The separation between two couples has many consequences in the life of each of the two parties, it affects mainly the household’s budgetary situation. In the case where the couple has made a request for loan from several institutions, the break inevitably leads to a situation of indebtedness or over-indebtedness for one of them. The only solution for this type of situation is to make a request to buy back loan for divorced people.
Financial difficulties caused by divorce
By canceling the marriage, the couple must share their property, and the same is true for the repayment of loans taken during their marriage. The payment of alimony and other expenses and the payment of debts result in a decrease in income. As a result, it is essential to resort to the purchase of loan. This action allows divorced people to cope with the difficulties they face, as it promotes a reduction in rates and a spread of loan repayments.
Separation therefore causes difficulties, especially with regard to the financial situation. As a result, everyone’s income falls and their standard of living so that it is possible to arrive at a situation of over-indebtedness. In addition, we must take into account the expenses incurred during the divorce proceedings which are among others the lawyer’s fees, notary fees, moving, renting, etc.
As for child support, the payment varies according to the monthly income and the number of children. As a result, the amount owed on the pension will be minimized if one of the two parties only receives the guaranteed minimum wage or SMIG. Otherwise, the pension will be high.
Apply for a loan buyback for divorced
During a break-up, ex-spouses are often in a difficult situation as both parties face many expenses, including the reimbursement of all loans taken at the time of marriage, the costs of divorce proceedings , the division of property, and the payment of child support. Without any further solidarity, of course.
It is quite possible that during their marriage, the couple contracted numerous loans from different financial institutions. These loans can be on the mortgage, consumer or auto, and many more.
When the divorce takes place, the loan repayment will be high as well as the rate that goes with it. The only solution for ex-spouses is to use a loan redemption for divorced people. This method makes it possible to group all the existing loans into one, thus reducing the amount to be paid each month and extending the repayment period.
However, there are several institutions operating in the same field so that the choice is often difficult. This is why it is advisable to use SOS-Rachat-loan.fr. It is the specialist who will take care of all the procedures and the negotiation with the banks.