They are hard-working self-employed, each with their own business. Everything runs smoothly . They build a family home. They can pay 20% themselves in addition to the notary fees. They borrow the balance from a major bank at a favorable rate.
After five years, fate strikes: Peter causes a car accident. He has been unemployed for 6 months and must also pay for a substantial compensation. Just before the accident, Peter leased a new van. Carine also bought a new company car, financed through the car dealer.
The costs are accumulating and Peter and Carine are no longer able to pay off their home loans, leasing and car financing. They are reported as bad payers . Their bank starts the procedure of public sale of the property . Panic!
Sally Bowles succeeds in avoiding the public sale of the property.
We find a lender that gives Peter and Carine a bridging loan. Given the situation they are in, this credit is at a high interest rate. Peter’s father is also willing to pledge his home.
Peter is now working again, now as a salaried worker. The self-employed activity of Carine is doing pretty well in the meantime. Their monthly payment is heavy. But they manage to meet their obligations and payments.
12 months later the report disappeared as a bad payer.
Preferably not! But the problems of the past play in their disadvantage. Their former banker no longer wishes to grant a loan. Sally Bowles manages to find a solution, because the work situation of Peter and Carine again generates sufficient income. We find a bank willing to grant a new loan at an acceptable interest rate. We derive the notary fees and the reinvestment fee.
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