Payment spread: staggering debts


Staggering debts is an “amicable settlement” when one owes too much money to pay it at one time. MarKet presents in this article several representative cases of the punctual payment difficulties and the solutions to overcome them.

The calculator is very useful when making your accounts

The calculator is very useful when making your accounts

Payment of taxes in several times for more details: taxes are our contribution to society, they exist for our common good to all.

If you are an entrepreneur, you can contact the Codefi of his department. The “Departmental Committee for the Review of Business Financing Problems” can therefore freeze the payment of taxes, VAT and even the URSSAF, the time for the company to succeed in coping with this temporary cash flow problem.

The payment can be made over ten years, according to specific modalities, different from those voted at the GA. The law is clear: to avoid the financial difficulties of the most deprived co-owners during important works.

On revolving credit

Taking a revolving credit, which is an easy credit to obtain (compared to other credits), at current prohibitive rates, to pay a large sum of money that was not necessarily anticipated is to be reserved only in case of ultimate impossibility. As we have seen, it is always better to renegotiate a credit, a payment that must be made directly with the creditor, who will often prefer to renegotiate and settle the payment, rather than risking a lawsuit, all the more that he may lose this lawsuit, or even never recover all of his money if the debtor is in a state of civil bankruptcy, of personal recovery.

There are some banks that offer an innovative service to spread the payment of a large expense). These are often only revolving credits, to use when needed. We often advise it: the revolving credit is to be taken only in the case of a one-time expense that does not generate a refund to be made over long periods of time.

You have to be very sure and knowledgeable about what you are doing in terms of “near miss” repayments, with a cool head. It is not so simple if we have an order to pay, that we are pressed for time: we can take the easiest decision, take a simple revolving credit. This is not the best decision financially speaking, but without a doubt the most flexible and practical, which has a cost.

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It is better to spread your debts than to make a new loan.

When a large payment is to be made, such as EDF regularization bill or taxes, it is often possible to ask to pay in several times, that is to say, to spread the payment.

With this staggering debt, it becomes easier to pay back what one owes. Many companies and financial entities can do this without necessarily taking interest. It is also legally possible, when one can not cope with a big sudden spending of money, to ask to spread the payment.

If there is a problem with repayment, it is advantageous for the lender and the plaintiff to find common ground on how to pay back: indeed, taking legal action ends up being much more expensive than spreading a debt. The payment spread is also a service offered by many companies.

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