How does SCHUFA influence lending in Germany?

SCHUFA (Schutzgemeinschaft für allgemeine Kreditsicherung) plays a central role in the granting of credit in Germany. Its credit rating often determines whether a loan is approved and on what terms. But how exactly does SCHUFA affect the granting of credit? What can consumers do to obtain a loan despite negative entries? And why is a … Read more

Everything you need to know about car loans in Germany – for whom they are worthwhile and how to find the best offer

Owning a car is essential for many people in Germany – whether for commuting to work, everyday family life or leisure activities. However, savings are not always enough to finance the dream car immediately. This is exactly where the car loan comes into play. In this article you will find out who uses car loans … Read more

How interest rate trends will affect the credit market in Germany in 2024

Current blog post: How interest rate trends will affect the credit market in Germany in 2024 Interest rate fluctuations have been a major issue in Germany in recent years, and 2024 is no exception. Developments at the European Central Bank (ECB) and other macroeconomic factors have a strong influence on lending conditions. This article provides … Read more