-back simulation for you, in your interest.
What are the fees for a buyout?
When calculating the repurchase of credit, we will add up the outstanding amounts (capital remaining due) of all your consumer credits, your personal loans, your revolving credits, your car credit, your online credits and your other credits consumption. To this total amount, we will add cash according to your wishes and the credit repurchase fees.
These costs are broken down into bank administration fees (impossible to negotiate) and brokerage fees (also called capital search mandate). These are negotiable. Fine Bank does not consume brokerage fees, we even apply the lowest fees on the market, between 3% and 5% of the amount of your credit repurchase (some credit repurchase companies apply 8%!).
Make a credit buyback comparison
This is why when buying credit online, apart from the new monthly payment that you will get after financing, it is important to know all the fees that will be applied. You can compare, Binary Lender is committed to offering you the lowest fees, isn’t that an advantage?
Sometimes a long term for your loan buy-back is necessary to meet the criteria of the living balance or debt ratio, but be aware that you have the possibility of making a partial prepayment (with a minimum of 10% of the borrowed amount) without any penalty if you repay less than 4 10,000 over a period of 12 months. Beyond 4 10,000 prepayment, the penalty will be 1%. For mortgage loan consolidations (with more than 60% of mortgage loans), the prepayment penalty will be 3%.