A new television, sofa, charging station or car: we are buying more on installment than ever before. In 2023, the record was broken with more than 1 million new consumer loans – all together worth more than 15.5 billion euros. And also remarkable: we are also borrowing larger and larger amounts. Not without risk, warns Vooruit chairman Melissa Depraetere, who requested the figures from Minister of Economy Pierre-Yves Dermagne (PS). “The ‘buy now, pay later’ formula can lead to a spiral of debt.”
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Last year, it was purchased more than 1 million times on installment for the first time: “Be careful, you may incur many additional costs”
