Zero-percent loans: Dangerous shopping on credit
To sell as many goods that attract dealers with zero-percent financing. But the seemingly free deferred payment has latitude d505 battery drawbacks. Quickly can develop an uncontrollable costs spiral.
In particular, the trade of modern electronics is a business, by which products of this morning are already old news. Only by numerous customers, the competitors in the industry keep up at all quickly. Customers are often lured with competitive prices and easy credit in the stores.
Order to remove the last doubts out of the way, providers try again their customers with a zero-percent financing to befuddle. Although the customer may just burned financially and can afford the flat screen TV can not, he may take the product anyway, if he enters an appearance by installment.
Such deals were once common in the automotive industry lenovo t60p battery. This would push the dealers to sell new cars sales, which are stalled. Today, the "cheap" hire purchase in addition to enjoying the electronics even at great popularity in the furniture industry.
Most will add extra
For the economist Robert Marx of the Department of Managerial Economics at TU Dresden is the zero-percent financing for the most part a sham. Most of the dealers pay interest on loans for the bank. And these costs were factored from the start, he says. The respective products are therefore often more expensive than comparable products of competitors.
Consumer advocates also point out, always consider carefully whether you really have to pay in practice, zero percent. Frequently fees would still help the dealers would also try to provide their customers aufzuschwatzen a credit default insurance, Evelyn Kessler says of the Consumer Baden-Wuerttemberg. "The insurance and the fee is often a stately effective together", says Kessler.
Really expensive would it be if the rates were not paid on time. Then the Verbraucherschützerin that threaten additional stringent reminders and other processing fees, and costs for lawyers and collection agencies. An uncontrollable spiral of costs is the result.
Kessler believes the acquisition of funding already dangerous. This was an invitation to the debt latitude d510 battery. Who can travel for the purchase of a product no money, who must ask himself whether he had the money for the upcoming installments in general.
What is controlled in the credit
On the surface, the less supervised credit Kreditwürdigkeitder buyer. This has led Astrid Springer (name changed by editor) from Dresden at Neckermann furniture bought for about € 800 – to 24-month installment for a cheap loan.
Hotel Kraft as their earnings are not very abundant. The rates they can only pay if it saves iron and is not charged on loans or by other unforeseen costs. Even so, its Neckermann has granted the suspension and sent the furniture – to want to see without a salary slip.
The mail order company apparently controlled by other means, whether its customers to pay at all. "Neckermann.de works with various external service providers. Against non-payment, we protect ourselves, including through external information, "confirmed spokeswoman Monique Voss.
Evelyn Kessler also said that few people get a cheap consumer credit without prior inspection. For most sales contracts stood in the small print that the bank may obtain the information from the dealer community Schufa protection for general credit. Thomas Modig, spokesman for the Schufa, said: "We give relevant information on current loans, missed credit, open accounts and credit cards and checking accounts."
How many of these smaller loans for electronics and furniture to be repaid, there is also no separate statistics lenovo t400 battery. The number of defaults on consumer loans has increased by a total Schufa information in the full year 2009 to about 7 Prozentim the previous year. It should be noted, however, that award in 2009 also because of the scrapping about 10 percent more loans than were in 2008.
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