May/090
After the housing bubble, the bubble of the loan?
Loop today indicates that the IMF (International Monetary Fund) has highlighted the growing pressure on consumer credit.
It is estimated that in Europe will be burned 7% of 1730 billion Euros in consumer credit, while the U.S. will go’ lost 14% of 1914 billion dollars total.
The matter was taken into consideration by the Financial Times that focuses particularly on the United Kingdom.
In this country the consumer credit has passed the unemployment problems of prediction going to banks will deliver the money.
Also in the country of “Tea” Unemployment is rising and not expected to decrease, as the delinquencies of these years.
Concern about this “credit bubble” seems to cover all of Europe, but especially England.
To hold our “beautiful country”, do not believe that consumer credit is a concern and pervasive as in other nations.
Naturally, however, is a procedure in which the authorities must keep your eye focused and make sure it never exceeds the values from which he cannot go back.
May/090
Black Card, Money Carbon Graphite
DEUTSCHE BANK BLACK is a credit card issued by BankAmericard division of Deutsche Bank SpA
Be in possession means that you can take advantage of additional services solely to payment of money.
Its cost is 250 Euros per year and provides insurance coverage, travel assistance, medical, legal and more.
Furthermore, for every euro we spent, we can collect 1 point Mille.
Finally the last feature that distinguishes the card from others is the material of construction: carbon graphite.
Searching the internet I found the general conditions on this credit card:
- Deutsche Bank Black costs € 250.00 per year and gives a monthly credit limit starting from 15,000 €.
- the advance cash per day from ATMs range from a minimum of € 100,00 to a maximum of € 1,000.00 (or currency equivalent) with a commission of 4% in both Italy and abroad.
- The cost of sending a letter of complaint is of 1.65 €.
- POS payment transactions are free. They are also free operations refueling at service stations that display the MasterCard brand.
- Abroad, there is no increase in the transactions of purchase and withdrawal be made in the currency of euro area countries, while the other currencies is 1.75%.
- Holders can request for another member of the family an additional card Black free.
If you want to go into that, I found this pdf document, you can download and read quietly.
May/090
Slightly decreases the consumer credit in Italy
According to a recent study by Confcommercio-Censis on “climate of trust and expectations of Italian families”:
“The economic downturn – it says – has shed light on the problem of the rapid growth of Italian households and dissemination of insolvencies, although the rate of debt in Italy remains among the lowest in the industrialized Weights”
Consumer credit seems to backtrack and start to decline.
This year 15.5% of households made use of consumer credit, while in January 2009 was 17.8%. The percentages are not high, but collection periods are quite close together.
Also about 50% of households claim to use consumer credit only by necessity and not as a customary purchase.
For Memory remaining 50%. That the consumer credit purchases allow quick, low monthly figures, but the interest rates drive up the purchase price at the expense of the buyer.
When possible I always recommend waiting in buying the product and put away each month the amount necessary to pay interest to the finance company.