The debts of French households are increasingly critical. If we take the time to analyze the reports issued by the Bank of United States , we can see that the debt of French consumers reaches the sum of 1189 billion us dollars. An amount that was practically half in 2005.
Franche-Comté, which is formed by the departments of Jura , Doubs , Territoire-de-Belfort and Haute-Saône , is not spared by this problem of household debt. For your information, remember that even though Franche-Comté and Burgundy merged in 2016, this post only looks at the situation of residents of the Franche-Comté region and the options available to them for going out. debt.
What are the causes of debt in Franche-Comté?
The causes of indebtedness in Franche-Comté are notably caused by unemployment . Even if Franche-Comté is one of the regions least affected by the lack of employment (10% in 2015), certain employment areas such as Belfort and Vesoul still have high rates. The Lons-le-Saunier employment area is doing relatively well since the rate was around 7% in 2013, which remains relatively low compared to the critical threshold, as is the Besançon employment area (around 9% in 2013).
Of course, rates are not sufficient to indicate the importance of this criterion in household debt. We must also look at other factors such as the increase in real estate prices , price inflation or even everyday events that play a role in household indebtedness. Be careful, debt is an intermediate state .
It cannot be compared with the over- indebtedness which pushes households to find an ultimate solution to be able to get their heads out of the water. When we talk about debt, we are talking about a comfortable financial situation, but one that can improve over time or deteriorate when the environment becomes unstable.
The solution offered by financial organizations
To avoid taking a dip in over-indebtedness, financial organizations offer to buy back your credits. The main purpose of this idea, which is still a loan, is to reduce the amount of monthly repayments. To put it simply, an organization lends you the sum corresponding to your outstanding debts.
This sum will inevitably be subject to a new interest rate and to a spread over time. To allow a considerable reduction which will allow the household to live in better conditions, it is imperative to increase the total cost of credit ; this is certainly the disadvantage of consolidating credits . However, isn't that a good price to pay to avoid being banned from banking ?
Finally, you have to know that it is possible to redeem consumer loans such as mortgage loans . The conditions depend mainly on the organisms. Compare without hesitation in order to play the competition to find the perfect solution for your situation!