The affected loan, a consumer credit
The affected loan belongs to the typology of consumer loans. A consumer credit is a credit allowing its user to finance the acquisition of a good or a service, excluding real estate. A consumer loan is a repayable loan the amount of which cannot be less than € 200, nor exceed € 75,000. Its repayment period must be greater than 3 months.
The ASF (the French Association of Financial Companies) has identified 4 types of consumer loans. This Association brings together more than two hundred members, including institutions specializing in credit, general banks, investment firms, payment institutions and electronic money institutions. In addition to bringing together these financial institutions, the ASF monitors all financing for the economy, whether it be leasing, consumer credit, other financial services, etc. ASF members alone finance 20% of loans granted in United States, an outstanding amount of more than US $ 220 billion.
Among the 4 types of consumer credit, there are 3 so-called “classic” credits, and “rentals”. Classic credits include: restricted credits, revolving credits and personal loans. Rentals correspond to LOA, either rental with option to purchase or leasing. Rentals are mainly used to finance the purchase of a vehicle or pleasure boat. By subscribing to an LOA, the consumer can dispose of a good by paying a rent, at the end of the rental contract, the consumer will have the option of buying or not the good for which he was paying a rental.
The difference between the affected loan and other conventional loans comes from the fact that with the affected loan, the financing obtained by the consumer is exclusively intended for a specific good or service. While revolving credit or revolving credit, is a sum of money that is made available to the borrower, with revolving credit, the money reserve is renewed as and when the borrower makes repayments. The personal loan, on the other hand, is an unallocated loan. With this unallocated loan, the customer borrows a determined sum of money, which he can use freely without having to justify himself on the use he will make of it to the financial organization which granted it. Thus, unlike the assigned loan, for personal loans and revolving loans, there is no legal link between the property purchased and the credit established.
The affected loan is granted for the purchase of a defined good or service. If for one reason or another, the good or service was no longer purchased, then the credit would be canceled. The affected loan is granted by a bank or a credit organization. The allocation of the affected loan can be done within the premises of the lending institution, or at the place of purchase of the good or the provision of service. When the affected loan is for the purchase of a property, the repayment period of the affected loan is less than the life of the said property.
Today, consumer loans, and therefore the affected loan, are factors of economic growth. Indeed, the assigned loan is an essential tool for the growth of many sectors of activity, notably the automotive sector, furniture, household appliances, IT, etc.
Thus, the majority of these brands offer their consumers different formulas for acquiring goods via the loan allocated directly to the points of sale. Very often, they offer this assigned loan via a subsidiary that belongs to their group. For these brands, it is a question of responding to consumer demand by offering them financing tools to acquire goods or services. The affected loan helps support household consumption, and thereby the growth of the economy.
The automotive sector is the most emblematic sector of the affected loan utility. In 2013, 63% of new vehicles purchased by French households were purchased on credit. Affected credit remains the preferred method of financing of the French for the acquisition of a new vehicle, ahead of the personal loan, and rental with option to purchase. THE CCFA, the French Automobile Manufacturers Committee specifies that out of all the consumers who have financed the acquisition of a vehicle with a loan, 49% of them chose to use an affected loan, while 31% preferred the personal loan, and 20% the rental with option to buy.
Among the other most common loans allocated for the sale of services, there are student loans, financing of trips, or renovation work ...
Some figures, before and after the crisis
Globally, the market leader for affected loan is the United States, while at European level, the market leader is the United Kingdom.
After years of sustained growth, in 2008, the outstanding amount of consumer loans and consequently that of affected loans fell due to the financial crisis. This so-called “subprime” crisis. This crisis, which began in the United States in 2007, had an impact on the affected European loan market as early as 2008. While the United States was considering facilitating access to credit, the subprime crisis has cut the cards. . Indeed, for years, the various credit institutions in the United States have organized the aggressive marketing of loans (mortgage, revolving, etc.) without worrying about the solvency of their clients. But as long as interest rates were low and the value of real estate increased, the massive use of credit had a positive impact on US growth, in particular by supporting household consumption. However, this growth was skewed, and it had serious repercussions on the world economy. The losses related to the subprime mortgage crisis amount to trillions of US dollars.
Two simultaneous factors favored the crisis. On the one hand, the fall in the value of real estate in the United States, and on the other hand, the gradual increase by the FED (Federal Reserve System, Central Bank of the United States) in interest rates. It must be said that with American mortgages, when the value of real estate held by households increased, the household's debt capacity also increased. Between 2004 and 2006, the interest rates of the FED went from 1.25% to 5.25%. However, in the American market, as borrowers generally finance themselves at variable rates, this rate increase quickly had a negative impact on borrowers. They suffered a rapid increase in their monthly payments. For households already in a precarious situation, very quickly, the increase in monthly payments took them by the throat. The number of lenders in default has grown very rapidly.
Thus, from the year 2007, the level of default was 15%. Many American households have been evicted from their homes by banks which have auctioned off the homes.
The securitization of these loans by financial institutions accelerated the contagion of the crisis to the whole world, and consequently its impact on the real economy. Many pension funds had invested in these reputedly safe credits, because they were well rated by rating agencies because of their multiple transformations. Lehman Brothers bank is one of the symbols of the subprime crisis. This bank, which had existed since 1850, saw its value drop because of its investments in these loans, moreover, the inability of the bank to find a buyer finally pushed it to declare bankruptcy. If the securitization of these receivables had enabled certain funds to increase their financial performance. With the subprime mortgage crisis, and the resulting defaults, the value of these funds has plummeted. Finally, the banks had to face colossal losses, it must be said that the banks held many funds containing these bad debts. This crisis plunged their stock market values, governments had to intervene by setting up nationalizations, or recapitalizations ... Contagion to the real economy has created an increase in the unemployment rate, a decrease in household consumption, a growth in savings, a decrease in investments ...
Due to the crisis, the legislator implemented reforms, despite the fact that the Basel committee implemented Basel II in 2007, given the urgency of the situation, in 2009 the Basel committee published Basel 2.5. Basel 2.5 aimed to strengthen banks' own funds, in particular on products such as securitization. The Basel committee operating a continuous process, in 2010, this committee presented Basel III.
One of the consequences of the financial crisis is increased regulation for all loans. This was done in particular by regulating advertising. If before the professionals of the sector had almost all latitude to attract customers, the European Union has decided to legislate. Thus, the directive of the European Parliament and of the Council 2008/48 / CE of April 23, 2008 concerning consumer loans, defines the legal framework for advertising on credit contracts. This directive was transposed into French law, and published in the official journal on July 2, 2010.
The year 2015 was marked by the recovery of consumer loans in Europe. For the first time since the subprime crisis of 2008, the outstanding amount of all consumer loans has undergone a positive variation.
According to statistics from the Bank of United States, as of December 31, 2015, the total outstanding consumer credit (including rental) in United States was 165.3 billion US dollars, of which the affected loan, called also installment sales represent around 10%.
The goods for which consumers use the affected loan the most are automobiles. Indeed, according to ASF statistics, more than 60% of the outstanding loan allocated to individuals is intended for the purchase of vehicles, whether new or used. Household equipment (furniture, household appliances, multimedia, etc.) and the improvement of their habitat (works) only concern 28% of the outstanding loans allocated. The outstanding amount is allocated to the purchase of two-wheelers, pleasure boats, leisure vehicles, etc.
The consumer credit market represents six thousand three hundred and eighty three billion US dollars worldwide. With 41% of the sector's outstandings, North America is the largest market followed by the European Union, with 1124 billion US dollars.
The obligations of credit professionals
With the new European directive on consumer credits, in addition to regulating advertising on these financial products, the directive has also reinforced information for consumers. The seller now has the obligation to carry out checks on the solvency of his client.
To ensure the borrower's solvency, the lender must discuss his financial situation with the client, ask him to produce various supporting documents. These supporting documents relate to his identity, his domicile and his income. It is also up to the lender to check if the borrower is registered in the file devoted to payment incidents. For the United States, this is the FICP (National File of Personal Credit Repayment Incidents).
The FICP was created in 1989 in order to better regulate the sector. This file made it possible, on the one hand, to prevent individuals in difficulty from increasing consumer loans, and consequently to prevent their risk of over-indebtedness. On the other hand, with this file, professionals in the sector were able to identify individuals in difficulty, and thus limit bad debts.
The file was reformed in 2010. The FICP is administered by the Bank of United States, it identifies individuals who have had repayment incidents for their loans, or who have filed an over-indebtedness file. We speak of a payment incident in the repayment of a loan, when the debtor has been in default of payment for at least 60 days. Or, if an individual abuses his authorized overdraft for more than 60 days for an amount greater than € 500. But before registering a person in the National Personal Credit Repayment Incident File, the lender must notify the borrower. Therefore, the borrower has 30 days to regularize the maturities or the overdraft. After these 30 days, the debtor will be registered in the file.
For any default of payment, an entry in the file will be made for a period of 5 years. After these 5 years, without any other payment incident, the name of the debtor will be automatically deleted. To be deleted from the file before this deadline, the borrower simply has to repay the sums that are the subject of the default. The various reforms put in place to improve the FICP were aimed at reducing the update times. Prior to 2009, the updating of the file was irregular. By reforming the administration of the file in 2011, the legislator wanted to achieve a daily update.
As of December 31, 2015, the Bank of United States declares having registered 2,676,025 people in the FICP file, for 3,190,885 payment incidents. The majority of defaults concern revolving credits (30.26%), closely followed by personal loans (23.88%) and overdrafts (21.33%), the affected loan only affecting 9.10%, or 290,388 payment incidents.
The regulations require the lender to communicate with the borrower from the first payment incident. The credit professional has the obligation to inform the borrower of the consequences.
Namely, the faculty for him to request reimbursement of the affected loan in full, as well as compensation. This compensation cannot exceed 8% of the amount due. The borrower can request a postponement of maturity, but it is still necessary that this clause exists in the contract of the affected loan, and that the credit organization agrees to carry out the postponement. By accepting the deferral, the lender can request compensation from the borrower, it will be capped at 4% of the deferred maturities. The postponement leads de facto to an increase in the cost of the affected loan.
There are two types of postponement, partial postponement and full postponement. With the partial deferral of maturity, the borrower only defers the repayment of the capital, but he reimburses the interest, as well as the insurance, when it has been taken out. While with the total deferral, the borrower defers the repayment of principal, interest and only the insurance payment remains. As soon as the deadline has been validated, the financial institution will give the new amortization table to its client. It will take into account the modifications related to the postponement. Depending on the choice that has been made, the duration of the affected loan may possibly be lengthened, the amount of monthly payments remaining the same. We can also consider an identical assigned loan period, with an increase in the level of monthly payments after the deferral period.
By subscribing to an affected loan, the borrower commits to two contracts: the contract of sale of the good, which is signed between the seller and the buyer of the good or service, and the contract of the affected loan signed with the Financial institution. When the affected loan is validated by the financial institution, the amount of the affected loan is paid directly to the seller, without passing through the buyer. As a rule, the subscription of these credits takes place on the site of the seller, however, the request can be made directly to the financial institution.
If for one reason or another, the financial institution refused to grant the credit, then the sale would be deemed to be canceled, without any penalty. With the cancellation, any deposit paid will have to be refunded on request.
Under French law, affected loan contracts are strictly regulated. On the one hand, the contract must be drawn up at least in font 8, on the other hand, all the information must appear clearly, in a defined order.
First, the name of the protagonists, as well as their addresses must appear there. The credit organization, the seller of the property, the borrower, in order to ensure that the borrower has all the information.
As part of an affected loan agreement, the lender has the obligation to include a lot of information on the contract.
The terms of the affected loan must be clearly indicated, including the cost of the affected loan, namely, its interest rate, the type of interest rate (fixed, variable or revisable). The entire amount borrowed must appear on the contract, as well as the duration of the affected loan, the due dates of the loan, the number of due dates, the frequency, and the payment dates of the due dates. The amount of each installment must be clearly stated on the affected loan contract.
The credit institution has the obligation to clearly indicate the TEG. The TEG is the overall effective rate, its calculation takes into account all the parameters for calculating the cost of a loan (interest rate, repayment frequency, application fees, insurance when it is compulsory, and possible commissions).
In the loan agreement, the lender has the obligation to mention the indemnities to be paid to him for any delay in the payment of repayment deadlines. In addition to this, the lender must also specify the validity of the offer, the legislator having imposed a minimum of 15 calendar days. At the end of this period, the credit organization has complete latitude to modify the conditions of the loan, this could possibly result in an increase in the cost of credit.
In the event that the borrower has paid a deposit to obtain the good or service, this payment must also appear on the affected loan contract.
On the order form, the seller must specify that the sale was made on credit.
Each spouse can independently take out an assigned loan. If the affected loan contract was signed by one of the spouses for a modest amount, and if the affected loan was intended to meet the current needs of the household, then the affected loan would be deemed to be joint and several. This implies that the spouses would be solidary for the repayment of this affected loan. For a contract taken out by both spouses, the Co-borrowers are jointly responsible for the repayment of the affected loan.
The rights of affected loan subscribers
As for other credits, the subscriber of the affected loan has the option of repaying the affected loan subscribed in advance. By choosing this option, interest and fees related to the remaining term of the credit agreement will not be due. However, the lender can seek compensation from the borrower. These allowances have been capped by the legislator. In the event that the early repayment of the affected loan occurred more than one year before the end of the affected loan contract, then the penalty could not exceed 1% of the amount of the loan. However, when this period is less than 1 year, the compensation cannot exceed 0.5% of the amount of the loan affected. It should be noted that the compensation paid to the lender may in no case be greater than the amount of interest that would have been paid if the borrower had not made an early repayment. This in order not to penalize the borrower for the benefit of the credit professional.
The affected loan is subject to the same rules as other consumer loans. The seller has a duty of information to the buyer who has a 14-day withdrawal period, since decree 2014-837 of July 24, 2014. However, if the buyer has demanded immediate delivery of the goods, this deadline would be reduced to 3 days.
Concretely, to retract, the subscriber must return to the financial institution the duly completed withdrawal slip which is attached in the credit documentation. If the withdrawal slip was not included in the documentation, the borrower could withdraw by sending his request for withdrawal on plain paper. The slip must be dated, signed, the shipment must be acknowledged, at the latest on the last day of the withdrawal period. In case of withdrawal, the borrower is not forced to any explanation of the reasons for his withdrawal, the latter can in no case be recorded. The consumer is advised to keep a copy of the mail and of course the acknowledgment of receipt.
In addition to that, many mentions must appear on the credit agreement.
For the affected loan, insurance is not compulsory, the credit organization can offer it, but there is no obligation to subscribe to the one that has been offered. The borrower is free to be insured by another institution. This institution can be a general bank, an insurance company ... The borrower will choose the risks he wishes to insure, as a general rule, it is the risk of death, illness or disability, unemployment ... To insure the borrower , the company that will issue the insurance will ask the customer to complete a medical questionnaire. The subscriber must complete it in good faith. In the event of a false declaration, the customer is liable to the nullity of the contract. It is only after studying the duly completed questionnaire that the insurance company will be able to make a proposal which will include the guarantees offered, the conditions for benefiting from these guarantees, the exclusion clauses and of course the amount of insurance.
For people suffering from health problems, or having had health problems in the past, there is the Aeras convention (Insure and Borrow With an Aggravated Health Risk). The objective of this agreement is to allow people who have been ill to access credit, in order to reduce inequalities linked to health. This convention was created in 1991, initially, it only concerned HIV-positive people. This agreement was the fruit of the work of all professionals in the insurance sector and the public authorities. After the first convention, other conventions were put in place: the Belorgey convention, renewed Aeras ...
With successive agreements, the working group has also been extended, in particular to associations representing sick people and people with disabilities. Thanks to the work carried out by the previous agreements, insurance against the specific risk of invalidity (GSI) has been offered. If it could not be implemented, insurers and insurers have undertaken to offer at least total and irreversible loss risk coverage (PTIA).
The last amendment to this agreement was made in September 2015, by establishing a right to be forgotten for former cancer patients. Cancer patients in remission for a certain period now have the option of not declaring the fact of having had cancer in the medical questionnaire. The work carried out with the last agreement made it possible to establish a reference grid for cancerous and chronic pathologies, thanks to which patients will be able to benefit from insurance. Insurance premiums for people suffering from the ailments in this grid can benefit from rates almost identical to those for people with no health problem. The various actors of this convention agreed that the grid would be updated in view of the progress of medicine.
The practice of assigned lending in United States
The obligations of the buyer having obtained the loan allocated for the financing of a good or a service begin only upon delivery.
Home sellers often use the assigned loan to offer goods or services for sale. However, for these sales to be legal, the seller must ensure that the buyer has understood the terms of the contract of sale and the credit. He must ensure the solvency of the client.
Under no circumstances may the interest rates of the affected loan exceed the level of the usury rate. According to article L314-6 of the Consumer Code: "Constitutes a usurious loan any conventional loan granted at an overall effective rate which exceeds, at the time when it is granted, by more than one third the average effective rate practiced at during the previous quarter by credit institutions and finance companies for operations of the same nature involving similar risks, as defined by the administrative authority after consulting the Financial Sector Advisory Committee ”.
Each quarter the usury rate is calculated in different categories, real estate, so-called cash loans and business loans. The affected loans are concerned by the typology of cash loans. The usury rate of the assigned loan corresponds to the usury rate used for consumer loans. The usury rates for the typology of consumer loans are divided into 3 main categories, loans whose amount is less than € 3,000, those for which the amount is between € 3,000 and € 6,000, and finally loans with greater than € 6,000, but less than € 75,000. The higher the loan amount, the more the TEG will be reduced. For the second quarter of 2016, the average effective rate observed for loans of an amount less than € 3,000 was 14.94%, while the usury rate was 19.92%. For loans ranging from € 3,000 to € 6,000, the average effective rate observed is 9.68%, while the usury rate is 12.91%. And for loans exceeding € 6,000, the average effective rate observed is 7.40%.
The affected loan does not only concern households, businesses, they too can use the affected loan. When an enterprise uses an earmarked credit to finance the purchase of an asset, it will have to recognize the acquired asset at the fixed asset level. The debt arising from the affected loan will be recorded as a liability on its balance sheet. As with any other loan, interest will be recorded at the level of financial charges. Despite the affected credit, the asset remains depreciable, and can therefore be charged to operating expenses.
The benefits of the affected loan
The affected loan has many benefits for households. The customer can obtain his assigned loan directly at the place of sale of the good or service, this is one of the practical aspects of the affected loan. Customers can purchase the asset and obtain financing for that asset in one place. Indeed, they allow the consumer to obtain a good or a service without having all the cash necessary to acquire it. The purchaser can thanks to this affected loan finance this acquisition, by monthly payments, this without necessarily having to deposit a deposit.
By going into debt via an affected loan, unlike credit with an option to buy, the borrower owns the property purchased with the credit. By accepting a pledge clause that would not be registered with the prefecture, the borrower could obtain an even lower TEG. With this clause, the borrower who owns the vehicle accepts the fact that he will not be able to sell the car without the authorization of the financing body, unless he has repaid the affected loan in full.
In addition, the interest rates of the affected loan are among the lowest of consumer loans. In fact, they are much lower than those of personal loans, or revolving credits. While with revolving credit the borrower does not control the rates applied to him, with the affected loan, the borrower clearly knows the interest that will be charged. By taking out an affected loan, the customer will have additional protection in the event of non-delivery of the good, since the repayment of the credit can only begin when the goods are delivered.
The withdrawal period is one of the advantages, in fact, if for one reason or another, the buyer regrets his purchase, he could retract, thus canceling the credit and the delivery of the goods. With the reforms implemented by the legislator, by subscribing to an affected loan, the customer is clearly informed of the commitments he makes, duration, cost of the loan, monthly payments, etc.
The seller is prohibited from adding an additional cost to the product, due to the establishment of credit. The price of the asset that is the subject of the affected loan must be the lowest price charged for the cash purchase of the item or similar service, at the same retail establishment, during the last thirty days. preceding the start of the advertisement or the offer. Thus, the buyer has the assurance that the seller will not be able to use the pretext of setting up an affected loan to impose a higher price on customers who take out a loan to finance this purchase.
Le vendeur a aussi un devoir d'information précontractuelle, qui impose au prêteur de remettre à l'emprunteur la fiche récapitulant l'ensemble des caractéristiques du crédit.
Les inconvénients du prêt affecté
Comme pour tous les crédits, le crédit affecté doit faire l'objet d'un remboursement à la fois du capital et des intérêts. Il est toujours plus avantageux pour le consommateur de payer comptant et d'ainsi éviter de payer des intérêts pour l'achat de bien d'équipements, de véhicules …
Les taux pratiqués pour le prêt affecté sont toujours bien plus élevés que les taux d'intérêt pour des crédits tels que les emprunts immobiliers. Avec un crédit affecté, si le consommateur changeait d'avis pour une raison ou une autre, il ne serait pas en mesure d'utiliser le financement de ce crédit affecté pour financer un autre bien.
Une fois passé le délai de rétractation, l'acheteur est contraint d'assumer les charges liées au remboursement du crédit. Les fonds du crédit ne transitent pas par le client, quand bien même il changerait d'avis, le financement obtenu restera lié au bien pour lequel le financement a été accordé. Ainsi, en obtenant un prêt affecté, l'acheteur n'a pas la possibilité de transférer les fonds reçu pour l'achat d'un bien vers un autre bien.
L'offre de prêt affecté sur le marché français
L'offre en prêts affectés par les institutions financières est vaste. Ce secteur d'activité fait l'objet d'une concurrence féroce de la part des différents acteurs du secteur.
Le prêt affecté est proposé par de nombreuses institutions financières, qu'il s'agisse de banques, d'organismes de crédit ou de filiales de groupe dédiées. En United States, nous avons assisté à une concentration de ce secteur, en effet, de nombreux groupes bancaires ont racheté un organisme de crédit.
Ainsi, en 2008, Cofidis qui appartenait au groupe 3 Suisses est passé dans l'escarcelle du crédit mutuel pour un montant de 1.9 milliards d'US dollars, permettant au crédit mutuel de mettre la main sur une base de données de plus de 11 millions de clients.
La société Sofinco sera quant à elle racheté par le crédit Agricole en 1999, pour Finaref, le rachat interviendra en 2003. Quant aux sociétés de crédit Cetelem et Cofinoga, elles font parties du groupe BNP Paribas.
Les sociétés de crédits de ces groupes bancaires sont bien souvent représentées dans de nombreux pays. Ainsi, en 2006, Sofinco à travers ses différentes filiales était présentes dans 16 pays.
En plus des organismes de crédits et des banques, les consommateurs peuvent acquérir un prêt affecté directement auprès de filiales de groupe de grande distribution. Parmi les groupes de la grande distribution en United States proposant des crédits affectés par exemple, Carrefour.
Ainsi, le secteur des crédits affecté est un secteur très concurrentiel. Toutes ces entreprises se livrent une concurrence féroce à travers les différentes campagnes de publicité, qu'il s'agisse de campagne de mailing ou de campagne en ligne. L'obligation pour les sociétés de crédit de communiquer clairement sur le TEG, et l'ensemble des frais liés au crédit permet au consommateur de choisir son crédit avec une information exhaustive. Cependant, les publicitaires doivent respecter la législation en la matière. Ainsi, ils ont l'interdiction de faire croire aux consommateurs qu'en utilisant un crédit quel qu'il soit, il pourra améliorer sa situation financière ou son budget. Il est aussi interdit aux organismes de crédit de mentionner des cadeaux pour toute ouverture de crédit. Les acteurs du secteur ont pour obligation de mentionner sur toute réclame:«Un crédit vous engage et doit être remboursé. Vérifiez vos capacités de remboursement avant de vous engager».
Le secteur automobile est celui ou les ménages financent le plus leurs acquisitions par le biais des crédits affectés. Les constructeurs français ont créés leurs filiales dédiées au financement dès les années 1920. Aujourd'hui, presque tous les constructeurs automobiles ont leur propres filiales financières délivrant des crédits affectés à leurs clients, ces filiales sont appelées «captives». Bien que les marges des captives soient inférieures à celles des banques qui peuvent se servir de l'épargne de leurs clients (dans la limite du respect des ratios prudentiels), les captives représentent pour les constructeurs automobiles une partie non-négligeable de leurs bénéfices. Ainsi, en 2011, RCI Banque, la filiale captive du groupe Renault a généré près de 70% de la marge opérationnelle du groupe Renault, soit 761 millions d'US dollars. Pour le groupe PSA, la filiale captive, PSA Banque Finance a contribué à plus de 40% à la marge opérationnelle du groupe PSA, avec 532 millions d'US dollars. En plus, en fournissant à leurs clients des crédits affectés, les constructeurs automobiles peuvent davantage fidéliser leur clientèle, et leur proposer d'autres services. Il s'agit notamment de services liés à l'entretien du véhicule, les assurances…
Aujourd'hui, les consommateurs ont de plus en plus facilement accès au crédit. Ils sont sollicités par téléphone, mailing, internet, les réseaux sociaux … Finalement, aujourd'hui le prêt affecté est un des outils indispensables à la croissance de l'économie. Le prêt affecté est un mode de financement plébiscité par les ménages et les entreprises pour financer des biens ou des prestations en bénéficiant d'un taux modéré. En choisissant le prêt affecté, le consommateur a l'assurance qu'il ne sera pas tenté d'utiliser ce financement à d'autres fins.
En recourant au prêt affecté, les emprunteurs bénéficient en règle générale d'un taux plus avantageux que celui des prêts personnels ou des crédits revolving. Mais comme pour tous les autres crédits à la consommation, il appartient aux ménages d'être vigilant, afin de ne pas multiplier les acquisitions à crédits qui pourraient les mener au surendettement.