Unexpected drop in over-indebtedness in 2020

Posted on Feb 4, 2019 2021 at 19:12Updated Feb 4, 2019 2021 at 19:22

We could have expected that with the year which has just passed, the figures for over-indebtedness are on the rise in France. However, the reverse has happened. They have never even been so low since 1990, the year of the Neiertz law and the establishment of the over-indebtedness procedure.

According to the latest statistics from the Banque de France published on Thursday, “only” 108,731 over-indebtedness files were filed with the institution’s agencies, against 143,080 in 2019. That is a drop of 24%.

The number of households having filed for the first time to obtain the postponement, rescheduling or cancellation of their debts has also fallen in a similar proportion: it has fallen from 81,000 in 2019 to 61,201 in 2020.

The number of households hit by over-indebtedness has been declining continuously for five years. The authorities have taken the subject head-on, in particular by allowing the Banque de France to impose a personal recovery plan on individual creditors without going through the judicial box. In addition, several laws passed during the previous decade have made it possible to reduce the share of consumer loans in over-indebtedness.

Decrease more marked

However, despite the crisis that has plunged many people into precarious situations, the decline was more marked in 2020 than in 2019. The first reason can be summed up in one word: confinement.

We saw a large dip in file submissions in the spring of last year, linked to containment “, Thus explained the governor of the Bank of France, François Villeroy de Galhau, to the deputies in mid-January. ” People weren’t aware that the Banque de France branches were still open », Confirms Pauline Dujardin, spokesperson for the association for the fight against over-indebtedness Croesus.

Same observation in the different premises of this association, which recorded a low visit, without being followed by a phenomenon of catching up after deconfinement. ” Paradoxically, the state measures which weighed on the confinement allowed households to save a little more, which improved their repayment capacity. », Says a banker.

However, the Banque de France ensures that it will remain ” extremely mobilized “And” extremely attentive ”In the face of a situation that could get out of hand in 2021, when business aid will cease.

The rise in unemployment anticipated by the authorities could tip a number of households into over-indebtedness. ” We are in the eye of the storm », Summarizes a banker. Still, in 2020, French households did not load up on consumer credit. Production collapsed by more than 12% over the year.

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