What criteria do banks take into account?
In recent months, banking establishments have sharply tightened their conditions of access to credit.
"Each file is closely scrutinized: the income you receive, your employment contract, the sector in which you work or the property purchased"
, specifies Sandrine Allonier, responsible for partnerships and communications at Vousfinancer.com.
How to explain this turnaround?
In December 2019, the High Council for Financial Stability (HCSF) recommended that banks no longer exceed the debt ratio of 33% and not grant credit for more than 25 years.
These recommendations led to a refusal of financing for many households, especially the poorest.
Read also: Do banks refuse more mortgage?
At the broker Vousfinancer.com, for example, the rejection rate fell from 5.4% in July 2019 to 9.8% in July 2020. The economic crisis linked to the Covid-19 pandemic further complicates the situation.
With the wave of layoffs announced since the summer, banks are studying the universe closely
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