Conso credit: activity almost stable in October


The production of consumer credit continues to slow, according to the latest figures provided by the ASF (Association of Financial Companies). In October, activity was almost unchanged ( + 0.3% over one year ).

Consumer credit: contrasting variations

Consumer credit: contrasting variations

The survey shows at least mixed results. For example, quarterly production is up 4.2%. A good progression, but it is advisable to relativize it if one compares it with the peak of production reached in September 2008 (-15.2%).

All funding is down

All funding is down

By type of loan, it’s simple, all the financing shows decreases:

  • The appropriations allocated: -4.8% over one year, of which – 3.8% for the credits financing the equipment of the household;

  • Renewable credits: -2.6%;

  • Personal loans: -1.8%.

Good to know
To obtain the offers of revolving credit and personal loan, no secret, it is necessary to comparer. Auto loan, motorcycle loan, personal loan, credit work or revolving credit, we advise you to carry out simulations of credit conso to prepare your project.

Except the LOA

Except the LOA

In the end, the activity is saved by the rentals with option to purchase, more commonly called LOA. In terms of volume, we are still far from conventional credit operations: 505 million euros, against 2 919 million euros. But the increase in production is considerable. It even accelerated compared to last month: + 24% in October, against 19.6% a month earlier.

For the record, the LOA is a solution for renting a property, with the possibility of buying it at the end of the rental period.

This financial solution is particularly used by buyers of new vehicles. As such, the ASF figures for the production of automotive LOA are clear: it increased by 25.7% in October.

 

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