The concept of credit comes from Latin credere “to believe” and creditum, which “is entrusted”. One can find, for example, a precise definition in a banking dictionary on line:Credit: money placed at the disposal by a person, a company or a bank for one given period. N the other hand, the recipient must pay interests. In the majority of the cases, it must also provide a safety to the bank as a guarantee for the lent sum. This safety is called cover.Why take a credit?When you take a credit, you also pledge on the long term; in the case of the consumer credit, with confidence that the budget of your household will not worsen throughout credit. You pay a supplement which can reach 15% of interests per annum. Thus reflect with precision if you can take this risk and if you wish to reach this stage. In certain situations, it can be useful to request services of credit. Especially in three cases:- You envisage an important purchase that you cannot entirely finance and in once by your own means. Principal example:- The purchase of a house. For an unforeseeable reason, you know one financially difficult period and require, to cross the course, that money is lent to you. The least expensive, it is however that your close relations, your employer or one (E) of your friend (E) S can repair you.There are two cases where it is certainly not recommended to take a consumer credit:- If your budget, following the loan, would hardly have more margin for the unforeseen ones - If it appears right now that your budget will worsen throughout credit, for example because you will have a child or that you will take your retirement Guaranteed for appropriations: - According to the credit, various safeties or covers are required. A possibility is that you deposit a pledge near the bank or of the institute of financing: a police force of life insurance, titles (like actions and obligations), jewels, etc If you do not honour your obligations with payment resulting from the credit, the bank can sell the pledge.- In certain cases, the credit institution requires that a financially solid person stand as guarantor of the guarantee: it is declared ready to pay the credit in the event of urgency.The interdependent agreement of responsibility is very widespread: the two recipients of the credit promise at the institute financing the complete payment of the debt. The bank pays the credit in once and receives in exchange two engagements of refunding (or more); of course, it has the right to box the refunding of the credit only only once.- If these means are not enough or that no safety was agreed, it is the unpleasant alternative which occurs: the backer continues you and can trail to you in front of the courts, in order to recover his money.

In these pages you can simulate loan as well as credit is real, personal, automobile & conveys.- Simulation of loan - Simulation credit The lexicon pages will permetrons you of better you familiarise with the terms employed at the time loan, an application for credit or quite simply a discution with your banker.The lexicon is composed of 3 parts:- The lexicon General - The ready lexicon of the terms employed at the time d´un or loan - The lexicon of the terms employed by the banker. These pages will allow you to better prepare with a loan or application for credit.

Information concerning to me is they protected? Under the terms of the law, personal information concerning you (name, addresses postal, telephone number, addresses e-mail…) constitute strictly confidential data. For this reason, they cannot be transmitted to thirds (except agreement of your share) and cannot be exploited that within the framework of the treatment of your file. In accordance with the law of January 6, 1978, you profit d´un right d´accès, of correction and suppression of the data concerning you (Art 27 of the law Informatique and freedoms.). From which protections does profit l empruntor? Various laws are intended to protect l empruntor:• Law Neiertz of December 31, 1989, organizing the prevention and the payment of the difficulties related to the over-indebtedness of the private individuals and the families. The principal provisions are the creation of commissions of over-indebtedness, l´institution d´un plane conventional of payment, d´une collective procedure of civil legal rectification, creation d´un national file of the incidents of payment (FICP). • Scrivener Laws intended to protect l empruntor as regards consumer credit and in the real field. The principal provisions relate to l obligation to d´établir an offer of loan written and preliminary, l instauration d´un time for consideration fifteen days, l instauration d´un time of retractation seven days, l´existence d´un bond between the credit and l´achat (l´absence of l´un cancels l´autre and conversely), the reduction and the regulation of the penalty clauses. • Data-processing Law and Freedoms: personal information concerning you (name, addresses postal, telephone number, addresses e-mail…) constitute strictly confidential data. For this reason, they cannot be transmitted to thirds (except agreement of your share) and cannot be exploited that within the framework of the treatment of your file. In accordance with the law of January 6, 1978, you profit d´un right d´accès, of correction and suppression of the data concerning you (Art 27 of the law Informatique and freedoms.). What's the T.E.G. ? The TEG (Total Effective Rate) is annual expression of the rate . The rate is the remuneration paid for the setting at your disposal of the sums of which you ask for the releasing. It's the rent of l´argent lent. The interests are always calculated only on the capital remaining had, according to the methods envisaged with l´article R 313-1 of the code of consumption.