“banks and savings banks are prepared for it,” said a spokesman for the German credit services sector (DK). Consumer advocates welcomed the legal regulation, prescribed, but caution.
- Coronavirus outbreak in the News Ticker – here you can read all the developments for the pandemic
“It is an acute measure, the debt will not be conjured away with it. First of all, consumers should check state transfers such as housing subsidies,“ said Dorothea Mohn from the verbraucherzentrale Bundesverband (vzbv). The moratorium applies from the 1. April to end of June for consumer loans, the before 15. March have been completed. “Probably, three months are too short. We hope that, where applicable, will be readjusted,“ said poppy. Here instant loan easily and quickly compare (display) For the Focus Online instant loan comparison
credit pause: Affected payment bottlenecks prove
Critically, she sees the opportunity to agree voluntarily with credit institutions other arrangements. “The danger is that consumers are worse off is. This must not happen,“ said the head of the vzbv-financial market team. At the same time, she urged, in Distress, consumers should turn to in case of problems with rate of interest and repayment of loans swiftly to your Bank or savings Bank and “in no case will sit this one out”. The scheme applies, but only for people who have come because of the crisis in difficulties. “The need to prove to be Concerned, in case of doubt, also.”
Also, the German banking industry had privately advised customers in difficulty to contact as soon as possible with your money house.
- you might also be interested in: employment protection, loans pause: These grants are available for landlords and tenants
savings banks: Already of 124,000 people hour loans
Some institutions have been offering since a few days, their customers, the repayment of loans to suspend. The President of the German savings banks and Giro Association (DSGV), Helmut Schleweis, told the “Handelsblatt”, and the same for 26. March for installment loans as well as for real estate financing. A prerequisite is that because of the spread of the Coronavirus revenues are down and the customers could not pay otherwise. “We don’t trust our clients that this Instrument is inappropriate.” Until Monday morning of 124,000 people of this option would be made use of. So you Finance your home, Our PDF guide shows you how to find cheap loans, pitfalls to bypass and get money from the state.To the PDF guide
The Commerzbank granted to private customers, which are affected by short-time work, according to information in the case of consumer loans, currently a three-month payment break. In the case of construction loans, a simplified suspension of the repayment is up to six months.
private insolvencies are likely to
take The information companies Crifbürgel had recently warned of a rise in private bankruptcies as a result of the crisis in Germany. Not only unemployment, but also the strong increase of short-time work will increase the number of personal bankruptcies, said managing Director Christian Bock. “The people in Germany will have less money in your pocket to their obligations, such as loan payments, Rent, or financing to comply with. To duration less income leads to over-Indebtedness, and then in the personal bankruptcy“, he said. Where is Coronavirus? Real-time map showing the spread of the disease, FOCUS Online/Wochit Where is Coronavirus? Real-time map showing the spread of the disease
came/dpa-AFX
