A purchase including a loan is done quickly
“This government wants to reduce the number of people with problematic debts and better help people with debts,” says Hoekstra. More than half a million people are now registered with the Agency for Credit Registration because of payment arrears in connection with a so-called consumer credit. He says he is worried about the high interest rates in combination with long maturities.
Consumers will also be warned about loans in a different way in the future. The current slogan ‘Please note! borrowing money costs money ‘seems to have too little influence. Hoekstra is looking for a new warning.
More than half of the Dutch (54 percent) have a so-called consumer credit product. This may be something that has been bought on credit, but there is more to that term, such as a revolving credit or a credit card. It turns out that people in financial problems experience a lot of stress and therefore can make an impulsive purchase on credit. That is also easier done online. A purchase including a loan is done quickly.