The idea sounds as simple as tempting: on platforms on the Internet lenders and buyers come together – similar to the buyers and sellers on eBay and no appointment with the bank. However, this is also the catch: The conclusion of a loan agreement is not comparable to the purchase of a book or board game – advice makes sense. And consumer advocates warn that not all offers collateral.


Picture: EU Europe 

Several credit platforms are now online in Germany. “There are different qualities there,” says Peter Lischke, a money expert at the Verbraucherzentrale Berlin. It would be different, above all, whether and how thoroughly the portals examine the mediation between the lender and the lender and whether they offer collateral for both sides. Similar to other offers of the Web 2.0 – the video platform Youtube or the contact exchange MySpace – the credit marketplaces should be social networks of the users. “Social Lending” – has become naturalized as a generic term.

If you are looking for a loan, introduce yourself online, specify the desired loan amount, term and interest rate. If you want to invest money, look at the offers and select who you want to spend money on which terms. In this free market lower interest rates are to be possible than at the bank, advertise the operator – because costs of administration and mediation, the banks are included in the interest rate, do not apply. In turn, lenders can make lending dependent on whether they consider the borrower’s intentions to be meaningful and worthy of funding.

“What does he want the money for and what collateral is there?” – These questions are Peter Lischke credit providers on the way. The expert sees difficulties with the portals, especially for the provider side: “Of course, the borrower is obliged to repay the money – but does that happen?” That was usually unclear for providers and difficult to check online. Borrowers, on the other hand, need to know that sometimes fees are incurred – in some cases consumer protection also criticizes a lack of transparency of offers.

“eLolly” based in Brunnen, Switzerland, for example, expanded its website in September and promotes consumer safety. In addition to consumer loans, there are now also real estate offers and start-up financing. Stefanie Laag from the consumer center North Rhine-Westphalia in Dusseldorf is skeptical: “The offer has the appearance of more transparency, but it is still so that you have to register before you get more detailed information about the offers.”

The fee for the registration was even increased. Now € 19.50 is due – before it was € 9.50 – to set an offer. This applies to both lenders and borrowers – regardless of whether it actually comes to a credit agreement. A one-time registration fee of 9.50 euros – but only for borrowers – is due at “” from Hilden near Düsseldorf. Further costs are incurred when customers request “certifications”: this allows borrowers to have their ability to pay verified by the portal operators, increasing their chances of obtaining a loan.

On the website, the operators advertise that consumers can get a loan even without Schufa information. Stefanie Laag, however, warns against accepting a loan at all if one has received a cancellation from banks for lack of creditworthiness. At “” from Berlin, the operators are following a different concept: Here, a bank is interposed. And the user only pays a commission when it actually comes to a credit agreement, explains Alexander Artopé, one of the founders. It also examines the creditworthiness by the credit seekers are divided into risk classes – depending on their rating at the Schufa.

Within this risk group, a compensation payment then takes place when a member makes his payment

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Public debt accounts for a quarter of budget spending in 2013, 33.8% more

Public debt accounts for a quarter of budget spending in 2013, 33.8% more

  • Debt: strong increase of 33.8% due to the reorganization of the financial sector, support for liquidity of administrations and Treasury issues.
  • Pensions: the expense goes up by 4.9% in relation to the previous year but the retirement pension only increases by 1%.
  • Unemployment: it has an allocated expenditure of 26,993.7 million euros for next year, although this item falls by 6.3%.
  • The Government will have to resort to the ‘pension piggy bank’.
Zona euro

Economy in the euro zone. GTRES

Pensions, unemployment and public debt ‘eat’ six out of ten euros of budgetary expenditure planned for 2013, as recorded in the draft General State Budgets (PGE) for the next year. Specifically, these three items add up to a total of 187,139.76 million euros , which represents 58.5% of the total expenditure contemplated in the Budgets, which amounts to 319,460.60 million euros, 2.5% more than in 2012

Debt ‘eats’ the fourth part

The new financial needs have meant that the Government has to allocate to the payment of the debt in 2013 almost a quarter of the total expenditure of the State.

Thus, in the PGE project for 2013, the public debt totaled 38,589.55 million , with a strong increase of 33.8% , due to the reorganization operations of the financial sector, support for the liquidity of the regional and local administrations and to the increase in the Treasury’s emissions. The draft Budget Law for this year provides for these circumstances the gross issuance of 207,173 million euros, of which 48,020 million correspond to the net financing needs.


The doubts surrounding the euro have increased the financing of Spanish debt in the markets in recent months and has increased the interest paid for it, which has led to an additional 9,000 million euros for this item, which is approaching already at 40,000 million.

Public debt will reach 90.5% of GDP in 2013 On the other hand, the aid that will be requested to Europe to recapitalize Spanish banks will raise the debt of all public administrations next year to 90.5% of GDP , This is also explained by the payment plan to suppliers or the part assigned to Spain in the rescues of Greece, Portugal and Ireland.

Likewise, the aid that the State has given for the reorganization of the financial sector have been computed as a deficit for information, which will raise the expected imbalance of public accounts to 7.4% of GDP this year, instead of 6.3 % calculated.

However, Montoro has clarified that this increase does not have to be corrected and will not entail additional adjustments , since it will disappear by itself when the entities return the borrowed money.

Cuts in personnel and ministries

The Government does not doubt that it will meet the deficit target committed to Brussels, which is why the budget remains restrictive in expenses such as those for staff, which are cut by 3.9%, and to the ministries, which adjust average of 8.9%.

In addition , spending on infrastructure (13.5%), transport subsidies (27.1%), citizen security and penitentiary institutions (5.4%) and defense policies (7.7%) were cut. others

On the contrary, the game destined to civil R & D is not touched and the public workers are guaranteed that they will have two extra payments (after suspending the one in December 2012).

To the rise of income tax and VAT in 2012 are now added the extension for one more year of the estate tax and a new tax of 20% for the lottery, Red Cross and ONCE awards over 2,500 euros, among others.

In total, the fiscal adjustment included in the 2013 budgets is just over 13,000 million .

Spending on pensions and unemployment

The biggest expense corresponds to pensions , which take 121,556.51 million euros, which represents a growth of 4.9% in relation to the previous year. For its part, unemployment has an assigned expenditure of 26,993.7 million euros for next year, although this item falls by 6.3%.

The Minister of Finance, Cristóbal Montoro, has argued that the budget for the State is “increasingly social” as a result of the crisis, as evidenced by the fact that 63.6% of the expenditure of the 2013 accounts are destined to Expenses such as pensions, housing or unemployment.

The retirement pension goes up by 1%

The minimum retirement pension for persons aged 65 or over with a dependent spouse will be 10,798.20 euros per year in 2013, while for beneficiaries under that age it will be 10,119.20 euros per year. According to the bill, pensions paid by the Social Security system, as well as Passive Classes, will experience an increase of 1% in general terms in 2013.

  • If the retired person is 65 or older and lacks a spouse, they will receive a minimum pension of 8,751.40 euros and if they have not reached that age they will charge 8.185.80. For those over 65 with a spouse who is not dependent, the amount is 8,300.60 euros per year and 7,735.00 euros for children under that age.
  • In cases of severe disability , for people over 65, the minimum benefit will be 16,198 euros per year for pensioners with a spouse and 12,451.60 for those who are not dependent on it.
  • For those who have no spouse and are considered as a single-person economic unit this pension will amount to 13,127.80 euros.
  • Widowhood: widows with family charges will charge 10,119.20 euros per year, 65 years old or disabled with a degree equal to or greater than 65% 8,751.40 euros, those between 60 and 64 years 8,185.80 euros, and under 60 years 6,624.80 euros.
  • Orphanage: the aid per beneficiary is set at 2,672.60 euros per year, an amount that rises to 6,624.80 euros for absolute orphanhood, to be distributed among all recipients.
  • Disabled beneficiary under 18 and a disability equal to or greater than 65% is set at 5,259.80 euros.
  • Regarding non-contributory , the amount of retirement and disability pensions will be set at 5,058.20 euros in full annual.
  • The amount of the pensions of the extinguished Obligatory Old Age and Disability Insurance (SOVI) is set at € 5,595.80 per year if it does not coincide with other benefits.
  • A pension supplement of 525 euros per annum is established for the pensioner who proves irrefutably to have no property and have, as a habitual residence, a rented dwelling that is not of a relative or spouse or person with whom they have a stable or cohabitable union . In the case of family units in which several recipients of non-contributory pensions coexist, only the complement of the owner of the rental contract may be received or, if several, the first of them.

Pensions “will go up”

The minister has not clarified whether the government intends to revalue pensions this November to compensate for inflation , which has risen above the 1% in which pensions were revalued in the accounts of 2012. He has merely stated that the Government’s forecast is to raise pensions again next year, and that as regards revaluation “the legislation is in force.” “That’s what I have to say” , has settled.

For its part, the Secretary of State for Budgets, Marta Fernández Currás, has assured that the Budget “has incorporated an increase in pensions , is budgeted and will be so”, and has clarified that if more funds were needed to cover these needs could be expanded.

‘Pension piggy bank’

Last Thursday the Government approved to have, for the first time, 3,063 million euros of the reserve fund of the Social Security, the so-called ‘piggy bank’, to meet “a series of needs of treasury “, as reported by Soraya Sáenz of Santamaría.

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Entry age at the start of insurance: Better to act in 2017


Many consumers are unaware that some insurance companies do not count their actual date of birth for the contribution calculation, but the year in which the contract is concluded. Anyone who thinks about expanding their insurance portfolio should therefore take action later this year.

Many avoidable mistakes when buying a property


Many Germans want to live in their own home. There they can switch and act as they want. A home is also considered a good precaution for old age. However, to make the dream of the house not a nightmare, there are some points that should pay attention to future owners when buying a home.

Savings behavior of Germans has changed significantly due to financial crisis


Ten years ago, life insurance was still very popular with savers. Two out of three citizens then relied on this form of investment to build up a financial cushion. But due to the financial crisis and the resulting low interest rate phase, the savings behavior of Germans has changed significantly. Now, real estate is the most popular savings system.


No money or ignorance: students are financially inadequate


At the moment, many first semesters are pouring into the universities, laying the foundation for their professional future. In order to be financially well positioned later on, it would also make sense for students to take their precaution as early as possible. But the majority of students not only neglect their financial but also their risk prevention.

Vorsorgeatlas 2017: Without precaution, standard of living is not guaranteed


The good news beforehand: According to the Prevention Survey 2017 by Union Investment, the German pension system works in three shifts to safeguard the standard of living in old age. However, especially young people need to use all three pillars. Otherwise, they are heading for a pension gap of around 800 euros per month.


Germans lose 552 euros a year through inflation and low interest rates


The Germans lose an average of 1.9 percent of their income through investments, the interest rate is below the inflation rate. Savers in Hesse are burning a lot of money due to the negative real interest rate: They are forfeiting 552 euros a year. Even in Bavaria and Baden-Württemberg, the combination of low interest rates and inflation is leading to significant losses.


Mortgage lending: Five tips advisors should give their clients


Future homeowners take a lot of money for their dream home. Often, the credit is in the six-digit range. Some mistakes, however, make construction financing much more expensive. But with the right tips, consultants can warn their customers of pitfalls and make a name for themselves as a competent partner.


New income limit for private health insurance


Employees have to earn a certain income in order to be able to switch to or stay in private health insurance (PKV). Now the probable values ​​for both the so-called annual earnings limit and the income thresholds for the statutory pension and health insurance for the coming year are available.


Home: Germans are in debt with an average of 258,000 euros


Last year, a loan, which consumers have taken to build or buy a house, was between 173,000 euros and 341,000 euros, according to the state. The most expensive loan was in Hamburg, Bavaria and Baden-Württemberg. The financing in Saxony-Anhalt, Thuringia or Mecklenburg-Vorpommern was much cheaper.


Providing with a Riester pension reduces the risk of poverty in old age


The German Institute for Old-Age Pensions (DIA) has recently addressed the question of how high the risk of old-age poverty in 2030 will be. If the pension level drops to 43 percent by that time, the number of pensioners at risk of poverty will increase from the current level of 18.5 percent to 23.8 percent. With a Riester pension, however, the risk can be significantly reduced.



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“Walks” by PSA and Renault, GM & S workers are ready to blow up their factory

This is the climax of an industrial tragedy that has bogged down since December. In desperation, the 279 employees of GM & S Industry, a subcontractor of the French automobile sector and second employer of the Creuse department, placed in receivership since December, destroyed on Thursday two of their tools (a press and a machine tool ) worth several thousand euros. Unanimously, they also decided to trap their factory. A La Souterraine, at the machine on which they have made since the 60 parts of some of the best sales of Peugeot and Renault, they installed gas canisters and gasoline cans. “We will blow up everything”, they registered a tank. Saying he “was kept out of the negotiations,” said the Inter regret having to “come to such end to be heard.”

Although they deny it, the two French manufacturers, who together account for 64% of turnover of the company, have power over the future of its employees because lack of firm commitments on volumes of forwarding orders, the French company GMD potential buyer will not be able to present a costed plan to Poitiers commercial court on May 23 In this case, it would be forced to decide the outright liquidation of the company Creuse.

“That’s enough! Labrousse Vincent ton, the CGT became the voice of the anger of the 279 employees. We are taxes to be radical in addressing the work tool, but it is not more than they which were first deprived us of our revenue by doubling our pieces and thrown into the clutches of an incompetent buyer they denounce today. ”

More on GM & S: “For thirty years, this company has been carved up”

Renaud Le Youdec, the negotiator crisis created by the legal representative, himself confesses not understand the attitude of car manufacturers. Having taken over the negotiations late April, he paid her apron, not without appeal to the responsibility of Peugeot and Renault, “French manufacturers have a responsibility when they disengage from order books written down recorded with French companies and to outsource elsewhere. The discourse that is to say that now that they have also affected parts historically produced here, they can no longer turn back is particularly audible in the current national context. “According to him, the position of the manufacturers is particularly inadmissible that its proposals “are quite consistent and reasonable in light of the recovery in the stamping industry.”

“A question of morality”

This specialist trading confesses he had never seen such a situation. “An ultimatum ran until Wednesday evening. Without new to date, I can only consider that the negotiation is aborted. So I resolved to restore the file to judicial officers “Still, he says,” since my arrival here, the employees have made real efforts: they continued to produce and renounced any social movement. they have, which was not acquired, accepted the principle of a redundancy program and even agreed, on my advice, to respond favorably to Renault’s urgent request to whom they supplied parts for those they had produced elsewhere were blocked [Brazil, ed]. ”

An application that, according to the Creuse direction, the diamond brand has reformulated this week even as negotiations were blocked. “I refused, I’m not paid for it,” says Renaud Le Youdec. And continuing: “In over 65 years, my career is behind me so much talk freely: I refused to do it and I explained very clearly to employees. It’s a question of morality, I will not ask one more effort to these employees for a partner whose behavior is being lead everyone to the job center. ”

The trader does not deny that Peugeot and Renault refused to assign new production at the plant and limit its commitment for any purpose series, giving not, in fact, no visibility on the future of this site. Yet it is equipped with a cataphoresis workshop, a rare tool on French territory. “What is accused, it is a social movement that led to the blocking of supply there several years and the failure of the last two bidders,” said the negotiator.

“They have condemned us to asphyxia”

In 2009, when the recovery site by Altia, manufacturers had yet had their say, as in 2014, when the name of the Italian buyer, Giampiero Colla, GM & S, was blown by PSA. “A downright bastard,” commented Alain Rousset, President of New Aquitaine during its site visit on May 3 And for good reason: the Italian investor has left bad memories at home also, in Fumel, where he drove Metal Temple liquidation.

“For six months we have left the work of negotiation to be said Vincent Labrousse, the CGT. A week before the hearing in Poitiers, we can only say that we were wandered from one end to the other by French manufacturers, who knew very well when they split their supply sources to d other subcontractors, they condemned us to asphyxiation. A week before the deadline, they continue to play with our future. ”

Employees are now calling for arbitration of the new head of state. They ask Emmanuel Macron, they had unsuccessfully invited to visit them at their candidate traveling in Oradour-sur-Glane on April 28 to take a position. “We want a serious debate among serious people, and that the French carmakers are face up to their responsibilities.” The gray mine but determined, they promise to “not die without a fight.”

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