OTS: SCHUFA Holding AG / Installment loans: Repayment rate was also in … ()

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“Our analyzes show that the regional differences in

Payment disruptions in recent years have further solidified. Local

Differences in payment behavior related to the effects of the corona pandemic

However, we do not currently see that can be associated. The location

is stable, “says Ole Schröder.

The regional comparison shows that in the southern federal states of Bavaria and

Baden-Württemberg will have the fewest payment difficulties in 2020

were. The proportion of people to whom the SCHUFA (at least) one

Had saved negative feature reached 6.6 percent in Bavaria, in

In Baden-Württemberg it was 7.1 percent (compared to 9 percent in the

National average). In Hesse, Lower Saxony, Brandenburg, Thuringia and

Saxony, the proportion of people with payment difficulties was just under in 2020

below the overall German average, in Rhineland-Palatinate the proportion reached

exactly the national average.

In North Rhine-Westphalia and Saxony-Anhalt, the proportions of people were with

Payment difficulties at least one percentage point above that

National average. In Mecklenburg-Western Pomerania, Hamburg, Saarland and in

Schleswig-Holstein also recorded an above-average study

Number of consumers with at least one negative feature. In the

Federal states of Bremen and Berlin was the proportion of people with

Payment difficulties also highest in 2020.

Interactive maps can be found on the Corona dashboard (https://www.schufa.de/u

eber-us / responsibility / schufa-risk-credit-compass / schufa-risk-credit-compass.

jsp) .

North-South divide also in the private debt index

The private debt index (PVI) developed by SCHUFA is one

statistical measure that shows how strongly critical signs of the private

Indebtedness are pronounced in individual geographic regions of Germany.

This includes, for example, open or completed negative features as well

Bankruptcy information. The following applies to the PVI: the lower the value, the better.

The PVI also enables forecasts for the future development of the private sector

Debt in Germany.

The development of the PVI for Germany as a whole was in the period from 2019 to 2020

positive, as both the total number of

Negative characteristics as well as personal bankruptcies is declining. The PVI

improved by 60 points to 931 points in 2020.

Overall, the evaluation for the federal states shows a positive development –

so a decreasing PVI. As in previous years, however, it shows

Here, too, a north-south divide: This is how the federal states of Bavaria and

Baden-Württemberg has the lowest and therefore best index values. That means,

that the risk of over-indebtedness for private individuals was lowest there. At the

The lower end of the ranks were Mecklenburg-Western Pomerania, Bremen and in 2020

Saxony-Anhalt. These federal states have the highest PVI values.

For the current year 2021, SCHUFA is forecasting an all-German

PVI value of 855 points, which corresponds to an improvement of 8.2 percent.

However, a previously little known dynamic characterizes the course and the

Combating the pandemic, as a result of which the economic

Framework conditions and thus the financial impact of individuals

Population groups can change quickly. In addition, many consumers have

possibly their personal bankruptcy being delayed in order of one for debtors

more advantageous shortening of the bankruptcy process so that it too

an increasing number of personal bankruptcies this year and next

can come.

Interactive maps can be found on the Corona dashboard (https://www.schufa.de/u

eber-us / responsibility / schufa-risk-credit-compass / schufa-risk-credit-compass.

jsp) .

Small loans are in greater demand again

In 2020, the proportion of small loans, which has been falling for a long time, has increased by up to

1,000 euros increased again for the first time and was 19.9 percent of all new

completed installment loans (2019: 17.6 percent). However, the share remained

of the high loan amounts of more than 10,000 euros with 43.7 percent continue with

By far the largest share of the newly concluded installment loans – a

constant value compared to the previous year.

“The large proportion of high loan amounts shows that installment loans in Germany

often serve to purchase larger durable consumer goods. That 2020

however, the proportion of small loans of up to 1,000 euros has risen again

is, suggests a “lockdown effect” “interprets Ole Schröder” There too

online trading boomed due to the closings of brick and mortar stores,

the financing often offered here was also asked more often “

The small loans, which will be more in demand in 2020, also influence the

average loan amount. This is 2020 in contrast to previous years only

slightly increased by 2.2 percent to 12,988 euros. In 2019 she took opposite

2018 increased by 14.1 percent (2018: 11,140 euros; 2019: 12,710 euros).

The complete SCHUFA Risk and Credit Compass 2021 with further evaluations

on the credit behavior of consumers in Germany, as well as accompanying

You can find press material in our press area.

(https://www.schufa.de/ueber-uns/presse/pressemitteilungen/)

You can find interactive maps for the regional evaluations on the

Corona-Dashboard (https://www.schufa.de/ueber-uns/verantwortung/schufa-risiko-kr

edit-compass / schufa-risk-credit-compass.jsp).

Current figures on developments in the loan and repayment behavior of

SCHUFA publishes for consumers and companies in the Corona crisis

online im Corona-Dashboard (https://www.schufa.de/ueber-uns/verantwortung/schufa

-risk-credit-compass / schufa-risk-credit-compass.jsp).

Press contact:

SCHUFA Holding AG

Media Relations, Communication & Online Marketing

Sabine Bernstein

Anna-Lena Rawe

Kormoranweg 5

65201 Wiesbaden

Tel.: +49 611 – 92 78-888

Fax: +49 611 – 92 78-887

Email: mailto: [email protected]

Further material: http://presseportal.de/pm/25316/4918022

OTS: SCHUFA Holding AG

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