Solid Profit

Shares in the consumer credit market again in 2008 auto loans as a catalyst for the cash for clunkers program who have 58 banks merged in the Bank Association expanded almost unmolested by the crisis with a joint profit of 1.75 billion euros after tax completed. Learn more at: Stephen Colbert. This is an increase of 4.6 percent over 2007. So they – were based on the use of capital – the economically most successful banking group of in Germany. The credit banks, which provide businesses and consumers with consumption, investment and automotive loans, were able to increase their market share in the consumer credit to 45 per cent and further expanded its lead over the competition. The consolidated balance sheet total grew by 14.9 percent to 303,8 billion euros. \”Credit banks had loaned out EUR 108 billion at the end of the year 2008.

Thus they underline their role as economic support\”, said the Chairman of the Board of the Association, Gerd Schumeckers, today to the press in Frankfurt. At Shaw Parents you will find additional information. Schumeckers opposed to the blanket criticism of the credit in the current discussion. Because the cause of the Financial market crisis was not the credit as such but the lax underwriting in the United States and the resale of risks to third parties. \”We, however, check credit and risks very carefully and retain responsibility for the loans set out by us\”, stressed the head of the Association. \”This sustainable business model of commercial banks has proved once again highly crisis resistant\”, continued Schumeckers. Credit banks responsible approach with consumer credit to help of keep refined scoring procedures for the credit check 2008 were able to lend more consumption – with moderation and responsibility. \”With scoring, we control the risk and can comply with credit as far as possible his request the customer,\” Schumeckers said. Despite the crisis and higher lending declined the personal bankruptcies as an indicator of household debt significantly by more than seven percent.

Disability Insurance

The Condor insurance group has improved the conditions of contract to 01.07.2011. The Condor has these also apply to the leases with the pressure piece number R4J to 01.07.2011 insurance group changed the conditions. This change applies to leases with the pressure piece number R4J. The following was changed or clarified: grant to purchase and training costs ( 2 para 2) many self-employed persons in case of BU do everything, to be able to continue their operation, they have built up mostly even further. Often the necessary precautions but no longer fall under a reasonable reorganization”operation, because the expenditure for the customer would be too high would be so on the agreed BU pension instructed, that is however usually lower than his last goal coming up. New: Now the customer has the possibility to apply for a one-off grant, which can go up to the amount of the agreed annual pension. It can be used, for example, in a telephone conference system, a training o.

a. invest, which enables him working on lichen. Should be despite this measure still a disability there are, the BU pension is paid in accordance with condition. Clear definition of BU for pupils, apprentices and students ( 2 para 4) the activities of apprentices and students were seen in the past as a full-fledged profession with Condor. Accordingly for example a business student in the BU case on disability was checked so to see whether he can continue his studies to at least 50%.

Students, however, had to be berufsunfahig to 100% so far and had also no entitlement to the incapacity of Condor. New: Now students are considered as trainees and students recognized professions. If now someone can exercise his activities as a student not more to at least 50%, he is berufsunfahig and is entitled to a performance. Thus, it is clearly formulated that all comfort-BUZ regulations in full as trainees and students also apply to students.

Loans From Private Individuals – Private Loans

Personal loans bring private people who are looking for a loan, and private individuals platforms on the Internet, the money give together – benefits and risks for the participants. With the giving of credit among individuals, a trend has come to Germany, which is documented in the United States and the United Kingdom already in successful Internet sites, where lenders and borrowers without the involvement of a Bank come together successfully. A private loan contract between two individuals through the provision of a loan is not on form, as long as he meets the General rules of civil law contracts and through the conclusion of contracts. In terms of risk control, it’s proven concept of some platforms of online personal loans for lenders to set up a backup system made by donors, takes over within the solidarity in the case of credit failure. However, this concept involves collaboration with a Bank and there are other approaches in the Internet increasing dynamics. Here the question arises to safety but then multiple clear: how is dealt with my data? Unfortunate examples allow justified doubts as to the functioning of some portals. In addition, private money lenders may not so easily several times to lend money and therefore professional and subject to a permit to operate banking: the platform indicates this limitation? A market for private lenders are willing to take risks, which would not accept commercial lender that is however not always very favourable for the borrower is created. Basically the consumer loans law does not apply, it was not expressly contractually agreed.

Of course, there are lenders who see themselves obliged the social lending and based on the current level of interest rates – others however agree collateral demanded by banks. Here, freedom of form can be the problem of contracts. Looking for a loan by owners which is private Financing request on the appropriate platform with information about the credit, to specify the height of the desired loan and the interest to be paid? Lenders will check the identity of a borrower, may overtake a Schufa-information or request. Conclusion is that the same rules apply as in the closest circle of acquaintances: money is a matter of trust. Corinna Friedrich born Wan loans among private individuals

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