General Business

Decline in Consumer Credit of 12 Percent

The Dutch consumer is cautious. This is evident not only from the increase in savings, but also figures from consumtive credits. The figures do not lie and show that there are up to 12% borrowed less. This 12% is good for a total amount of 972 million euros.

Of course, these declining numbers, the providers of credit does not benefit. But where exactly are the hits? This is particularly the finance companies and mail order companies.

Finance companies saw their revenues for auto loans with 310 million euros decline. The loans for the purchase of furniture and electrical appliances showed a decline of 243 million euros to see. Mail order companies showed a decline of 33% from the number of loans they provide.

So we can state with certainty that Dutch consumers have become reluctant to close loans and loans by the current economic crisis. As a result, it mainly cuts on consumer durables. This explains, inter alia, the decline in auto loans.