What a beautiful French region that is Limousin! Did you know that this beautiful country that includes three departments is one of the least populated regions (less than 800 000 inhabitants), but also the region where we count enormously of owners? In Limoges, for example, 91.2% are principal residences (source of INSEE). Although owners, in most cases, Limousines are not spared from debt. What are the causes ? How to regain purchasing power?
Based on the reports issued by the Framu Bank and ASDE, the Limousin region is very affected by unemployment. The Tulle employment basin posted a record 10.7% and Guéret 14.7%. Is unemployment the main cause of household financial worries? It must be realistic, this plague that affects the whole of France is a factor, but it is not the only one. The number of divorces is also high. This change of life inevitably has a negative impact on the treasuries. That is, not to mention overconsumption of credits or useless compulsive purchases.
How do you know if you are in debt?
Here, certainly, is one of the questions that you ask yourself. You have to know that times are difficult for everyone. It is becoming increasingly difficult to save when one is a low – income household with dependent children. Even if State aid accompanies homes to live decently, it is not always within the scope of budgets to be able to have fun fully:
- pay a vacation,
- to afford a computer,
- subsidize children’s education,
- pay health expenses…
To put it simply, a couple (or a consumer) is in debt when their resources are no longer sufficient to cover their long-term expenses. We must, therefore, react quickly, but well not to end up overwhelmed by debts and unpaid. You know that when you no longer respect the payment dates of your bills, we find ourselves very quickly in a vicious circle with no way out. Being a responsible adult means revisiting the management of your cash flow and finding credible ideas to reduce the amount of your expenses.
Requesting a redemption of credits can help you live better!
This concept, which requires the intervention of a lending agency, plays on the rate and duration of the loan to reduce the total amount of credits. In practice, after evaluating the outstanding amount of your various loans, the lender draws up a loan offer. After signing agreement, the lender pays you the value of the new loan. The latter must pay your other credits. In most cases, it is the lender who takes the lead. The remaining cash is paid directly into your current bank account.
After the implementation of this financial operation, the household has only one exclusive partner, which allows to better manage its budget. Consolidation of credits remains a loan that must be repaid even if its purpose is to support you! A product with an innovative concept that must be handled with diplomacy.