According to the affiliation, these loans in default may exceed 12 billion euros in 2021.
She calls them the “push-to-crime“. In a study revealed Wednesday, December 16, the UFC-Que Choisir denounces the angle of sure corporations which push the French to take out consumer loans regardless of the context of financial and well being disaster. “When Sofinco encourages people to take out loans that can be reimbursed after the holidays, its colleagues in long-term car rental (LLD), like Toyota Financement, are offering six-month rent deferrals!», Denounces the consumer association which is alarmed by the high level of loans in default in households.
Before the crisis, French banks would have, according to the UFC, accumulated 9 billion euros in debt that their customers are not able to honor. “Per borrowing family, these arrears exceed 1,000 euros, virtually ten occasions greater than in Germany», She emphasizes. The state of affairs has deteriorated additional with the disaster, particularly since the moratoriums granted in the spring are, “for two thirds”, Which expired in November. So, “While 900,000 shoppers are getting ready to lose their jobs, consumer loans in default may, in keeping with our estimates, exceed 12 billion euros (+ 40%) in 2021She writes.
Call for warning
The affiliation denounces “a serious lack of vigilance in the conditions for granting loans»From banking institutions. It points to the BNP Paribas group and Société Générale, of which 7.1% and 5.6% of consumer loans are in default, respectively. These same establishments are reluctant, according to the UFC, to restructure the debt of their troubled customers. This procedure concerns “30% of circumstances on common, and solely 18% at Société Générale“.
The association is also alarmed by the European Commission’s plan to “purge financial institution steadiness sheets of their rotten loans»By facilitating their resale to assortment corporations. “While these sales could double to reach 7 billion euros next year, the local associations of the UFC-Que Choisir are already witnessing an explosion of complaints due to the lack of safeguards to the aggressive practices of the companies of recovery“, Notes the UFC. The affiliation plans to publish, in January, a examine on “exhaustive analysis of deleterious actsOf these companies. And now, it makes available to consumers “a decision tree as to what to do in the occasion of an try to gather a consumer credit“.
The affiliation additionally calls on lawmakers to pressure banks to suggest a restructuring measure from the second compensation incident. In the meantime, she gives a standard mail permitting to use for a restructuring of credit and calls on the French to “prudence»Before any new subscription.
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