Other liabilities

Other debts include, for example, loans raised to acquire a free-time residence or a car, as well as other consumer credits. The data for the statistics on indebtedness have been collected from annual return data submitted by financial corporations to the tax authorities. Until 2011, the data included consumer credits and other debts provided they are loans granted by credit institutions and financial corporations or loans exceeding EUR 1,700 granted by other common lenders.

From 2012, debt figures do not have to be submitted for continuous credit as defined in Chapter 7, Section 7, Paragraph 1 of the Consumer Protection Act. According to the definition in the Consumer Protection Act, continuous credit refers to all such credits that previously belonged to overdrafts. Continuous credits can include general or special credit card credits, accounts with overdraft facilities, and other credits that consumers can use continuously within the credit limits without a separate decision to grant credit from the lender.