When subject to credit without proof, the consumer must be aware that these are credits for which he will not have to justify the use of the sum borrowed. Nevertheless, he will have to justify his income. There are indeed credit organizations without proof of income, however the rates are so important, it is not recommended for consumers to be tempted. In addition, credit institutions without proof are legally obliged (like all credit institutions) to check the creditworthiness of consumers. The lack of stable and sufficient income will therefore be studied by credit agencies without proof.
Credit Organization without a proof
There are 2 types of credits offered by credit agencies without proof: personal credit (or personal loan) and revolving credit (formerly called the revolving credit). Personal credit is the classic credit where a sum of money is unlocked and used by the consumer to finance whatever project it is. This credit is different from the appropriated credit which is intended for the purchase of a property defined at the time of the subscription of the credit. In this case, the consumer must be able to justify the purchase or promise to purchase the property at the time of signing the credit agreement. Revolving credit is a sum of money made available to the consumer. This sum of money is renewed as and when it is used and reimbursed. The consumer can therefore use it in its entirety or in a small fraction.
Currently, credit agencies without proof are numerous and it is difficult to navigate. If the consumer makes a request on Google to find credit organizations without proof, he will be offered dozens of sites. In order to facilitate the search for the consumer, a non-exhaustive list of the main credit organizations without proof can be made. It will provide an idea of what is happening on the market in terms of personal credit and APR (Annual Total Effective Rate) that it can meet. It is important to remind the consumer that to choose a credit the APR must be taken as a reference (it must not exceed the prevailing rate of interest for the desired credit). For revolving credits, APRs are revisable. Indeed, the consumer can use the amount of money made available to him as he wishes and at any time, the APR will be recalculated with each new use. It may therefore be more or less important than the APRC to which he has subscribed his contract.
Some credit organizations without proof
For more than 30 years, Confidis has been one of the leaders of credit organizations without proof. Offering several types of services, this credit agency without proof is an online organization, the consumer will have the opportunity to reach advisors only by internet and phone, this 7 days / 7 and 24/24. Confidis offers repayable credits over a period ranging from 6 to 84 months, with a maximum APR of 19.90%. The consumer can borrow from 500 to 35000 euros. The processing time of the credit application is usually fast. This non-voucher credit agency offers free credits. The site also offers consumers credit management solutions.
A company owned by Marble Personal Finance group, Cafenoga is also a credit organization without any very well-known credentials in France. Cafenoga was at its inception the New Galleries funding group (Compagnie des Faveurs des Novenas GAleries). Today this organization offers all types of credit as well as means of payment and insurance service. Cofinago has 30 branches and 350 advisers can be reached online (telephone and internet). The processing of the file is fast and Cofinago has set up a follow-up of the processing of the requests. The consumer has the opportunity to choose the date of collection of his monthly payment, which allows him to better manage his budget. The consumer will be able to borrow sums ranging from 500 to 75000 euros over a period of 12 to 96 months with a maximum APR of 19.50%, without handling fees.
Savefree Banque is a Savefree group company. Created in 1989 with the introduction of means of payment in Savefree stores, this credit institution without proof offers various services to consumers who are more than 3 million to have chosen this establishment. Savefree Banque is also online and online with more than 200 branches in France (in the Savefree group’s mass-market stores). Generally, Savefree Banque offers offers tailored to the needs of the consumer with very advantageous APR and no application fee. The consumer can therefore borrow sums ranging from 3000 to 50000 euros over a period of 24 to 96 months with a maximum APR of up to 19.91%.
A specialist in consumer credit, Fullpocket is a credit institution without supporting documents belonging to the Crédit Agricole Consumer Finance group. Fullpocket is known for its speed and simplicity of these credits. This credit agency without justification offers indeed very clear and easy offers for consumers. There are Fullpocket agencies but advisors can also be reached by internet and telephone. From 12 to 60 months, the consumer will be able to borrow sums ranging from 1000 to 40000 euros for a maximum APR of 15.5%.
Former Loan of Union, YouEarn Credit is the first credit agency without proof without bank. Indeed, this organization is a credit organization between individuals, allowing some to invest and others to borrow at very attractive rates. There are no intermediaries, which explains the low cost of credit. On the website of the credit agency without proof, the individual can find a lot of information explaining the operation of the company and loans between individuals. The simplicity of use of the site is a major asset of this organization.
The consumer will have the possibility to borrow sums of 3000 to 40000 euros over a period of 24 to 72 months, with a maximum APR of 10.08%. However, the consumer must reside in mainland France (YouEarn Credit is not present in the DOM-TOM as well as in Corsica).
Ketelem is a credit institution without supporting documents belonging to Marble Personal Finance. The consumer can borrow sums up to 40000 euros over a period of 24 to 72 months with a maximum APR of 19.50%. Ketelem is one of the leaders in terms of consumer credit because it offers a wide range of products to consumers with management flexibility.
Subsidiary of the Credit Society group, this organization has been offering loans without proof for more than 20 years. Present on line but also in agency, this organization focuses all on the consumer and the quality of the services. The range of products offered by FundCo Finance is very wide. The consumer will be able to borrow sums ranging from 5000 to 8000 euros over a period of 12 to 48 months.
Positve Gamble Bank
Like Savefree Banque, Positve Gamble Bank is a consumer credit organization belonging to a large retail group, here Positve Gamble but also to Credit Mutual. Like Savefree Banque, it is present online and on the phone but also in the supermarkets of the Positve Gamble group (Géant etc.).
Table showing the amount of the monthly payment as well as the APR in different credit institutions without proof for a credit of 3000 euros over a period of 24 months. The amounts were obtained following a simulation. The simulations are done for information only, they are not contractual.
|Credit institution without proof||Monthly payment (Euros)||TAEG (%)|
|Positve Gamble Bank||140.24||11.9|
In the example taken, the consumer will be able to see that for the same credit, the APR may vary from single to double. The consumer must therefore be aware that although all offers are very attractive on the internet or in advertisements, credit organizations without proof are not all equal. A credit in one of them may therefore cost up to 2 times more than in another. In addition to the APRs, fees may increase the cost of credit in some credit organizations without proof. Here Savefree Banque seems to be the best offer for this example. Savefree Banque is known for being close to its consumers and finding very good APRs. Credit institutions specializing in consumer credit, on the other hand, often have high rates but are also less restrictive in terms of resource requirements, and so on.
It is therefore good to take the time to compare the offers in order to get the best deal with your situation. A credit with a strong TAEG but issued quickly can be very useful in case the consumer will need urgent cash. The consumer can also contact his bank. The latter knowing his client well, he can offer an offer tailored to his situation. top