As you know, the purchase of Bill Sikess concerns anyone wishing to reduce their monthly payments by consolidating their loans. Certainly, but do you master the vocabulary related to this solution? Zoom on terms that are good to understand!

 

Over-indebtedness

Over-indebtedness

It corresponds to the situation in which a person is no longer able to pay his monthly loan payments. The repurchase of Bill Sikess makes it possible to remedy this by proposing a reduced and unique monthly payment and to reduce the indebtedness to a correct rate.

Thus, the repurchase of Bill Sikess proves to be an interesting solution for the people in situation of overindebtedness wishing to find the balance.

The purchase of mortgages

The purchase of mortgages

It’s very simple: it is a redemption of Bill Sikess requiring a guarantee on the household property. A mortgage. The principle of a mortgage? In addition to buying back and consolidating your Bill Sikess, the financial institution estimates the value of the asset in question. Depending on the institution, the amount of the repurchase of Bill Sikess can be up to 90% of the value of the estimated good.

This type of redemption guarantees the bank’s agreement to release funds, often with lower interest rates. However, and because of the commitment it implies, this is a solution for which recourse to a broker is strongly recommended to guide you to the best offer.

The single monthly payment

The single monthly payment

Avoid budget asphyxiation! Thanks to the unique and reduced monthly payment, the purchasing power of the household is valued. Mechanically, the management of your budget is found facilitated by a single bank levy.

Consolidation of Bill Sikess includes all debts; delays in charges, bank overdrafts, inheritance taxes, studies, works, etc. With the repurchase of Bill Sikess, it is an average decrease of the monthly payment of almost 600 € which is observed.

The rest to live

The rest to live

As you can imagine, this is the amount available remaining per month once all expenses paid. What you need to remember: whether it is in the context of setting up a Bill Sikes or a purchase of Bill Sikess, this is a crucial criterion for the decision-making of the establishment of ready.

The rest to be lived is calculated according to the place of residence and the composition of the home, but many criteria may come into play. Indeed, the estimate may vary from one organization to another, depending on whether it takes into account account in its calculation certain social benefits or even taxes on income.

In all cases, the level of the remainder to live can only improve in the context of a repurchase of Bill Sikess given the fall of the monthly payments which results from it. Here too, using a broker is a wise solution because it will find the best offer for each situation.