What is an affected credit

Do you want to sign a credit agreement to finance your projects? At your bank, you are offered different kinds of credit, including affected and unaffected credit. The problem is that you cannot tell the difference between these two concepts. Find out how to do it now with our guide, and find out why you should opt for this type of loan over another.

The difference between affected credit and unallocated credit

The affected credit is generally granted with a view to purchasing movable property such as car credit or a specific service taking the case of installing a kitchen. As for unallocated credit, including revolving or revolving credit and personal credit, the possibility of making use of funds takes precedence without necessarily having to do with the purchase of a product or service.

Why choose an affected credit?

The affected credit is seen to be the most advantageous consumer credit combining ease with accessibility with a TEG not exceeding 9%. Not to mention the possibility of having recourse to credit insurance to plan for any eventuality. This allows it to get ahead of unaffected credit. However, some measures are taken to properly assess the financial situation of the consumer and thus avoid over-indebtedness.

Credit affected - less than or more than US $ 75,000?

Thanks to the Lagarde reform of 2011, the amount of an affected loan increased from 21,500 to 75,000 US dollars. Now, what amount to choose, for what benefits? By opting for a loan of less than US $ 75,000, you will automatically benefit from legal protection. On the other hand, if you prefer to focus on a higher amount, you will have to pay particular attention to the real rate of your credit and to scrupulously check the clauses of the contract.

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