FICP file

What is FICP carding?

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?

In which cases are we stuck with FICP?

1 / You are late in repaying a loan:

• you owe more than 2 consecutive monthly payments
• your late payment is more than 60 days
• you have exceeded your overdraft authorization and you still owe us $ 500 (at least) within 60 days of the formal notice
• a bank or a credit institution launches legal proceedings against you or pronounces the "forfeiture of term" (it claims the outstanding capital).

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.

How long does the FICP file take?

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.

How can I stop being registered with the FICP?

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.

If you think you should no longer be on the FICP

Are you applying for a loan and it is refused for registration when you thought you were no longer listed? ... First check the following:

1. You have settled all your creditors , you are no longer late with any bank or credit institution, in short you are "up to date".
2. You waited for a period of 2 months for your loss to be effective and communicated to all banks and financial institutions.
3. You made your new request in a different establishment from those with which you have already had payment incidents. Indeed, some establishments can keep a track of your unpaid debts and will refuse you any credit despite your defhage. It is therefore better to apply elsewhere!

Do you really meet all of these conditions? You must request by mail to your bank a right of rectification to the FICP. After several round trips between your bank and the Banque de France, which pass the buck to each other, you can contact the National Commission for Information Technology and Freedom (CNIL) which checks the proper management of the files. It can intervene with the bank which kept your file active by not respecting the legislation.