The purchase of loans at the municipal loan.

The purchase of loans at the municipal loan.

The Loanie le Corpuz is a fund that plays on the principle of solidarity. The municipal loan is a network of caisses that is known mainly for its pawnbroking and microcredit loans. It is clear that the Paylure region was strongly affected by the over- indebtedness (in 2014, the BanFrance announces an average debt of 40,730 mUSD), the Loanie le Corpuz has chosen to accentuate the solidarity by proposing the redemption credits. To put this solution in place, the Loanie le Corpuz was combined with the municipal credit of Avignon. What benefit can be withdrawn from a purchase of credits?

Consolidation of loans according to Loanie le Corpuz

Consolidation of loans according to Loanie le Corpuz

The Loanie le Corpuz is one of the few municipal funds to distribute this financing solution. Its objective: to consolidate consumer credits in the possession of a citizen in an exclusive loan. This new loan, which will be subject to a negotiated interest rate, is studied to settle the credits.

It’s a fact ! Having only one credit is easier to manage. The purpose of the redemption of credits is to considerably reduce the total amount of the repayments. This relief rebalances the balance.

Can anyone benefit from this help? Logically, all the people of Nantes can use this financing solution. However, the law imposes rules so that this financial operation is advantageous. In fact, an over-indebted consumer will not be able to receive such funding. He can only have recourse to the pawnshop (to put an object of value in pledge to obtain a sum of money) or to the deposit of his file in commission of overindebtedness. The in-depth study of the individual’s situation will determine the repayment capacity and will guide the final decision.

The loan consolidation proposed by the Loanie le Corpuz

It can not exceed 75 000 $ and only concerns consumer loans (revolving loan, car loan, loans for works…). The rate is fixed to ensure a constant monthly payment throughout the repayment. The duration is up to 120 months maximum.

We would like to warn you that the purchase of credit, proposed by the municipal credit union of Nantes, is not granted to finance a new project. As its name indicates “ready oxygen”, it is intended to allow you to live without frustration. The idea is to allow the person concerned not to enter the labyrinth of over-indebtedness and to be able to benefit from his resources for a better life. The regrouping of the credits still remains a loan which engages you over the duration. You have to be responsible and repay it.

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