Many football enthusiasts would like to change their audiovisual equipment to enjoy the World Cup matches in the best possible conditions. Acquiring a 4K television and a sound bar, for example, is not always immediately feasible since many households do not have the necessary savings. Individuals are therefore turning more and more to consumer credit.
Football fans will have had to wait four years to attend a new World Cup, which is taking place this time on the other side of the planet. Are plane tickets too expensive to cheer on your team? Never mind, fans will always have the opportunity to spend a few hundred, even a few thousand euros to acquire high tech equipment that will strengthen their immersion in the event. The world as if we were there? Yes, but as with any purchase of this kind, the final addition can be cumbersome and finding means of financing is not always easy.
In order to buy the high-tech devices of their dreams (TV, Home Cinema, blu-ray equipment, computers, etc.), more and more households are turning to consumer credit, a welcome aid when liquidity is reduced.
In the first quarter of 2018, the overall amount of new consumer loans increased by 3.2% compared to the same period the previous year. Households are increasingly using it to finance the purchase of expensive equipment which can thus be spread over time. Receiving consumer credit means that you do not have to draw on the savings immediately available, which limits the risks of budgetary slippage.
Obviously, taking out a consumer loan can only be done if the borrowing capacity allows. As a reminder, the debt level must not exceed 33% of net income. If this threshold is already reached or if the debt level is close to 33% due to credits already subscribed, it may be worthwhile to buy back credits. Combining all of your monthly payments into a single, reduced monthly payment may, depending on the case, reduce the debt ratio.
Calling on an organization specializing in buying back credit is often the best option.