Three firms that supply microcredit gives (as much as € 1,000 and for a most of three months) are within the sights of the UFC Que To Choose. The client affiliation has filed a complaint and denounces misleading industrial practices. The three firms clarify themselves.
The client affiliation UFC-Que Choisir has filed a complaint with the Paris public prosecutor against Bling, Cashper and Floa Bank for misleading industrial practices regarding their micro-credit gives.
“We have found that the marketing of these operators, who charge absolutely incredible rates, masks the reality of their offers. It is extremely interesting at first glance” however “the interest rate is not put forward”, defined the president of the affiliation, Alain Bazot, on the microphone of RTL.
UFC-Que Choisir thus accuses in a press launch printed Thursday the three establishments of concealing “real interest rates up to a hundred times higher than the usury rate”, that’s to say the utmost authorized charge licensed for a traditional credit score, within the case of Cashper.
In a response, the corporate Floa affirms “that it applies a transparent commercial policy towards its customers. The costs of our + mini loans + are clearly displayed from the first page of the site and during all the stages of the journey, so that the consumer is fully informed before subscribing to it “. “The choice of instantaneous release of funds is an option in the hands of the customer, the pricing of which is perfectly transparent. The fees that we apply fully comply with the regulations in force,” the corporate continues.
For its half, Bling denounced “false accusations and seriously damaging to its reputation”, affirming “that in any case it is not a bank or a credit organization” and that it “does not charge interest rates. ‘interest and no hidden charges. “Our advances, for a most quantity of 100 euros, are free (paid between 3 and 5 days). Only the moment switch is billed: it’s supplied as an choice for the only charge of seven euros. Our prospects are additionally scrupulously warned of the chance of non-reimbursement, “says the corporate.
Up to € 1000 and a most of three months
Microcredits are loans of as much as 1,000 euros and for a interval of lower than three months. “These credit escape the regulation on credit score as a result of they’re very small credit: insofar as it’s lower than 3 months and fewer than 1000 euros, the regulation doesn’t handle it. We ask the authorities. public to contemplate that they’re credit just like the others, with a proper to data to understand how a lot it prices, which is masked, defined Alain Bazot.
After having requested a credit score, the buyer is positioned in entrance of a “pernicious” dilemma, in line with the UFC: both he waits 14 days earlier than benefiting from the credit score, and the advance is free or restricted, or he requests its speedy fee, and “the note usually flames instantly”.
According to Bling, 80% of shoppers request the “express formula”.
And in line with UFC-Que Choisir, “apart from Cashper, none of these companies bother to warn Internet users about the risk of non-repayment of a loan”, which banks are required to do for mortgage or client loans. “Such a pitfall is all the more serious as they (Cashper, Bling, Floa Bank) particularly target the most precarious (fixed-term contracts, young people, files at the Banque de France, etc.)”, denounces the affiliation.