The Rates

And a higher credit is even necessary, then the desire to the long-term debt is more. This desire is determined controlled less by the interest rate instead of the intention to keep the liquidity burden of the budget as low as possible. Which in turn speaks for the installment loan, which can be stretched almost at will and now clearly constitutes more than half of all consumer loans. Today one can speak even of a veritable Renaissance of instalment loans, albeit with significant structural shifts. The direct rates loan the borrower without interposition of traders at the bank records, has gained strong ground mediated installment loans and financed installment transactions. Higher-quality consumer goods financed most by installment loan.

In 2010, 27 percent of households used such credit, the them in a bank branch, at the dealer or on the Internet have completed and for which monthly paying back rates amounting to 261 euro average. Winners of this development are the regional banks and other credit banks, the branches of foreign institutions and credit unions. However, credit stocks in major banks and savings banks declined slightly, as well as well as the other banks. Loans are popular but not in all parts of society. The members of the lowest and the highest income groups speak out against a recording of credit mainly.

One can not, the others do not want. So anyone who wants to understand the behavior of people in financial matters, must deal with the basic attitude of the people to save. Until then, if your own life situation makes a loan, inevitable or simple the fear be noticeably lower. The conditions for further growth in the rates of credit market are however good bbw experts in the next few years: the labour market is robust, the income rise, the budget foundations continue to increase, the price climate is favorable and low interest rates.