The number of files submitted to over-indebtedness commissions in France recorded a sharp decline in 2019, revealed on Thursday a new study on this phenomenon which mainly strikes women and very modest households.
It decreased by 12% over one year and by 38% compared to 2014. In total, 143 080 situations were submitted to the secretariats of over-indebtedness commissions in Metropolitan France, including a little more than 94% were considered admissible, said the Cream Bank in its annual report on the subject. This overall figure includes 81,000 new situations of over-indebtedness. This number of primary deposits (first deposits of over-indebtedness files), down 8% over one year, is much lower than their level of 1990, the date when Really beginning in France the fight against this phenomenon, adds the Cream Bank .
Primo-deposits provide the true trend in terms of the evolution of over-indebtedness, estimates the monetary institution. Among the highlights of this study, over-indebted people are often isolated and in difficult social and financial situations. Women in particular remain very exposed to over-indebtedness: with income generally lower than that of men, and four times more often as the head of a single-parent family, women represent 55% of debtors and co-debtors in the most affected age groups, details the study.
The separation of a couple, a factor of over-indebtedness
This is reinforced by the fact that many of these overindebted single-parent families are likely to have appeared recently, since the separation of a couple is one of the factors that accentuates the occurrence of over-indebtedness. , is it added. Slightly more than half (56%) of over-indebted people live in households with a standard of living below the poverty line, which represent a total of 14% of French residents. Yeah. In total, the overall debt of over-indebted households reached a little more than six billion euros at the end of 2019, three-quarters of which was financial debt (consumer credit or real estate credit, for example).
Positive effects of the Lagarde and Hamon laws
It should be noted that with changes in legislation in recent years, such as the Lagarde law of 2010 and the Hamon law of 2014, which have strongly framed the consumer credit, the share of consumer debt fell by more than 25 percentage points, from three -quarters to half the total, while that of real estate debt more than doubled, going from 22% to 48% of the outstanding amount, explains the study.