Non-indebted loans for Creditreform
Thanks to clever marketing, many consumers are deceived by low repayment installments and delayed repayments, especially with long financing terms and manageable loan amounts. Frequently, after consultation, the compilation of diffuse obligations in a new loan takes place. Debt and over-indebtedness: The financial situation is unproblematic for those with a stable, fixed-income capital, which at the end of the month take their discretionary credit because their dishwasher is broken.
My work in a debt advice center also shows that some banks – by the way, always the same – have granted loans, even though it was already clear that earlier commitments could not be met and that repayments could not be expected in the future. In contrast to the lender, the borrower too often drops his emotional credit decision based on marketing-optimized repayment options.
Granting of a loan a purely technical
He is entitled to his rights under the Civil Code, but who is actually interested in the social and social aspects when a credit crash or cause for concern? Is the granting of a loan a purely technical, mathematical-economic one in which ethical and socio-economic aspects are not or only under-represented? Openness through competition: Interest rates on overdrafts and, above all, overdrafts seem to me to be a fundamental problem.
On the other hand, I find it questionable that the non-publication of interest rates de facto undermines the competitive market competition. This secrecy obligation, which commits regulators to extensive research, has nothing to do with a good understanding of democracy or a fair competitive environment. In my opinion, it is necessary to turn the problem upside down in all profitable strategies, in the entire cross-border competition and in the search for a well-informed, responsible debtor:
What kind of business models are those that make it possible for over-indebted individuals to lead in the stalemate of personal bankruptcy by giving too easy loans? Basically: “How do we ensure a socially acceptable allocation without the feeling of paternalism?”