To Finance the purchase price was offered to her credit, looked on the first glance, and for the time attractive.
In the workshop, you should complete a credit line with a credit card at Dresdner-Cetelem credit Bank. A credit framework in the amount of 1500 Euro. The Effective annual interest rate in the first six months at 1.90 percent.So far So good – but the subsequent interest rate conditions, it is had in:
- The Effective annual rate rose from 7. Month and 9.90 percent per year, provided that the credit balance was below a limit of 1000 Euro.
- Increased the balance in the amount of 1000 Euro, which increased the effective annual interest rate of 15,90% annually.
- With the credit contract has been sold a payment protection insurance, which cost monthly, 0.84 per cent of the credit balance.
- For the repayment of the loan was agreed on a monthly minimum rate of 3 per cent of the credit balance (the previous month).
Since they had to this time on a low income of only a month to 800 euros, took the woman's offer gladly. She was a single parent and had to Finance the low-income life for herself and her child. She took the granted credit limit with the purchase price of the winter tires in the claim, later, for more payments followed. Display you can Find your free credit card card scout
Then followed what had to follow: over the years the Rates have increased. When she could no longer pay the end of 2019, meanwhile, at around 150 Euro increase in the monthly installments, asked the car driver to the lender about the transfer fee amount: There are still to repay more than 5000 euros, with the Bank said.consumer advocates fall short of a
in addition, it was stated that the residual debt insurance is a group insurance, in which the Dresdner-Cetelem credit Bank policyholder and the consumer are the only Person insured.the woman paid, in truth, almost 30 per cent effective interest rate for the tires
In the end, the consumer advocates come in an incredible interest rate: even if you put only half of the residual debt insurance premiums in the calculation, resulting an effective rate of 27,08 percent annually. Display Here you will find the to terminate the template to your credit card!
"the market has been exceeded interest rate for revolving loans of 10.53 percent per year to 157 per cent," says the consumer. The full rest will be taken into account the cost of debt insurance, it is even Exceeded by 233 percent. "In the two constellations is usury", so the clear conclusion of the experts.
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In the FOCUS Online/Wochit In The CHIP/Wochit In theUpdated Date: 21 May 2020, 15:37