2019 Credit Guide

In the credit guide, we cover all areas related to borrowing. You can read each part independently and freely navigate from one page to another.

The information in the different chapters

The different forms of borrowing

The legal nature of a loan depends on its purpose . There are different loans and each of them has its own characteristics and regulations. All forms of credit are studied in our guide to help you understand how it works.

Interest rates

In this chapter, you’ll learn to thwart the trap of rate comparison. Indeed, a TEG is different from a proportional rate . And the lowest rate in the market does not guarantee you the best deal. The overall effective rate remains the best indicator for comparing the cost of credit.

Conducting a good negotiation requires the borrower to discuss each element of their file, ie the type of guarantee, fees or conditions of the insurance. Cost analysis is important, but a financing solution is only appropriate if it takes into account your family situation and your goals.

Redemption and restructuring

Redemption is a sensitive chapter. On the one hand, because those who resort to it are often in a very difficult situation (as is the case with most restructuring files) and on the other hand because the lack of transparency of certain pseudo-professionals must urge you to be very careful.

To avoid any mistake, we detail a process that consists in first meeting with your creditors to negotiate an amicable solution . If this step fails, the second step that we advise you requires filing an over-indebtedness file to the Bank of France. It is only as a last resort that we must consider buying back our debts from a specialized body.

Do not decide in an emergency even if your situation requires it to act as soon as possible. Take the time to analyze the banking proposals. Know that spreading your debts over a long period increases the cost sometimes very important.

Consumer loans

This chapter deserves special attention. The objectives of the guide are:

  • To inform about consumer protection and the regulations in force.
  • Explain the operation of the different formulas (personal loan, money reserve …)
  • Help borrowers to beat the pitfalls.

We are also developing the most important aspects of the Lagarde Law, passed on July 2, 2010, the last part of which has been applied since May 1, 2011 and the Hamon Law in force since March 2014.

Loans between individuals

You will find complete information on the loan between individuals. In 90% of cases, the proposals lead to scams. We only detail the offers issued by organizations with state accreditation.

Money reserves

Widely criticized by consumer associations and in the crosshairs of public authorities, revolving credit is offered by network banks or their specialized subsidiaries, as well as by major retailers. The regulation is not strict enough and combining the cash reserve with a payment card presents obvious risks to low-income households. We detail the operation and provide you with all the useful advice.

The mortgage

The mortgage makes it possible to guarantee a loan, whether it is to buy a new property, to repay household debts, to carry out work or simply to benefit from additional cash.

In this category, the mortgage life loan is particularly suitable for borrowers who have ceased their professional activity, repayment occurs on the death of the borrower. It is offered exclusively by the Crédit-Foncier branch network. This formula however has 2 risks:

  1. The heirs are aggrieved
  2. The cost is particularly high.

Other organizations propose a different formula with the possibility of amortizing the capital as soon as the funds are disbursed. These solutions are a suitable response for retirees, even if it is necessary to be vigilant, because they diminish the inheritance and hurt the possible heirs.


Muhammad Yunnus gave birth to microcredit. In the seventies, this young economics professor in Bangladesh helps a woman, forced to borrow from a usurer every day the amount needed to make chairs, she resold to the same person down price.

In France, it is Marie Nowak who developed the activity. Today, many associations grant small amounts of financing to entrepreneurs who are excluded by banking networks.


Unlike Anglo-Saxon countries and especially the United States, French law protects borrowers . Indeed, the public authorities have largely legislated and the regulation of credit makes it possible to protect against intermediaries sometimes unscrupulous. After the Neiertz and Scrivener Laws, the Lagarde reform and then the Loi Hamon reinforced the protection mechanisms, even if everything is not perfect.

The company

Business financing does not respond to rules that are very different from those of the individual. The risk analysis is simply more complex , given the uncertainties associated with the entrepreneurial condition and the economic crisis that has tightened the conditions of access.

The immo loan guide

You will also find a complete guide on mortgage lending that will help you prepare your financing study in the best conditions, to compare different banking offers, but also to negotiate the best conditions.

Here you will find all the useful information on regulated loans and on all home ownership grants issued by the state or local authorities. Simple simulators of use at your disposal. We also offer you several simulators, simple to use and particularly practical to allow you to perform all kinds of calculations: determine your borrowing capacity or your debt ratio, assess the notary fees or calculate the cost of credit.