Credit organization for bank bans
For lack of refund, check without provision, abuse of bank card, there are several reasons to be on the files of the Bank of France. In 2015, around 1,500,000 people were even banned from banking in France. The consequences are heavy: withdrawal of means of payment, inability to subscribe to a new credit etc. Now, it is obvious that it is these same people who need money to get out of this complicated situation. So what are the solutions? what are the credit agencies for bank bans?
What is a banking ban?
Being bank prohibited means that the consumer is registered on the Central Bank Check File of the Banque de France (the FCC BDF). This consumer is removed his checkbook and other means of payment, his authorization of overdraft is also suspended. This prohibition is valid not only in the banking establishment that it frequents, but also in all the other banking organizations, and on all the open accounts of the customer. All banks have access to Banque de France files. Each organization has the ability to check the files and thus an individual’s file. The registration on the FCC file is a maximum of 5 years, the latter ends when the consumer has repaid his debt, and any penalties and the creditor agency has informed the Bank of France of the regularization of the file.
On a daily basis, this banking ban is therefore very restrictive, the consumer having to go regularly to his bank to obtain money, within the limits of the funds available to him. In addition, the individual will be almost systematically refused any loan application by a bank. Indeed, the risk for banks being too important, they refuse to lend money to people BDF file (people listed for accident refund generally see their application for credit refused). However, nothing prevents organizations from becoming credit organizations for bank bans. Indeed, legally there is no law that prohibits the subscription of a credit or the opening of a bank account in a French institution. The law for banking prohibitions intervenes only on the means of payment.
If the most obvious solution to no longer be banned banking is probably to repay its debt, it is also the most difficult. Some organizations have become credit organizations for bank bans.
Credit organization for banking bans and “mortgage credit”
Being a tenant or homeowner can help the individual obtain money from a bank forfeited credit agency. Indeed, in the case where the individual is the owner of his home, some credit agencies for banned banking offer the consumer to make a mortgage on their property. In this case, this property will be used as a deposit.
This deposit by the contribution of a property is an advantage for the consumer. This solidifies his record and reassures the credit organization for banned banking. Nevertheless, the consumer must be aware that this type of placement is dangerous. He risks losing everything if he is no longer able to pay. Indeed, in the case where the consumer can not honor his debt, the credit institution for bank bans can make a seizure of the property and ultimately put it on sale for reimbursement.
On the other hand, when the individual is a tenant, no property can be mortgaged, things will be more complicated, credit organizations for bank bans having no guarantee. However, there are other ways to get credit from credit agencies for banned banking.
Credit agencies for bank bans and pawnbrokers
When the individual possesses valuable material assets, he has the option to appeal to a credit agency for bank bans specialized in pawnshell. The individual will leave his property as a deposit, and can recover it by returning the amount he has been lent. In the event that this sum is not returned within the allotted time, the property would be seized and put up for auction.
Credit institution for bank bans and micro-credit
Another solution for the individual is to carry out a micro credit made to credit organizations for banned banking such as municipal credits. Indeed, some municipalities have a budget to help people in financial difficulty. The Municipal Credit of the city of Paris has, for example, an activity of credit organization for banking prohibition. These are micro-credits from 300 to 3000 euros, with an interest rate of 4%, repayable over a period of 6 to 36 months. Since 2008, however, very little credit has been granted. This micro-credit can not be used for the creation of a company.
Credit institution for bank bans: banks online
Few banks are ready to become credit bans. Several banks may nevertheless be soliciting. The NEF (cooperative solidarity finance) offers the consumer banned bank credits to maintain a professional activity, support a social purpose association or carry out work in their homes (as long as they comply with the ecological charter of the credit organization for prohibited banking). The consumer will have to inquire according to his project to know the different options available to him.
Other banks offer solutions to the inhabitants of the Paris Region and the Paris region. For example, Banque Postale, the Caisse d’Epargne Ile de France and the Laser Cofinoga are credit organizations for bank bans.
Credit Organizations for Bank Prohibition: European Banks
Although this is regularly posted on many websites, it is very rare for foreign banks to become credit agencies for bank bans. The individual can easily open an account (in Switzerland, Belgium, Luxembourg and even outside the European Union, Canada). The individual must first regularly feed his new bank account to create a history in the bank. Nevertheless, if this solution allows the individual to find means of payment, the body is struggling to become a credit agency for bank bans, for lack of evidence, strength of the file and security.
Other credit organizations for bank bans
The Family Allowance Fund
The Family Allowance Fund (CAF) can be listed in credit organizations for bank bans. Indeed, this establishment allows the recipients in situation of ban banking, residing in France, that they are owners or tenants, to request funds to carry out work in their house. Even if no means test is requested by this credit institution for bank bans, since the credits are limited, the CAF classifies the requests according to the urgency of the situation and the standard of living of the recipients. In addition CAF can allocate other credits according to the requests of its recipients to for example improve the daily life and to face needs.
Other credit organizations for banned banking are reserved for individuals wishing to start a business creation. ADIE will support the projects of the consumers, by helping them in the realization of their project.
The Red Cross
Like CAF, the Red Cross can also help consumers in need. This association becomes a credit organization for banned banking by allocating a part of its budget to help with financing. The Red Cross intervenes nevertheless according to the state of emergency of the situation.
Participatory and private financing
Credit agencies for bank bans can also be pawnbrokers or sites allowing individuals to carry out their project. These credit organizations for bank bans are few but tend to multiply. The private individual in a situation of banking prohibition can also get closer to credit organization for banking prohibitions specialized in the loan between individuals. More and more common, this practice allows the investor to grow his capital and the borrower to repay with higher interest rates. The particular is generally less suspicious than a credit organization for forbidden banking type bank. The latter to overcome a possible default of payment offers loans with very high interest rates (at the limit of the rate of wear, or the maximum value that the rate may take at the time of the subscription of the credit agreement ).
Although binding a banking ban does not limit the individual in the realization and demand for a consumer credit. Nevertheless, credit agencies for bank bans are few and the process may be long and dangerous. If the easiest solution would be to repay the debt, it is also the most difficult. The individual may also consider the credit, to achieve a pool of credit or buy back his credit to reduce its budget, for a short period. top