More and more French people are using their bank overdraft

More and more French people are using their bank overdraft

The accounts of the French are debtors of more than 7 billion euros. A team from France 2 takes stock of this phenomenon.

More and more French people are using their bank overdraft

Unheard of for 20 years. Never has the credit card lived up to its name so well. As Les Echos indicated this Friday, December 11, more and more of us are resorting to overdraft. More than 26% of French people now use this possibility. In 2006, the sum of overdrafts reached 6.2 billion euros, it now stands at 7.6 billion euros. A record.

More tolerant banks

The French are less and less self-conscious about this practice and the banks are more and more tolerant. The possibility of overdrafts is often left to solvent clients, but beware, there is a risk of falling into over-indebtedness, especially in the event of job loss or divorce. Especially since it is expensive with the payment of agios. The rate is on average 10% of the overdraft.