What justification should be presented for your redemption of credits?

When you build your file for a loan buy-back request, you are asked for several supporting documents. The list of these documents can vary from one establishment to another, but in general it allows you to verify your identity, to find out about your accommodation and your banking situation, about your current loans and your income. The more you submit a complete file, the more the bank will be reassured about your organizational skills and your motivation.

Information about your identity

Your credit institution will first need to verify your identity. If you are two co-borrowers, you will have to present the information concerning each of you.

* Photocopy front / back of your identity card (or passport)

* Photocopy of your complete family book.

* Proof of domicile of less than three months (Edf invoice, telephone, etc.)

If you are married or PACS you will also have to add your marriage contract or PACS. In the event of a divorce, you will add to your file a photocopy of the judgment attesting to your separation.

Supporting documents for your income

The repurchase of loans allows many households to consolidate their budget, whether they are salaried, retired, or self-employed.

Employees will present their last three pay slips, along with the one for the last month of December. They will add a photocopy of their tax notice as well as a copy of their employment contract, indicating their years of seniority.

You must also include any document justifying other income such as a child pension, property income, family allowances or Apl (Personalized Housing Assistance).

If you are retired or disabled, you will present the last bulletins of your pensions as well as your last annual summary of all your pensions. Likewise, supporting documents for your other possible income must be added to the file.

Pre-retirement borrowers will present their last 3 ASSEDIC allocation bulletins, the latest annual summary of all their pensions, as well as documents concerning their possible additional income.

For non-salaried workers (business manager, liberal profession, craftsman or trader), it will be necessary to add the last three declarations n ° 2035 (BNC) or the last three tax forms (BIC).

Company managers will present the last three balance sheets of their managed companies. To these documents will also be added the latest tax notices as well as all the documents justifying additional income .

Documents on your current loans and bank accounts.

The institution that will assess your loan buy-back request will need to know the status of your current loans and debts. You will therefore need to send them:

* A RIB (bank identity statement).

* Home loan contracts and their amortization schedules.

* Personal loan contracts or consumer loans with their amortization schedules

* The latest transaction records on your possible revolving credits.

* The last three statements of all your bank accounts, whether personal or professional .

Your file will also have to include the documents justifying all your debts (tax, social, employer or family loan, other debts integrated in the repurchase of credits), as well as the documents concerning possible pensions (alimony, etc…)

Elements relating to your home and your real estate

You will also present the documents concerning your main residence and any real estate assets owned:

* The last rent receipt if you are a tenant

* The last property tax if you are an owner.

* The last housing tax

* A photocopy of your title deed (for owners),

Depending on the case, the owners may also add an estimate of their property by a sworn real estate agent as well as photos of their house or apartment.

Good to know: experts in the art of bringing competition between lending institutions, credit brokers such as Spin Lender advisers will help you build a complete file as soon as possible.