more and more French people can no longer repay their loans

Repaying credits, with inflation, is becoming a challenge for many. “I have two outstanding mortgages. It’s more and more difficult with the period we live in: inflation, the increase in energy“, laments a Parisian. According to the Banque de France, credit repayment incidents are rising. They would have increased by 10% in one year. Difficulties can occur on any type of loan: consumption, to buy a car or even l ‘real estate.

Loans to buy a property have exploded. With the low interest rates of recent years, households have gone into debt, sometimes too much. Today, they can no longer repay. “In general, people can deny on some expenses, outings if they have any, (…) but when you no longer repay your credit (…) it means that you no longer have a choice“, explains an expert. Some situations can go as far as over-indebtedness. Nearly a quarter of the files filed today include unpaid mortgages.