Consumer credit: preferred projects in the face of unforeseen events
May 10, 2019
Contrary to popular belief, the credits conso do not primarily serve to cope with the unexpected but rather to buy a car, do some work … Here is the robot portrait borrowers.
To subscribe a credit conso, a very thoughtful act
Cofidis drew a portrait of borrowers who take out a credit conso and it appears that in France this type of credit is mainly used to finance sustainable projects (car purchase, work …) Only 18% of French take a credit to offset their budget constraints, make ends meet.
To subscribe a credit would therefore be a considered act for most households and corresponds to a concrete project. The crisis has passed by, but also the consumer protection laws that have changed the credit landscape, such as the Lagarde or Hamon law.
More than 25% of French households have one credit and borrow on average 8585 euros. 14% of French people have taken three or more conso credits (54% have only one and 31% have asked for two in the year). Nine out of 10 borrowers report repaying without difficulty and the demand for online credit has increased sharply (30%).
Women have another approach to consumer credit
Another survey was conducted by CSA on behalf of AstroFinance on consumer credit. It shows that women are more wary about the benefits of short-term credits. 14% of women say they do not subscribe to consumer credit because they do not trust banks or specialized organizations against 7% of men.
One in six men said they had applied for and received a consumer credit in the past year, compared to just over one in ten (11%). Women are more cautious and are twice as likely as men to be afraid to commit to a repayment period (13% versus 6%).
Purchase of credit and withdrawal period
If you have several conso credits, it is possible to combine them into one via the purchase of credit with a certified body like Creditorte. A credit conso can not be greater than 75,000 euros, against 21,500 euros before the Lagarde law. In this case the credit offer signed the withdrawal period begins to run .
In the context of a purchase of consumer credit a 14-day period, called withdrawal, is triggered from the date of signature. This withdrawal period allows the consumer who has signed a contract to return to his commitment without being penalized. During this period of reflection you can accept or refuse the offer of the bank but the funds will not be released until the end of the 14 days. This period starts from the day of acceptance of the prior offer of credit agreement. To cancel you must return the withdrawal slip obligatorily attached to the offer.