If the majority of household overindebtedness files filed in overseas departments and communities in 2021 (1,202 of 2,202) were in Reunion, Iédom does not note any deterioration of the situation on the island in this area. The number of files validated by the Individual Overindebtedness Commission has increased compared to 2020, atypical year due to the health crisis, but decreased by almost 7% compared to 2019. “The positive effects of the Lagarde law (2010) in terms of distribution of consumer credit continue to be felt, with more balanced marketing methods than ten or fifteen years ago”, Households who had already declared themselves over-indebted in the past and who filed again in 2021 only represented 27% locally, compared to 44% nationally. These cases are often the most difficult and almost half the time lead to a procedure for total debt cancellation., considered when the debtor has no capacity to repay and his financial situation is not likely to improve. The files declared admissible mainly concern people not living as a couple, aged 35 to 54, tenants (67% of cases) and, in more than 72% of cases, without paid activity. Filers are unemployed, retired, on long-term sick leave or in a disability situation…
The health crisis has not led to over-indebtedness
