Banking
Debt Consolidation in France: Complete Guide 2026
Too many loans to manage? Discover debt consolidation to reduce your monthly payments and regain financial peace of mind.
Updated February 10, 2026
Comparatif24.fr Team
Warning
Debt consolidation is a last resort solution, not an optimization tool. Reducing the monthly payment extends the duration and increases the total cost. Analyze your situation carefully before committing.
What is debt consolidation?
Debt consolidation (also called loan buyback or debt restructuring) involves combining several loans into a single new credit. A financial institution pays off your existing loans and offers you a new single loan.
Basic principle
3 loans
Monthly: €850
→
1 loan
Monthly: €450
Monthly payment decreases because repayment period is extended
Advantages and disadvantages
Advantages
- • Reduced monthly payment: up to -60%
- • Simplified management: one loan, one payment
- • Avoid over-indebtedness
- • Single rate, sometimes better
Disadvantages
- • Increased total cost: more interest over time
- • Extended duration: longer debt
- • Application fees: 1% to 5%
- • Early repayment penalties on old loans
What can be consolidated?
Can be consolidated
- • Mortgage
- • Car loan
- • Personal loan
- • Revolving credit
- • Bank overdraft
- • Tax debts
Cannot be consolidated
- • Gambling debts
- • Criminal fines
- • Alimony
- • Business debts
Sources
- Banque de France - banque-france.fr