Divorce or separation can weaken a budget. Buying credit can be a solution to keep a balanced budget.
The principle of solidarity between spouses is simple: when one of the two spouses contracts a credit or a debt for the benefit of the household, the other spouse is obligatorily interdependent. In other words, each is committed to repay the credits and debts contracted by the other for all the so-called “household” debts regardless of the matrimonial regime.
All credits taken out by the couple must be:
In the case of a joint mortgage, it is possible, for those who wish to keep the property, to buy back their spouse’s share after estimating the property and calculating the cash payment, i.e. the amount paid to the other party to compensate for its loss of assets.
If the spouse cannot assume the payment of the balance and the amount of the monthly payments, the solution of the repurchase of credit makes it possible to review the duration and therefore the amount of the monthly payments.
By opting for the repurchase of credit, the borrower consolidates part or all of his credits in only one, with only one rate and a single monthly payment, weaker than the whole of the previous monthly payments: this is made possible in particular by a spread of the repayment period. It is also possible to add additional cash. When buying a loan, the debt ratio also drops: which can also make it possible to carry out a project if the debt ratio was a brake on it.
Nothing prevents you from obtaining information from a broker or an organization during the procedure. However, the divorce will have to be pronounced before the subscription can be finalized. In the event of divorce by mutual consent, the agreement must therefore have been filed with the notary. In the context of a contentious divorce, it is necessary to wait until the court has rendered its final judgment. The banking establishments will request within the framework of the repurchase of credit the project of division and the divorce agreement signed.