Credit Usage Remains Constant – Bank Loan

Financing is used regularly in more than one in three households. This ratio remains constant for the year 2018 according to the current consumer credit index. 


Personal loans at previous year’s level

Personal loans at previous year

Twice a year, the consumer credit index uses the consumer loan index to determine the probable borrowings in the coming twelve months on the basis of a representative survey. 2,000 consumer households were surveyed for the current study – 200 more than in the previous year. With a value of 111, the index for 2018 provides a stable forecast overall. Below 75 points, credit usage is declining; a value of 125 and more indicates an increasing use of credit.

The survey is conducted for different consumer sectors and compiles the respective credit index. In the categories cars, furniture and kitchens, consumer electronics, large household appliances and other acquisitions, the acquisition planning and the financing planning of the respondents are determined. This will give an overview of the trend towards borrowing in the coming months.


Increasing prognosis is relativized


The slightly positive trend from the last forecast – which stood at 126 – has not solidified. Above all, the rising forecast for large household appliances from the last report in 2017/2018 has changed from 193 points to 142.

Although this is still an upward trend for refrigerators and Corporations, it is far below the forecast of the survey from mid-2017. For furniture and kitchens, the consumer credit index has dropped significantly from 141 to 85 compared to spring 2017.

Overall, consumers are planning for 2018 a bit more subdued compared to the last survey. As in the previous year, the concrete purchase intentions are lower (98 points) than the fundamental willingness to finance (113 points).

However, the changes are unlikely to result in a significant cut in overall development – consumer credit should be used to a similar extent in 2018 as in the previous year.

Microcredit, for memorable holidays – Fast Loan

Many are the people who can not apply for a standard bank loan. They have a solution a major alternative, microcredit. This type of credit is suitable for people who are in financial difficulty.

They can be unemployed, stuck at the Bank of France or with low incomes. Also, the borrower is accompanied by a referee, both on his credit application and throughout the repayment period. Microcredit can satisfy the satisfaction of a justified need, such as the purchase of a vehicle, the payment of vocational training and other. There are some types of microcredit.


Personal microcredit

Personal loan

Personal microcredit is used to finance specific needs, which may include housing, training or return to work. It can also take into account the expenses of life accidents such as divorce, health problems, funerals or even dismissal. His main goal would be to reintegrate the borrower into society, allowing him to maintain the unity of his family.


The professional microcredit


This type of loan tends to meet the needs of micro-entrepreneurs. It can be used to facilitate the creation of businesses for people in difficulty. Its purpose is to support bundled micro-projects, without requiring guarantees. It imposes a certain solidarity between the beneficiaries. This type of loan also makes it possible to strengthen social bonds, to establish a social guarantee, to encourage borrowers to repay their loan, as agreed. Also, the beneficiaries have a personalized follow-up, proposed by the associations of insertion, in order to optimize the chance of success of the micro-activities.


Social microcredit online

Social microcredit online

Making a request for a small credit online is possible and accessible to everyone. This practice saves time in its efforts. However, the borrower must always go through making an appointment with an advisor. It should also be noted that microcredit does not fall into a loan without proof. The lender will not fail to ask for supporting documents, allowing it to analyze the situation of the borrower and secure the microcredit.

This microcredit will allow to spend unforgettable holidays with his family. Indeed, the borrowing will have the necessary budget to organize a party as it should be: meals, gifts, the purchase of new equipment, the financing of the trip of his relatives for family celebrations … In short, the holidays of end of the year will happen in the best conditions with microcredit.

Consumer Credit Loan

Since the beginning of 2018, the demand for consumer credit is on the rise. This rise is generally explained by the dynamism of the rates. Focus on the causes and consequences of this increase.

First, it should be noted that revolving credit or permanent credit is part of consumer credit, but because of the strengthening of the law in recent years, the share of these credits has declined. This has tarnished for nothing in the world the popularity of consumer credit.


Reasons for increasing the use of different types of consumer credit

consumer credit

The inflation of personal loans is the first explanation for the increase in the use of consumer credit . This year, we note that many individuals take advantage of borrowing rates that are low enough to apply for a loan, and this, in order to achieve a personal project such as the purchase of real estate equipment. You can probably notice that banks and credit organizations are lowering the margins of the rates they propose to increase their client portfolio.

Borrowing is raging in the automotive sector. Requests for credit for the purchase of a vehicle increased by 20.3% over the previous year. The favorable rates motivate the borrowers. The new standards and measures adopted by the government have something to do with it.


The consequences of the inflation of credit applications

The consequences of the inflation of credit applications

This increase in demand for consumer credit inevitably has effects on the purchasing power of households. These are automatically subject to rising prices for some products useful in everyday life. To support themselves, each household decides to resort to a request for credit …. And so on.

Borrowing money from a credit institution is a quick and easy way to solve financial problems. Some households opt for personal loans to save their resources and money. This allows them to position themselves for funding instead of using savings.

If you decide to get started, you too, if you are interested in consumer credit when you do not have time to go to a financial institution, know that you can make a personal loan online . There are indeed many sites on the Net that offer this kind of service. To find the best credit that suits your repayment possibilities, it is possible to use a credit comparator. You can then have the ideal credit rate that would match your income.