If you live in a common-law relationship, you are married or pacsed under the segregation of assets, you can carry out a credit buyback operation without your spouse being associated. But the debts subscribed to be grouped must absolutely be in your own name. Similarly, if a property must be mortgaged, it must be under the name of the only borrower.
However, it is possible that your file is more likely to succeed if your spouse is associated. Indeed, his income and his situation (employment, savings) will be taken into account. The family situation is integrated into all these criteria.
If you are under the separation of property regime, it is possible to make a credit surrender alone if there is no joint account. If this type of account exists, it will not be accepted by the bank. To make a credit redemption alone or without your spouse, your only income must be able to repay the maturity and the household’s overall indebtedness ratio is reasonable.
Spouses are in solidarity with the debts
In general, in case of credit, the spouses are in solidarity with the debts. Spouses can take loans individually for the needs of everyday life for small amounts. Solidarity no longer applies in the case of excessive expenditure in relation to the standard of living.
When a spouse / spouse contracts only a loan, he commits only his own property and income. In order to seize the commons, the creditors must have the express agreement of the spouse, who in this case does not bind his own property.
However, according to settled case law, if the loan signed by a spouse relates to “modest amounts necessary to the needs of daily life”, the two spouses become solidarity. The creditors can therefore seize, at choice, common goods, wages or the property of one or the other of the spouses.
Request for co-borrower
If your debt ratio is considered too high if you are the sole contractor, the bank may ask you to provide a guarantee: a property, savings and / or a co-borrower.
But banks prefer couples …
Banks prefer to lend to couples, especially in terms of mortgage credit. A credit broker published in February 2018 a study showing that 70% of borrowers are in a couple (married, pacsé or other …). This type of profile is preferred by banks because less risky and more profitable. When we are two, we have more income, more borrowing capacity and repayment, the rest to live asked is proportionally higher. We therefore ask more income from a single buyer to be able to borrow.
GoodEarn Credit advisors are trained to accompany you and guide you in your loan consolidation process whatever your personal situation.