Credit consolidation: instructions for use The consolidation of credits was previously called ” credit repurchase “. Credit restructuring and credit consolidation are also terms that can be used to designate credit consolidation. Clarification at sbs-internetsolutions.com The grouping of credits was created in the course of the 1980s. It mainly concerns people or households in a situation of over-indebtedness. It consists in closing the various credits in progress by paying off their capital and then replacing them with a single credit, with different lower monthly payments, payable over a longer period. The purpose of grouping credits? Stop the downward spiral of over-indebtedness. Two kinds of credit grouping should be distinguished: The grouping of consumer credits : the grouping of consumer[…]