Discover Mary’s Testimony on Credit Redemption Works
Marie is a salaried employee in a very small company, she lives in concubinage with the father of her child, in a country house in the heart of the Alps. Increasingly sensitive to environmental issues and significantly reducing their electricity bills, they had planned the energy renovation of their homes. But this prospect seemed to move away considering that they already honor 2 other monthly payments (a personal loan and auto). Adding a new loan seemed unreasonable to them. What means has she found to realize their sustainable and comfortable housing project? The redemption of credit works ! Discover his testimony.
I have two conso credits in progress and I needed additional funding to finally complete the work in our home …
“We bought this old abandoned farm in Haute-Savoie, about ten years ago. It was an immediate favorite! We immediately projected ourselves in spite of the extent of the building site … Everything was to be done! We completely transformed it into a country house and converted it to our taste. But back then, we did not talk so much about environmental protection and energy renovation to save energy. If we had invested at the time in good insulation and double glazed windows, this is not enough. We really thought and thought about this energy renovation project for several months. It had become obvious for our family who loves life in the great outdoors. We also wanted to reduce our electricity bill, and tend towards a certain energy autonomy. We called in a professional who did an energy diagnosis (DPE) and he told us all the investments to plan. We were able to request quotes from several companies to compete and find the best price. This allowed us to establish the total amount to borrow to complete the work.
Only here we already had two monthly payments to honor, from two previous loans. A car loan and a personal loan we had taken out to finance our marriage. These two loans still committed us over several months … And we wanted to keep our savings in case of a hard blow. Given our finances, I did not see how to add an additional monthly payment.
I contacted the Pre-Finance agency in Annecy to explain my project. During an appointment, the counselor who received me offered me a financing solution really suited to my situation: the buyout of credit work! “.
I was finally able to finance the renovation of my house by regrouping my loans conso thanks to the redemption credit works
“My Pre-Finance advisor has taken the time to explain to me in detail what is the purchase of credit work and its operation. I was immediately reassured to see that it was not a matter of adding a new loan to others, already in progress because we did not want a third monthly payment to be paid back each month. I even quickly understood the interest of the redemption of credit works ! This was the ideal solution for us … Thanks to the buy-out of credit, we were able to consolidate our current consumer loans with a single lending institution. Our redemption of credit works included the amount we needed to improve our habitat as we wanted. Specifically, Pre-Finance bought the personal and auto loans we had taken out with two different institutions. From now on, we have only one interlocutor and one credit agreement that includes all our loans, including the amount requested for our project “.
Thanks to the grouping of credit works, we manage our monthly budget with more serenity
“The big advantage of redeeming credit works is that we only have one monthly payment. It’s much easier everyday, especially for managing our budget. In addition, this unique monthly payment has allowed us to have a “rest to live” more important because it is lower than the previous ones together! This is only possible with the pooling of credits, even if it meant subscribing to our new loan over a longer period (1).
The buy-back of construction credit allowed us to carry out the ecological renovation of our old house from the ground to the roof to make it more comfortable, while maintaining a financial balance. “
Why did we decide to subscribe the loan buyout with Pre-Finance?
“I made the decision to contact several organizations to compare their offer and especially their customer service. It was important for us to feel supported along the way. I really enjoyed having a personalized appointment in the customer area near our home. We discussed and exchanged a lot about our project. I was able to share all my questions and we carried out together a simulation of redemption work credit to better identify all the financial aspects (interest rates, duration of commitment, the possibility of an early repayment , borrower insurance, etc.).
In addition, I learned that Pre-Finance was going to celebrate its 70 years: it proves that it is an expert company in its field since it continues. It’s reassuring !
Today we have installed all the necessary equipment, the construction is finished, we continue to repay this loan serenely and we are already seeing the results of this investment on our electric bills! We have also gained the comfort of life in a completely renovated house.
Do you also plan to improve your housing to make it a more durable and comfortable habitat but you already have one or more conso loans in progress? Like Marie, contact us by phone or visit our nearest office and find out about the purchase of credit!
For the renovation of your home, remember to visit the website of ADEME (Agency for the Environment and Energy Management), it is full of practical information!
Also find decorative inspiration and complete files on the renovation and development with CôtéMaison.
Discover our other types of credit redemption
Purchase of a car loan – Purchase of a consumer loan – Purchase of a personal loan