1 motor vehicle
In the vernacular it is said that “the car is the dearest child of the Germans” – and that actually seems to be the case. Almost a third of Germans borrowed money for this. This puts cars and motorcycles in first place for credit reasons.
2 house or condominium
Every fourth German has taken out a loan for the roof over his head – 2nd place!
3 home furnishings
It should be cozy at home! Whether it’s a new kitchen or a living room set, the German is happy to take out a loan for the home furnishings. Everything related to the household is in third place.
4 Repayment of another loan
Sometimes it makes sense to replace an old loan, e.g. B. to benefit from lower interest rates. The Germans seem to be hard-working changers – at least the item “debt restructuring” ranks fourth in the ranking.
5 consumer electronics
Entertainment electronics ranked 5th. New TVs, music systems or game consoles are often financed by credit.
6 Training and further education
Education is also a good reason for a loan. From time to time, a loan is used for the first apprenticeship or for further training alongside the job – 6th place!
7 Special family occasions
The Germans let it z. B. like to cost something when getting married. The “most beautiful day in life” needs to be celebrated with a glitter, which is why the Germans sometimes borrow money for it. Special family occasions ranked 7th in loans.
8 Starting a business or becoming self-employed
Those who join the founders often need external funding, especially in the first few years. The process of becoming self-employed is often supported by a loan and is ranked 8th.
9 subsistence or rent
Sometimes life goes differently than planned. If it becomes financially tight in everyday life, in some cases only a loan helps to bridge the difficult time. Loans rank 9th for such financial constraints.
10 Travel and vacation
So that nothing is missing on vacation, the Germans sometimes borrow money. 10th place for the credit-financed “Best Time of the Year”.
11 Fashion, clothing, jewelry
A very small proportion of Germans also finance everyday items such as clothes or jewelry with borrowed money. Fashion and Co. only ranked 11th.