This type of loan created in 2005 as a result of the social cohesion plan is dedicated exclusively to debtors who still have the possibility of repayment but who do not have access to conventional bank loans for various reasons.
The social microcredit is for the excluded of the banking circuit, in other words those that the traditional bank has rejected.
If a person can no longer make credit for lack of income, fixed employment, or even bank bans, microcredit is perhaps the ultimate backup solution.
It is organized by financial institutions accepted by the Social Cohesion Fund, voluntary associations such as the Red Cross, Restos du Cœur, Secours Catholique, but also social workers and other networks belonging to Caisse des Dépôts.
A great help
Whether you have a personal project in mind, whether you are looking to reintegrate into society or want to access or keep your home or job, personal microcredit will be a great help.
However, it is not intended to fill an overdraft or under the repurchase of credit, nor to satisfy the needs related to consumption.
It must be the purchase of a basic good such as a household appliance or a boiler that no longer works, health costs such as dental care, glasses or other. Personal training, driving license and vehicle purchase can be financed by this loan https://greendayonline.com/.
Family events generate fees and the personal microcredit is able to take care of them, including legal fees during divorce proceedings or funeral expenses. The specialized body can lend an amount of between 300 euros and 3,000 euros and can even go up to 5,000 euros in certain exceptional situations.
The repayment period depends on the financial capacity and the project and can range from 6 months to 36 months, or even more depending on the particular case. It is essential that the debt ratio does not exceed 4%. The consumer does not bear any fees or insurance, let alone penalties in the event that he reimburses in advance.
The CAF loan of honor
The Family Allowance Fund assists people in need through social benefits, but it also has the possibility of granting the loan of honor for the unemployed in temporary financial difficulties. Whatever the reason for your claim, you must receive family benefits and have at least one dependent child or a current pregnancy.
It is important to build a solid case by accurately justifying the project you want to implement as well as your resources and needs to qualify for the loan of honor. The lower the family quotient and the higher the number of children, the more likely that CAF will give you a sum of money.
On the other hand, you must prove that you have the necessary budget to repay to the deadlines fixed by the Family Allowance Fund according to your financial capacity. To help you get this loan, you can contact a social worker to start the application.
Conditions to fulfill
If the conditions of attribution are fulfilled, it will constitute the file which will be examined by the Commission of financial aid of the Board of Directors of the Family Allowance Fund.
It is really the difficulty of the current situation of the recipient who is analyzed, and hence will result, or not, the payment of a loan at zero rate that will be refunded. The maximum amount of the loan of honor is fixed at 1 830 euros and it can be increased to 3 500 euros in exceptional cases.
The refund is made by deductions on family benefits, at most in 36 monthly installments of a minimum amount of 30 euros. Finally, in the case of large receivables, the loan is granted only if it allows the entire debt to be cleared.
The loan of furniture equipment from the CAF
The Family Allowance Fund grants a loan to families who build in a new home and who can not afford to furnish it or equip it with household appliances and essential equipment such as the refrigerator, the oven, the hob, a table and chairs or a bed.
Households that are already installed can also use CAF’s loan of furniture equipment if it turns out that the equipment is no longer working. This credit allows you to finance furniture in several installments through small monthly installments adapted to your budget.
This help from the Family Allowance Fund is reserved for people in precarious situations who can not buy essential goods for the well-being of their family. The priority rule is to collect the family benefit from the CAF and not to exceed 750 euros of family quotient before applying for a loan to buy furniture.
No automatic assignment
The loan of furniture is never automatically allocated and you must file a social assistance file with the Family Allowance Fund in your area. Your application will then be reviewed by a credit commission which will require you to provide an estimate.
The sum granted by the CAF will then be paid directly to the merchant and differs according to the nature of the equipment. Indeed, the loan will of course not be the same for the purchase of a bed as to change a washing machine.
The recipient is thus forced to conduct a small market study to avoid paying too much for the article because the CAF does not authorize credit for equipment that exceeds the ceiling. In addition, the beneficiary is obliged to pay at least 20% of the price of the item when it is purchased in advance from the supplier.
It is then that the loan holder transmits the invoice to the Family Allowance Fund which will reimburse the merchant once the supporting documents have been received.
On the other hand, you have two months to send them to your welfare center. You can not accumulate furniture purchase loans but you are allowed to file another application six months after repaying the first loan in full. The loan can go up to twenty monthly payments with a minimum reimbursement equivalent to 16 euros.
Financial aid from Pôle Emploi
The unemployed who are registered or not at the Banque de France can benefit from the financial support of Pôle Emploi. For that, you obviously have to be on the list of jobseekers.
The aim is to find work again, by helping the unemployed to find a solution to the financial obstacles that the job search can represent. It is thus possible to pass the driving license thanks to Pôle Emploi. Indeed, the organization wants you to get a job and without a vehicle, it is unlikely that your situation is getting better.
Pôle Emploi then grants a credit of up to € 1,200 if it has been registered for more than six months with its services and receives the Active Solidarity Income or the Return to Minimum Employment Allowance.
In case you live in a geographical area with poor public transport can be a reason for help, as soon as it is noticed by your advisor. If your request is accepted, Pôle Emploi will pay the financial aid directly to the driving school.
Pôle Emploi can also help you with transport or moving assistance so that you can find a job. This type of loan makes it possible to overcome the financial difficulties and to stop depriving oneself of taking public transport because of the lack of available budget.
It also allows you to move closer to a department or city where the job offer is more consistent.
Loan between individuals for tenant banking forbidden
Just look for a lender who pays off your debts and accept that you repay him little by little. The interest rate can only be advantageous since it is negotiated between you within the limits of the rate of usury set by the Banque de France each quarter and taking into account your repayment capacity.
You must establish written proof that lists all the conditions of the loan. This includes the total amount, the repayment term, the cost of the monthly installments, the interest rate, the agreement and the signature of each party. You can draw up the contract under private seal or do it in front of a notary for more precaution.
In any case, it is better to make two copies for each one. In case of conflict, each protagonist can assert his rights with the support of material evidence.
The mortgage loan for banned bank owner
The mortgage is a right taken by a creditor on a new or old building, in order to guarantee a debt. The forbidden bank owner always keeps possession of his property.
It can use the rechargeable mortgage that allows it to reuse an existing mortgage and partially refunded to secure a new credit. The mortgage life is another financial solution for a bank forbidden owner who could not be granted a traditional personal loan.
This is a loan secured on real estate, refundable upon death or the owner’s move. The loan is paid in the form of an annuity or capital, while the debt will not exceed the value of the property on the day of repayment.
These measures make it possible to open up borrowing capacities for banking prohibitions with real estate assets but little income. The credit is not only calculated on the income and therefore the debt ratio of the borrower, but also on the value of the property put in guarantee.