It is possible, as a borrower exercising a liberal profession, to have access to the repurchase of credits, within a well defined framework and a context of income stability.
Liberal professions: a precise professional framework
The liberal professions have a special status made of constraints (in particular deontological) and specificities. They are found in various sectors, including the following:
- legal: lawyer, bailiff, notary…
- medical and paramedical: doctor, nurse, masseur-physiotherapist…
- construction: architect, surveyor…
The income of liberal professionals can be higher than that of employees in the private sector. However, they are subject to the vagaries of activity and the amount of their fixed costs. In addition, the separation between private and professional assets is often tenuous.
The buyout of credit for liberal profession: how does it work?
The repurchase of credit for liberal profession makes it possible to cover the loans engaged on a personal basis. As in the case of a traditional credit buy-back, this solution makes it possible to group all the credits or debts under a single loan, so as to no longer repay a single monthly payment, for a lower amount.
The repurchase of credit when one exercises a liberal profession can be useful to allow the realization of a project, when the rate of indebtedness hinders the feasibility of this project. The latter can also be financed by including cash in the grouping of loans, in order to keep a comfortable living income, by spreading its repayment over time.
What are the loans and debts concerned?
The situation of a person exercising a liberal profession is to be compared to a person practicing as a craftsman or a trader: only personal credits are taken into account, in a context where incomes are stable and sustainable.
In rare cases, it is possible to include professional debts. Very few establishments offer these solutions, which include, for example, mortgage, consumer loans, URSAFF late payments or even business tax… In all cases, these are mortgage loan buy-backs only.