The credit default risk is a latent financial risk of the lender to get the money lent as loan or loan only partially, not on time until not repaid at all. The risk of a possible loan default begins with the transfer of the loan amount to the borrower. As of now, the lender is […]
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Young people are often unable to repay their loan
Pay 40 percent higher or less Young people do not pay their loans 40 percent higher or less than the average consumer in Germany. This emerges from the data of credit bureau on contract behavior of Germans. On average, 97.5 percent of the loans granted in Germany are duly repaid. The default rate is therefore […]
How do I get a payday loan despite credit bureau?
You have requested a loan from your house bank and have received a cancellation? This is happening to many of us now: More and more people in Germany are facing the same problem when it comes to credit inquiries. You do not need credit immediately without credit bureau, there are many small banks that do […]
Interest rates rise: How borrowers hedge themselves now
The interest rate level is rising: The turnaround on the money and bond market has started at the latest with the EB’s interest rate increase last week. Borrowers, however, do not have to accept rising interest charges. With a suitable restructuring of existing loans, the consequences of rising interest rates remain manageable. The rising interest […]
Credit market: what will happen after the interest rate increase?
For the first time since July 2008, the EurCen Bank (EB) raised the key rate for the euro zone on Thursday. As expected, the minimum bid rate increased by 25 basis points. Borrowers should follow the move as closely as the statements by EB President Jean Claude Trichet at the press conference. The interest rate […]