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 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[…]