The exigibility is the fact for a creditor to be able to immediately claim a part or the totality of the sums due by his debtor (for example the unpaid due dates).
When you borrow money from an institution credit, you sign with his representative a credit agreement which defines all the terms of your loan. In the case of a depreciable loan, there is in particular an amortization table showing all the dates of deduction of the monthly payments until the end of the repayment of the credit. In revolving credit, the contract defines a monthly due date that corresponds to the date of deduction of sums due over the past month.
Limits defined in the contract
When you sign your contract, one of the most important commitments is the date of deduction of the sum that will pay you partially or totally your ready. This date marks the due your payment, that is, the moment when the payment of your repayments, with financial or other charges, becomes mandatory.
A possible suspension of the exigibility
The obligation to pay on that day means that if you do not do so, your lender has the right to compel you to do so. However, as a general rule, a loan agreement will consider the hypothesis of temporary difficulties preventing this payment. It will then provide for the possibility, under certain conditions, of postponing the date of sample. Request a refund break
If you need to request a break in your payments, do not hesitate to contact Pre-finance advisers. With you, they will examine your contract and propose a solution adapted to your situation. All credits Pre-finance provides the possibility of a monthly break, under certain conditions.
Pre-finance advisors can also offer you to subscribe to the credit of guarantees insurance in case of accident of life.