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Daily Dutch News in English

Dutch people continue to borrow less money

Dutch people remain reluctant to borrow money.

According to the Central Bureau of Statistics (CBS) a total credit of 9.3 billion Euros was provided to consumers last year.

That’s almost four percent less than in 2009, when the lowest amount in years was borrowed.

Mainly these are 3 Month Loans or longer for large purchases like a new car or television.

The total amount borrowed per person remained the same, but fewer people obtained a credit.

The consumer debt has increased late last year to a total of 10 billion euro. At the end of 2009 this was still 9.7 billion Euros. That’s an increase of three percent.

The government will soon create a bill to limit overdraft.