The buyout of credit in case of divorceUncategorized
Divorce upsets a couple’s life, especially financially. This is complicated when there are outstanding credits that have been calculated on the basis of spouses’ salaries. The divorce judgment may order the recovery of the debts contracted together at the expense of one of them.
On the side of the family residence whose purchase was made to two, that’s another matter. One of the spouses who will hold the dwelling must pay a balance to the other for the balance of the sharing of the property. From the moment you plan or start a divorce, get help from a divorce repurchase specialist.
This banking product is the best solution to buy back your cash and increase your repayment capacity.
The fate of credits in progress after separation
The sharing of common property is still valid that the couple has signed a marriage contract, whether it was pacsé or concubines. For current credits that have been subscribed to two, the joint decision of the two co-borrowers is required.
They even have the right to request the transfer of the rest of the reimbursement to one of them. However, the lending institution is not obliged to accept. He will further study the repayment capacity of the proposed person.
In the case where the loan has already been used for the purchase of a physical asset, there are two possibilities:
- Or, one proceeds to the sale of the good, and the price will be used to refund the remaining amount due, the surplus will be shared between the old co-borrowers, that they are husband and wife, pacsés or in free Union.
- Or, both partners commit to an early repayment, then, one will hold the property, and the other will buy it with a credit lack of means.
Find a good buy back of credit in case of divorce
The repurchase of credit is more or less unavoidable for a couple in separation. The divorce procedure is different depending on the reason. It may be mutual consent, acceptance of the official break-up of the union, irreversible alteration of the conjugal bond or serious misconduct.
Of course, in all cases except separation by mutual consent, the measures begin with mediation. Then, a well thought out study is necessary to delimit the repurchase of credit. Our online comparator will be of great help to you.