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Consumer credit: interest rates are rising


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Consumer credit: interest rates are rising

C.Tixier J.Poissonnier, M.Damoy, S.Lisnyj B.Veran, P.Juvigny, D.Chevalier – France 2

France Televisions

As states attempt to contain rising prices, the most common solution is to raise interest rates. But then credit becomes more expensive. Many French people, however, take out consumer credit to get by.


Loans accessible in a few clicks to finance projects or daily expenses. consumer credit is again acclaimed by households with budgets tight but however, interest rates are sometimes high. A borrower Aurélie Pillouxhas just borrowed 7,000 euros, repayable over 3 years. This mother earns less than 2,000 euros. With an unexpected expense, consumer credit imposed itself on her. I am more comfortable repaying the loan every month than being overdrawn‘, she testifies.

More and more French people subscribe to these credits, especially personal loans, which are not reserved for specific expenses. The average personal loan rate is going up. He stood at 3.77% in May 2021 against 3.95% in May.

Among our sources:

Squirrel: market research company specializing in consumer credit. It performs personal loan simulations with 39 financial institutions.

Meilleurtaux: expert loan broker

Non-exhaustive list.




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