The role of the national credit mediator

The French government has put in place a national credit mediator to help support companies that are having difficulties finding financing.
René Ricol took on the position of national credit mediator in October and ever since, has engaged the help of branch managers of the Banque de France.
The financial crisis of course affects households that are experiencing difficulties to finance their purchases or projects, but also companies that either need to increase their working capital or to finance their development.
With payment deadlines now being stretched, companies need significant sums of working capital, more than ever.
Banking establishments have proven to be increasingly flighty whether it is a matter of financing innovations, authorising overdrafts or reinforcing equity capital.
In the absence of financing, company heads can take recourse to debt consolidation loan or loan buyback formulas that allow funds to be opened up or new financing to be integrated.
Banks have nevertheless committed to maintaining the budget of their company support, without requesting extra guarantees.
The first measure implemented by the credit mediator is to set up a web site that allows entrepreneurs to lodge their complaints.
Branch managers of the Banque de France help the credit mediator to process a maximum of cases.
Each regional mediator can in fact help small company heads to find credit, whether they are artisans, traders or industrialists…
Numerous entrepreneurs are looking towards the financial solutions of intermediaries in banking operations: loan pooling in order to group together their liabilities and other debts.
With debt consolidation loans, small company heads and freelancers can find a serene management of their professional and personal budgets, thanks to a lightening of their global monthly instalments.

Some key players: www.partners-finances.com; www.credit-ssima.fr; www.guide-rachat-credit.com; www.diminutis.fr