Redeeming credit to the Government Credit: practical information!


“Confidence guarantee”; here is the image that wants to convey the credit government of Borduax formerly the Public Bank of Solidarity since its creation. This government public body is one of the government credit unions (formerly pawnshops ). The government credit unions mainly offer pawnshops. However, it is also possible to turn to this social organization to apply for consumer loans or credit redemption. How does credit restructuring work? Why use it? What does the Bordeaux government credit offer?

Consolidation of credits: a solution to get out of debt?

Consolidation of credits: a solution to get out of debt?

Consolidation of credits is a loan, a monthly payment, a fixed rate for purchasing power up. This solution, which has been in existence for a few years, was designed to help citizens finance new projects or get out of debt. But is it a good idea to use this credit solution? The redemption of credits is not an end in itself because it allows living in better conditions. Is not this the envy of all citizens who feel themselves to be squeezed by credits and bills? In fact, this solution can be a way out to fight against debt. Of course, it’s a loan. It will, therefore, be necessary to be able to honor your debts.

Consumer loans are affected by this scheme

Consumer loans are affected by this scheme

The government credit of Borduax does not buy all of your credits. Only consumer loans are affected by this scheme. As a guide only, the term “consumer credit ” includes revolving credits such as personal loans or loans. The government credit offer of Borduax is wide:

  • The amount of the loan from USD 1,000 to USD 75,000.
  • The duration of the loan from 1 year to 10 years.

Is the redemption of credits accessible to all? The government credit of Borduax has fixed some rules. If you find yourself in any of the following situations, your application will surely be rejected:

  • It is impossible to request a redemption of credit if you are registered in the Bank.
  • It is impossible to request a credit redemption if the debt ratio is excessive.
  • It is impossible to apply for a credit buy-back if your employment situation is not stable.

Age can also be a refusal criterion. In fact, people over 65 are invited to contact the organization for a personalized study. However, age has risen to 75 years for a refund before the age of 85.

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