Credit consolidation: for whom? what interest today?

The grouping of appropriations concerns all those whose amount of revenue does not allow them to meet expenses. It also interests all those who have assets and who want to obtain the financial means to improve their cash flow, make donations or investments. for further explanation


For many the appropriateness of grouping credits is justified

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Contrary to what one might think, this situation does not only concern the poorest households. In fact, the categories most affected are civil servants and the military, who, with their job security, tend to go into debt beyond measure. Then come the liberal professions which, for other reasons, mainly fiscal, find themselves confronted with very heavy debts. (RSI, Taxes, etc.)


Each case is specific and requires a specific study

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Also, for each, the broker performs a full audit of his cash flow situation. The broker makes an exhaustive inventory of debts (taxes, rents, mortgage, consumer loans, etc.) in order to establish a comparison with his monthly income.

The final objective is to consolidate all the debts and to propose to pay them the subscription of a single credit with a single monthly payment. This new credit will be of an extended duration so that the monthly payment is consistent with the repayment capacity. It will therefore ultimately be more expensive but, with this financial technique, debt greater than 40% and more of income can return to a level compatible with resources. The borrower finds purchasing power and financial space in the management of its budget.

The advantage of the consolidation solution is that it eliminates over-indebtedness and makes it easier to cope with everyday life. The study of a debt consolidation does not present any risk for the borrower. Brokers are bound by the regulations of Intermediaries in Banking Operations and Payment Service (IOBSP). As such they cannot claim any remuneration until the credit is released.

Thus, at Cream Credits, there is total transparency on the cost of the operation, including the amount of our fees. In addition, our security and prudential obligations in terms of control require us to keep our recommendations on a durable medium.


At Cream we have two recommendations

At Cream we have two recommendations

The first is to act quickly. It’s about making a quick decision. We will give you expert advice. We must not wait until the debt situation gets worse. The second is that nothing should be hidden from the situation. The broker is like a doctor, he must know all the symptoms to make a good diagnosis.

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