Loans carry some risks - a considered approach to this financial service is therefore very important. The Consumer Credit Act protects you from getting into an over-indebtedness situation by taking out a loan.
It obliges lenders to check your creditworthiness before granting the loan at best.
However, it does not guarantee that your household budget is secure; therefore, we recommend that you plan your budget specifically and take into account possible financial bottlenecks due to changes in your life situation.
If necessary, take appropriate help from a Debt counselling in demand.
Federal law on consumer credit
Save article as PDF: Consumer Credit Act (KKG).pdf