Consumer credit
Consumer credit disputes: deadlines and penalties
By Charlotte GAUCHON22 March 2025The legal battle between borrowers and lenders is based on specific procedural rules. Consumer credit litigation is a special field, with its own deadlines, penalties and subtleties. The Protection Litigation Judge - formerly the Court of First Instance - has exclusive jurisdiction in this area, regardless of the amount involved. This judicial specialisation reflects the importance attached to consumer protection. Biennial foreclosure: a strict time limit for taking action Precise scope The two-year foreclosure period limits the time during which a credit organisation can take legal action against a defaulting borrower. Article R. 312-35 of the Consumer Code restricts this period to "payment actions" brought by the lender. This restriction represents a major change compared with previous law. Prior to the law of 11 December 2001, this time limit also applied to actions brought by the lender....
Interest rates and TEG: understanding the protective rules
Consumer credit, Credit and consumer law``html Have you signed a credit contract but the real cost seems opaque? Borrowers are still unfamiliar with the legal protection afforded by interest rates. However, banks must comply with specific rules on transparency and information. Transparency of interest rates: protection against abuse The...Consumer credit guarantees: protecting the guarantor
Consumer credit, Credit and consumer lawHow many people have signed a guarantee without considering all the consequences? A guarantee is often a heavy commitment for the person who accepts it. In the field of consumer credit, this guarantee gives rise to a great deal of litigation. French legislation has gradually put in place protective mechanisms...Bank overdrafts and consumer credit law
Consumer credit, Credit and consumer lawThe bank overdraft, that red line that appears on your account, may seem simple on the surface. But when does it go from being a simple cash facility to consumer credit, with all the legal protections that implies? This article untangles the legal subtleties that govern...Revolving credit: precautions and legal framework
Consumer credit, Credit and consumer lawYou've probably noticed it in shopping centres: that tempting offer to "pay in instalments" or that shop card promising benefits. These schemes often conceal revolving credit, a financial instrument governed by strict regulations. Legislators have gradually tightened the safeguards around revolving credit.Earmarked loans: when the purchase and its financing are linked
Consumer credit, Credit and consumer law"I want to buy this kitchen on credit". A banal phrase, but one that conceals a complex legal reality: earmarked credit. Behind this commonplace transaction lies a special legal regime, a source of protection for consumers, but also of complications for those who do not master its subtleties. What is earmarked credit?The right of withdrawal: essential protection for borrowers
Consumer credit, Credit and consumer lawIn the world of consumer credit, the legislator has provided essential safeguards to protect consumers. Among these, the right of withdrawal is a bulwark against hasty commitments. Introduced by the Scrivener Act of 10 January 1978, this mechanism - also known as the right of repentance...Rules governing the formation of consumer credit agreements
Consumer credit, Credit and consumer lawConsumer credit contracts are subject to strict formalities. This legal framework is designed to protect consumers, who are often unprepared for the legal intricacies of these financial commitments. Why so many forms to sign? What rights does the borrower have? When is the contract definitively concluded? 1. The formalities...Who can benefit from the protective consumer credit regime?
Consumer credit, Credit and consumer lawThinking of taking out a loan? The legal status of your loan determines your rights. The consumer credit regime offers essential guarantees, but does not apply to all borrowers or to all loan transactions. For an in-depth understanding, discover the legal definitions...The legal framework for consumer credit: definition and developments
Consumer credit, Credit and consumer lawYou've probably already taken out a loan to finance the purchase of a car, a television set or to pay for renovation work. These transactions, which are part of our daily lives, are governed by a complex and protective legal arsenal. Since the 1970s, legislators have gradually put in place a legal framework that...
EN 
FR