Consumer credit rose 9.2% year on year in the third quarter, despite rising interest rates, the French Association of Financial Companies (ASF) announced on Tuesday.
Unlike the first half, when revolving credit and personal loans had pulled the sector, this time no segment has really drawn its pin of the game.
In the third quarter, revolving loans increased by 10.4% over one year, an increase considered significant for the ASF and which suggests cash needs for households.
In other words, faced with inflation, more and more French people could have recourse to consumer credit to make ends meet.
At the end of October, the association had also noted a slight drop in the quality of consumer credit applications, while interest rates have risen sharply in recent months with the monetary tightening decided by the European Central Bank.
In addition to revolving loans, car financing increased by 9.1% for new and 9% for second-hand, personal loans by 8.9% and financing dedicated to home improvement and household capital goods by 7.1%.
Since the beginning of the year, nearly 36.5 billion euros in consumer credit have been produced, an increase of 10.1% over one year.
up 150 € premium openness thanks to our comparison of online banks
The ASF brings together some 260 companies in equipment and real estate leasing, factoring and other related services.
It gives for consumer credit only the figures of its members who represent nearly 50% of the outstanding amount of all credit institutions and the majority of revolving credit operations, she specifies.