Find out who the broker is really in credit buyback operations? What are the advantages of using a broker to process your loan consolidation file? Understand what influence this intermediary has with the banks of the market?
Get to know the credit broker better!
The Credit Buyback Broker is an Intermediary in Banking Operations and Payments Services (IOBSP). A profession regulated by the texts referenced in Article L519-1 et seq. Of the Financial Monetary Code. A regulation that requires all IOBSPs to be mentioned in a single register managed by ORIAS (single register of insurance intermediaries, Bank).
He is a real negotiator with banks and credit restructuring organizations. He is the defendant of his clients for credit redemption files, he is their confidant for all that is proper to the monthly management of the household budget. He negotiates the best repurchase agreement for his borrowing clients. It obtains for its customers the most adapted and the most advantageous offer according to their needs and their borrower profile.
What are the benefits of using a broker?
The advantages of using a broker to carry out the successful completion of a loan buyback file are numerous. First of all, the broker closely follows the evolution of the repurchase of credits distributed by his banking partners, because of this, he is always ready to seize an exceptional offer for his subscribing customers. Without careful scrutiny of the product offering, then his opportunities are very unlikely to be captured.
He will look for the bank or financial institution that makes the best interest rate for his client. But also, it takes care of obtaining the best general and particular conditions of Gellertment. The advantage of moving to an intermediary in a loan buyback operation is that in a single appointment, you benefit from the entire offer of the credit restructuring market.
A good broker is a professional reagent, that is to say being able in a course of study period to ensure the instruction of the repurchase of credit of his / her client (s). The expert adviser on the purchase of credits personally contributes to the accompaniment of his clients at all times. He keeps his client informed step by step of the progress of his file throughout the study.
What influence does this intermediary have on banks?
The broker has a lot of influence with the banks. He has a lot more weight than an individual during negotiations. His knowledge and expertise gives him the opportunity to negotiate the offer at the best credit buyback rate thanks to agreements with his banking partners. The annual volume of files financed by the broker allows him to influence the negotiation of the interest rates obtained for his clients.
Working in close collaboration with the banking institutions, the intermediary in banking and payment services establishes close professional relations with his bank interlocutors. A habit of working together allows the broker and the partner banks a better understanding of the file when exchanging information and documents necessary for its analysis.