Information to credits

A credit is a temporally limited hiring of purchasing power. Either this purchasing power is left directly by money check-out counter or by the renouncement of immediate return with the sales. The creditor (credit giver) does without temporarily over the control of the performed credit sum in favor of the debtor (applicant for the credit), who has to pay for it a price in form of the interest. Creditors restaurant economics, which use their own income momentarily not fully and make their requirements available against the national product in favor of the respective debtor, are economicalally seen. A distribution of a credit does not have to take place necessarily via credit institution, although these have a completely substantial portion of entirely carried out volumes of loans. German banks granted altogether 3117.7 billion euro at non-banks to August 2006 inland (source: German Federal Bank monthly report October 2006 page 64/124).

Making thereby thus an important contribution by it many savings amount collect and grant from this credits for the financing of larger projects. There are several criteria according to which one the different kinds of credit can be systematize. One can arrange it roughly after the intended purpose or the running time. During the run time organization one divides credits into short term (until 6 months), medium-term (6 months until under 4 years) and on a long-term basis (starting from 4 years). In connection with the intended purpose organization one differentiates the consumer loan, which is usually used by private people, who want to finance their consumption with the credit, and the productive credit, which is usually used from entrepreneurs to the financing by means of production. One can systematize credits clearly more finely in addition. An organization according to availability, according to security, after mode of payment is usually more meaningful.

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