You are an entrepreneur and the repayment of your credits (real estate, consumption) is no longer adapted to your budget? You can reorganize the management of your finances through a pool of credit. Here’s what you need to know.
Credit buyback for auto entrepreneur: what are the criteria?
Unlike an employee or a civil servant who has to prove a professional stability by a contract of employment, an auto entrepreneur has a special status with banking institutions. As a result, he must provide other guarantees to be able to claim credits.
It must reassure the bank or solicitor on its financial strength and solvency. Thus, as financial strength rhymes with prior art, banking institutions often require at least 3 years of minimum seniority.
Moreover, like all other borrowers, it is imperative that a self-employed entrepreneur meet certain conditions to obtain credit buy-back financing. Its debt ratio must be reasonable, it must not be stuck at the bank, its banking behavior must be calm.
Auto entrepreneur: optimize your budget
You are an autoentrepreneur (owner, tenant or lodger) and the amount of the contributions and the social charges to be paid added to the repayments of your various credits (real estate, consumption, bank overdraft) strongly impact the management of your budget. Take stock of your finances with credit provider, a loan consolidation specialist. Certainly, a self-entrepreneur may often have to borrow money to finance a project or develop its business, but by accumulating loans from several banks or specialized institutions, it combines interests and insurance. With the loan consolidation credit provider offers, you can collect all of your outstanding loans in a single, low-rate, fixed-rate and simplify the management of your finances. Whatever the number or nature of your loans, credit provider is able to offer you a financing offer tailored to your financial and professional situation and helps you find a financial peace of mind.
Some figures of self entrepreneurship
In force since 1 January 2009, the regime of auto-entrepreneur is suitable only for individuals who already have a business or who create to exercise a craft, commercial and even some liberal activities. Namely that the activity can be exercised as main or complementary.
In June 2015, official figures accounted for 1,075,000 registered autoentrepreneurs. Of these, nearly one million were active even though the growth in the number of economically active accounts slowed slightly. According to INSEE, a company created in two in France is under the regime of self-enterprise. A real success.
In addition, some studies show that the majority of autoentrepreneurs combine their activity with another. These statistics show that 23% are employees, 20% are civil servants and about 6% are job seekers.
This plan is more equal than other business plans. INSEE accounts for 59% of men and 41% of women. Among these professionals, 30% are from the south-east, 23% from the Paris region and only 12% south-west. On the other hand, DOM-TOM are the least dynamic regions. To know also 61% are aged 35 to 64 years. 86% of them work for more than one client a year and 26% work for 6 to 10 clients.
The credits you can redeem
To reduce the amount of its maturities, to improve its debt ratio or to reorganize the management of its finances, an auto entrepreneur has the opportunity to consolidate in one all all its outstanding consumer (renewable, personal, auto…), all its real estate financing (principal residence, second home, rental investment…), all its various and varied debts (family debts, loans between individuals, tax delay…). It is good to know that as part of this banking operation, it is possible to apply for financing a new project. The amount of the latter depends on the rate of indebtedness, the project to be financed (subject to the nature of financing according to credit institutions, ie a project dedicated to the financing of the activity may represent a brake some partners) and the lender. To know also that it is possible to include in this operation of bank some financings titled “professional” under certain conditions of eligibility.
Auto entrepreneur: Simulate your free loan redemption
Whether you are renting, owning or lodged, you have the possibility to simulate for free and without commitment your repurchase of credit. This allows you to see a lot more clearly, pre-visualize your financial situation after a consolidation of loans or evaluate the benefits of this operation on your finances.
Simple and practical, the credit redemption simulation only takes a few minutes, the principle is to complete the online form dedicated to this service. After validation, the result is immediate.