Gone are the days when people could borrow money cheaply from the bank. If you buy a car or a washing machine on credit, you have to be prepared for higher interest rates. But beware: not all credit is the same.
from
Felicitas Wilke
In the advertising brochures of some furniture stores and electronics stores, the smallest number continues to play a major role. In order to convince people to afford something they cannot afford right away, companies such as Segmüller or Mediamarkt continue to offer interest-free installment loans with partner banks. They are better known as zero percent financing. Otherwise, however, the times are over when consumers could borrow money from the bank very cheaply or, even more extreme, even received money as a gift as a publicity stunt. Interest rates are back, even for installment loans.