To avoid excessive credit, the court proposes to file borrowers


To fight against over-indebtedness, the court wants to create a register of borrowers holding several consumer loans.

The fight against over-indebtedness, 

The fight against over-indebtedness, 

To finance consumer goods, French customers have the opportunity to subscribe a personal credit. With the money released, they are able to finance the purchase of furniture or services. Consumer credit allows you to buy a new vehicle, prepare an event or plan a trip or work.

But there is a risk for consumers: to cumulate several credits. On a daily basis, an accumulation of loans leads to an increase in the debt ratio of a household. Indeed, with several monthly payments to repay, his budget can quickly be started. It may, therefore, be difficult to pay each monthly payment. Contractually, the borrowers undertake to repay the sums borrowed as well as the interests but in case of default of payment, their situation can quickly become delicate.

For several years, the idea of ​​registering borrowers in a file has made its way. The idea of ​​a borrower registry would help to reduce the number of over-indebtedness cases. In 2014, the Hamon law attempted to introduce the creation of this file. However, the council had censored this provision by raising its attack on the privacy of the French. At the time, 12 million people were concerned by a registration.

A file to avoid the accumulation of consumer loans

A file to avoid the accumulation of consumer loans

The court recently delivered the results of its survey on public policies of banking inclusion. The institution responsible for monitoring public accounts recommends creating a shared file. The idea of ​​a register is thus returning, it would this time be refocused on the holding of multiple consumer loans managed by the bank.

An alternative to avoid “overpayment” is also proposed by the court: make it mandatory for the borrower to provide the last 3 statements of bank accounts. The lender would thus appreciate the applicant’s debt capacity. But in practice, such an obligation would be complicated to apply. In many cases, consumer credits are contracted directly at the point of sale. Excluding all bank, customers do not have their statements available when it comes to subscribe to a revolving credit in supermarkets.

Finally, in order to avoid a situation of over-indebtedness, the credit consolidation operation gives the possibility to a borrower household to reduce their debt ratio. On this occasion, a new project can also be included in the operation.


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