Study: Forward loans are not always worthwhile

Forward loans can become a cost trap: As a study by AstroFinance indicates, the loans are by no means always worthwhile. Rather than protecting against rising interest rates, they often cause horrendous additional costs: borrowers have paid up to 30,000 euros too much over the past few years. Based on in-house data, AstroFinance analyzed the […]

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State-owned pawnshops: Credit conditions close to usury

In addition to private pawnbrokers, there are also some public pawnshops. Citizens can lend money there against the deposit of collateral and bridge financial bottlenecks. However, state-owned lending companies are by no means classed as “social institutions”. On the contrary, the conditions are so unfavorable that the limit to usury can only be recognized with […]

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