Limitation period in case of unpaid consumer credit loan

What is the limitation period for an unpaid consumer credit? All that concerns the prescription period of consumer credit is governed by Article L.110-4 of the French Commercial Code. Prior to the 2008 reform, the limitation period for an unpaid consumer credit was thirty years. The new law has reduced this period to only five […]

Read More

Sold out a personal loan, close your personal credit

Close a personal loan at the end of the term The first reason for closing a personal loan is the expiration of this loan. In fact, this type of loan, like most others, closes automatically as soon as the client has reached the end of the contract and repays all the deadlines specified in his […]

Read More

The advantages of the debt consolidation loan

Debt consolidation: why request it? The debt consolidation loan differs from other types of loans because it consolidates all debts into one and you pay a single installment. The debt thus becomes “lighter” and, against a longer-term amortization plan, you will pay a lower installment. Debt repayment becomes sustainable precisely because the debt burden is […]

Read More