The principle of repurchase or consolidation of credits is to refinance with a new single credit one or more current credits, usually taken out in different institutions. You then pay only one monthly payment. The redemption or consolidation of loans usually involves a change of bank in order to benefit from better borrowing conditions. Your new bank then buys back the loans to be pooled and refinanced and repays them for you, and then makes you a new single credit on terms that are more advantageous to you.
Want to reduce your monthly repayments? With a credit buyback, consolidate your debt into a single new credit with a lower credit rate and an extended repayment period.