For the latest in-depth analysis, and access to a Helpline, subscribe to our news service at France Insider.

8. Bank Loans in France

8.5. Debt Problems

If you are unable to meet your debt commitments then you can seek assistance from the Commission départementale de surendettement who will act on your behalf in discussions with the lender(s). The Commission is part of the Bank of France.

If necessary they will take court proceedings to seek relief from payments or stop other legal action by the lender. At a minimum, they will try and agree a repayment plan with the lender. They may also order a reduction in the rate of interest payable, or a moratorium on repayments.

There is a Commission in each département of the country, details of which you can obtain from your Préfecture.

Next: Savings Accounts

Back: Types of Credit

Open an account today

Advertise

Propertyspy

Properties

Rentals

The Guides to France are published for general information only.
Please visit our Disclaimer for full details.