FMH-Finanzberatung has compiled a ranking of the best online installment loans. Especially the German Skatbank convinces in different categories.
(Photo: imago images/Schöning)
Cologne Inflation is eating away at the savings of many people. Experts therefore expect that more and more people will soon take out installment loans. Some simply run out of money due to rising prices. If unforeseen expenses then arise, the path to the bank or online bank is mapped out.
Lawyer Marcus Köster knows that too. He works at the consumer advice center in North Rhine-Westphalia and answers questions about loans and debt relief every day. “Payment bottlenecks increase demand,” he explains.
As early as 2021, the number of installment loans in Germany increased again for the first time in four years. Schufa identified around 6.9 million newly concluded installment loans. This corresponds to an increase of 4.5 percent compared to the previous year.
Small installment loans were particularly popular – mainly among young people. Because they are increasingly using online payment services, which often offer so-called “buy-now-pay-later” offers, i.e. de facto purchases on credit.
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