Grouping of credits for frontier worker
Since the abolition of borders, many French people regularly cross the border to work in Germany, Belgium, Monaco or Switzerland.
According to European legislation, a worker is considered “frontier”, if he works in a country of the European Union, but returns every day or at least once a week to his country of origin.
What are the criteria for grouping credit for these workers?
A cross-border worker can obtain a loan consolidation provided that he meets certain criteria.
The borrower must reside and declare his income in France, his salary or at least 50% of his salary must be transferred to a bank account in France and the credit consolidation will include only loans taken out in France.
These criteria respected, the request for the repurchase of credit for a cross-border worker is subject to the same conditions of acceptance of banks specialized in repurchase of credit.
No possible solution of repurchase of credit for the tenants and / or lodged, “stuck” without a family mortgage surety and the proprietors “immo”. Different terms for a single operation: group one or more already existing loans, possibly adding debts and cash and refinance all by a single credit, at a lower rate, amortized over a single period of which the duration will be in line with the income of the borrower.
Opting for a purchase of credits allows you to significantly lower your monthly payments, to give air to your budget (savings opportunity) and improve your purchasing power, also to get out of a file if you own, finance a car or work that you own or rent… It is possible to renegotiate all kinds of credits: real estate credit, consumer credit, personal credit, cards, revolving credits, family debts, even social and tax for businesses…
The repurchase of mortgage credit (mortgage rank first but also second in some cases):
It consists of grouping all of your current loans (mortgage, consumption, revolving credits…) into a single loan (mortgage repurchase) at the rate and over a long period, the repayment period of up to 35 years.
The purchase of consumer credit (repurchase credit consumption):
It allows to group all your personal loans (car loan, credit work, late payments…) and all your reserves in a single loan for a period of up to 12 years (tenant) at a very interesting rate and without ( credit buyback) payday assignment (credit redemption), 15 years for homeowners.
The consolidation of consumption credits if frontier, the last annual salary certificate (Switzerland = Lohnausweis)
Is quite possible by respecting a global debt ratio below the authorized ceiling, it is also a big trend of the year 2018. Indeed the holders of real estate loans well traded in fixed rate a few years ago. years when rates were particularly low, do not wish to redeem them with higher rates.
Do French banks make redemption credits for border workers?
O w ith unsecured with a 20% abatement of foreign currency earnings for the calculation of indebtedness after and without abatement if mortgage guarantee, if the income in currency is the main income of the household.
The repurchase of credit is intended for all socio-professional categories (traders, liberal professions, craftsmen), employees, retirees… Owner as tenant or hosted you can benefit from a group of credit. A bank prohibition or a credit payment incident check, we will be a reason for refusal for tenants in all cases, but will not necessarily be for homeowners. If you have already had a withdrawal for your credits and can already be filed, then it is high time to react and find a solution to your over-indebtedness.
For a repurchase of cross-border credit do we pay for family allowances in Luxembourg – at what height?
No, we retain only the French family allowances for the calculation of the debt after, (one can take into account it in the nonperennial incomes for the computation of the event before).
(Over-indebtedness) When do you consider that you are in debt and over-indebted?
Up to 35% it is admitted that one is not “too much indebted” and beyond yes, the situation of over-indebtedness intervenes beyond 50%.