The FICP (personal loan repayment incidents file) is a file managed by the Banque de France to list payment incidents or an over-indebtedness file request made by an individual. This recording measure makes it possible to prevent a person or a household already having difficulty in repaying its loans from taking out another loan .
Each financial institution or bank is required to query this file during a new credit request from an individual.
In theory a bank could grant you a loan even if you are on file ... In theory only because, in practice, a file in the FICP amounts to prohibiting you from taking a new loan. The right question to ask yourself is: if a person is already unable to pay off their debts, why give them new credit that will only make their situation worse?
1 / You are late in repaying a loan:
2 / You have filed an over-indebtedness file with the Banque de France
Please note, the registration procedure is immediate as soon as you submit your request ... You should therefore avoid launching a procedure just to see "if it works" ... Requesting an over-indebtedness file is not a simple formality . It is an act so you will suffer the consequences for many years to come.
If you are stuck for a delay in the repayment of your credits (or an abusive use of your overdraft), the duration of the card is 5 years .
You can be written off early if you fully pay off your debt.
If you are stuck following the filing of an over-indebtedness file , the duration of the file will vary depending on your situation with regard to your file:
- up to a maximum of 8 years , depending on the duration of the conventional repayment plan resulting from the over-indebtedness file
- for 5 years mandatory if you have been the subject of a personal recovery procedure or a civil bankruptcy judgment.
The answer is both very simple and obvious ... To stop being on file you must pay the amounts you owe ! Easier said than done, knowing that you can't do credit while you're on file, which makes good sense from the lender side. The only exception: individuals who own real estate can apply for a mortgage loan which will combine mortgage loans, debts and consumer credit records. In return, the bank takes a mortgage on your real estate, house or apartment.
Are you applying for a loan and it is refused for registration when you thought you were no longer listed? ... First check the following: