Dortmund falls into credit traps as energy prices surge: 3 cunning schemes warned by consumer advocates.

“Loans without Schufa”, “unbureaucratic instant loan” and so on: For those who are short on cash, this sounds too good to be true. Most of the time it’s not true either: three stitches are spreading rapidly.

3 Min reading time

2023-03-15 08:00:00

Trap 1: Instant Mini Loan

No right of objection

Trap 2: “Financial restructuring”

Case 3: Line of credit with a card

Complicated jurisprudence