The Post Bank shines with its revolving

The revolving loan provides the Postal Bank is finally ready and trained counselors. Already marketed, but discreetly. Because officially, the establishment still does not offer this form of revolving credit called “revolving” and accused of pushing to over-indebtedness. An activity at odds with its image bank of public service.

The customer who requests by telephone a credit facility, the response fuse unambiguous: “Call 3639.” There, after some usual issues (income, outstanding loans …) and an online simulation, the counselor continues: ” Yes, you can unlock up to 10 000 euro. “Generous, the Post! We do that asked 3000 …

Trivialized. October 17, Philippe Wahl, head of the Postal Bank, heard by the Economic Affairs Committee of the Assembly, was working to trivialize this future launch. Why the Postal Bank does she not engage in this activity, since Benoît Hamon, the Minister for Social Solidarity Economy and Consumer Affairs, “does not want the ban on revolving credit […] and better, said he was interested in [the new offer] we test. ” Wahl And to drive the point: “We are working with our teams and we will launch this credit only if it is consistent with the principles that will determine the future law.”

Although clear, the road does not present less numerous obstacles. First, given the categorical statements of the boss of the group La Poste, Jean-Paul Bailly, on 29 November 2009, still before the Economic Affairs Committee: “I emphasize that we do not propose revolving credit to do not push to debt. “a statement intended to calm fears, even as the public company was about to embark on the consumer credit market, via an offer limited to conventional personal loans. More recently, the candidate Francois Hollande wrote to the FO union of the Post: “I am against the use of revolving credit, or revolving, as a palliative to credit.”

These dikes are they held? November 30, 2011, Philippe Wahl was hiding behind the words of his boss to breach before MPs: “In the words of Jean-Paul Bailly, since the product is not banned, we would be present on the revolving credit market. “Pretty semantic shift …

In fact, the large machine already carbide thoroughly. It has the tool: Post Bank Funding (BPF), a joint venture with Societe Generale. The architecture specifies the spring of 2011. According to an internal document that Libération has obtained GMP working on a new service, the “service antidépassement” described as “a cash reserve of more than thirty days repayable in monthly payments and X which occurs in a “preventive” to overcome a possible cash gap “.

Who lives. More recently, the online retailer plug formation of the new credit sellers describes a revolving up to 15 000, whose reserve is replenished with use and switched on or off at any time by the client. In short, a fairly mundane product, comparable to the rest of the bank revolving. With this exception: this credit will not be distributed in stores.

Anger rises side unions. From the end of September, SOUTH alert on its imminent launch. Bernard Dupin, director CGT will is moved on his blog before entrusting us yesterday: “People are already in trouble and we will put their head even in the sand!” Consumer associations are also on the who lives. Especially after the bad shot the last month of the Postal Bank, denounced by UFC-Que Choisir: the establishment had decided to advance to the last day of throughput for card purchases that took place on 5th of the following month. A launch pad for revolving?

Contacted yesterday by Libération, the cabinet of Benoit Hamon has a tune: “The leaders of the Post came to hear what we had to say about the revolving. We expect from one day to another the ratio of [Advisory Committee of the financial sector] before strengthening its supervision. “And to warn” against distortion of trade with the Minister “.

“Full-scale”. At this stage, the Postal Bank denies launched its revolving but does not hide test the “life-size and large-scale”, waiting for the green light. She stressed that it fills a gap “between the overdraft and personal loan.” Is it rate? “12.3%,” assured us Councilor. And even “6.3% for the first $ 1 000” when the rate of wear for small loans is 20.3% and the average rate for revolving revolves around 14%.