In France, registration for the FICP (Personal Credits Incentive Incident Files) follows a payment incident (see all cases here) or the filing of an over-indebtedness file.
The person regularises his situation by paying
This registration lasts 5 years, unless the person regularises his situation by paying. As long as the person is registered in this file, she no longer has access to credit since all banking organizations approved by the Banque de France have access to this “negative” file.
Imagine that with the back of hand, all the people registered in the file enjoy a presidential pardon: unthinkable? In France, no doubt. Yet this is what the South African government is about to do for all individuals who have failed to repay their credit.
These banking incidents register them again on a blacklist
As in France, these banking incidents register them again on a blacklist. With the difference that in case of regularization, the profile of individuals is still stamped this passage even stealthy on the file.
As a result of this registration, they will be severely handicapped to take out a mortgage, lease or insurance, get a phone line or even find a job, the credit reports that can be requested by a potential employer. It is therefore not a question of giving a present credit but of restoring the banking coat of arms of the most vulnerable inhabitants.
Estimates that 4 million people should be concerned
The Association of Credit Bureaus (CBA) estimates that 4 million people should be concerned. A previous amnesty was granted in 2007 under more restrictive conditions. This decision, which comes a few months before the general elections, will thus relieve millions of homes, without solving the long-term problem of over-indebtedness, deemed too common in this country.
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