Credit application: Independent broker or your usual banker?

Are you planning to make an expense that exceeds your monthly financial means and your savings? The obvious is obvious: you are going to address the credit market.

Are you going to go to a traditional bank or a credit broker?

Two solutions that offer different services.


A priori, nothing too difficult

credit loans

Except that since 2012 the economic situation is different. The financial crisis linked to the public deficit of European countries has been there and the so-called austerity policies designed by governments have an undeniable impact on the credit market. Indeed, banking activity is now the subject of all attention and in this area, one word reigns supreme: caution.

The figures speak for themselves: the number of mortgages contracted decreased in Belgium by 23% in March, compared to March 2011. In France, over the same period the fall was dizzying: -47%. The number of credit applications in Belgium fell by 20%. The amount of credits granted also recorded a less significant drop of 9%. The amount for credit requests has contracted by 5% (The evening online “Lower mortgage loans in March”, Thursday, April 12, 2012).



credit loans

New customers of Lite Lending have already noticed this. It becomes very complicated to obtain credit from your usual banker. Banks are becoming more and more demanding. With this worrying consequence, the number of bankruptcies in Belgium increased by 26% in the first quarter of 2012.

It would therefore not be surprising if the consumer, who used to go to his usual banker, would have to go to independent credit brokers to check the conditions of access to credit and the financial conditions which are available to him. proposed.

Unlike credit banks, independent credit brokers are credit specialties. Their professional activity is based almost exclusively on the granting of credit. This is not the case for a bank which lives very largely on the investments it makes with the savings of its customers. In other words, access to credit is therefore much easier with an independent broker.

The usual bankers are an essential link in economic policy and today even more than yesterday, they are catalysts. They are supervised by the Banking and Financial Commission, by the Cream Bank and by the government which legitimately wishes to avoid fiascos such as the near bankruptcies of the banks. Result? The measures taken by banks are sometimes more “media” than economic. An independent broker has more flexibility. It accepts or refuses your file on the basis of its objective financial elements and not on the basis of a general policy which no longer makes any distinction.

Finally and it is obvious, your usual banker can only offer you “house” products and cannot take advantage of the enormous diversity of other products that are on the market. An independent broker works with many different financial partners.

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