Continue to buy, even if it means going into debt… Faced with the decline in their purchasing power (the rise in prices reached 5.6% in March over one year in France), the most vulnerable households resort more to loans .
Revolving loans - these reserves of money at high, even staggering rates (from 7% to 20%)
- are making a comeback.
The production of these credits increased by 14.7% in January over one year, according to the latest available figures from the Association of Financial Companies (ASF), which brings together establishments specializing in credit.
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Revolving credits are no longer taken out to buy a computer or a sofa.
They are there to make ends meet.
“Households, tell us
, recognizes Julien Cailleau, Deputy Managing Director of Oney (BPCE group).
Many of these loans are taken out in the second half of the month, and often for small amounts.
Many of these revolving credits are taken out during the second half of the month, and often for small amounts
Julien Cailleau, Deputy Managing Director of Oney
Many French people prefer to use this instrument rather than find themselves in the open...
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