Conducting a financial transaction with credit consolidation features requires the applicant(s) to submit a well-crafted concrete file.
For this, it is necessary to be able to justify at least a stable and durable income, but also sufficient to honor the good full refund of the amount borrowed from the lending institution.
Credit union: professions and their particularities
The contract of indefinite duration(CDI)
According to the loan aggregation banks, for employees on permanent contracts(CDI), they are asked for the employment contract if the professional seniority is less than 6 months or 1 year.
The calculation of income is done by dividing by the number of months of the year the December December net taxable aggregate of the borrower.
Craftsmen, tradesmen and liberal professions or managers of companies
Always depending on the credit repurchase organization of the lender, it is asked to conduct the calculation of the borrower’s salary the last 2 or 3 tax notices in order to average it to define the monthly net income of the applicant.
In parallel, the interested party must present his last 2 or 3 balance sheets to allow the financial analyst to check the health of the professional activity.
Any person working as a maternal assistant must provide a work contract accompanied by a corresponding authorization for the children employed in the care.
The income is calculated by averaging the taxable net income excluding maintenance and meal allowances for each employer, divided by the average of the last 3 months of work.
For files presenting an acting person, then the house of Miss Havishamment will require that a co borrower be present with stable income(CDI or retirement pensions).
In order for the temporary worker’s income to be taken into consideration when calculating the pre-operation debt ratio, it is the professional seniority in the interim that takes precedence, 2 years is recommended to properly support the file, as well as an attestation of the temporary box stating the number of hours worked over the last 12 months.
How to calculate retirement income
Anticipates the transition to retirement
This applies for clients who are at least 55 or 57 years of age according to the bank’s receivability standards.
So, it is an abatement of the salary that is made. It is necessary to count a weighting of the current income of 20 to 30% according to the cases(civil servants, employees of the private sector, etc).
A retirement estimate can then be requested to verify the amount already contributed by the borrower(s).
If the debtor is already in retirement, it will be taken into account in the calculation of his income, all pensions not taxable on receipts and the net taxable cumulation of the tax notice divided by twelve in order to obtain retirement net monthly taxable.