Credit Is he sounding the alarm?

26Feb/09Off

In France nearly one in two households had to resort to credit;

And we find that they have more children, households borrow more and more the amount of borrowing is high.

We find that workers and employees are less likely to use credit than other workers in comparison with the independent farmers who sometimes needs large investments (machines, tools and operating costs)

At the top of the credits we find:

Loans to real estate of (mainly for the purchase of a principal residence)

Credits cars and bikes

But the number of consumer credit is very strong increase in recent years Notament because of declining purchasing power.

It is becoming increasingly popular especially among 25 - 34.

The credit in any form whatsoever is in France the leading causes of households.

The figures are alarming: in 2007 more than 7 million French were heavily indebted.

In 2006 after the Bank of France about 700 000 cases of indebtedness incurred on summers and about 750 000 in 2007.

Tagged as: Credit, debt, debt collection, financing, Loan Comments Off

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