Bafin warns: Live credit without permission - this is how you protect your money!

Bafin warns: Live credit without permission - this is how you protect your money!

Esslingen am Neckar, Deutschland - The financial world is once again exposed to a shadow: The Federal Financial Service Supervision (BaFin) warned "Life Credit" to the provider on June 17, 2025. Incredible online loans are offered on the LebenKredit.eu website, whereby there is no valid permission under the Banking Act (KWG). This makes the entire business illegally and customers should be highest alert, since they could fall into a trap here.

As BaFin states in its communication, “Life” is not subject to supervision, which means that no imprint or information on the legal form can be found on the website. In addition, the given address in Ingolstadt does not exist. The shops are therefore unauthorized banking transactions that are not approved according to the KWG. Important for affected customers: Contracts with such providers are usually void, and the victims have the right to claim damages.

need for action for damaged

What should those affected do? Bafin has recommended some clear steps: First, all relevant documents, emails and proof of payment should be secured. It is also advisable to contact your own bank in order to undo any payments. An advertisement from the police may also be necessary to take legal action. In addition, contact with a specialized lawyer for banking and capital market law should be established.

The legal framework is clear: According to the Banking Act, banking transactions may only be operated if there is a permission to Bafin. The lack of this permit makes all business of such providers illegal. In order to check the seriousness of a lender, the BaFin company database is a useful tool before every loan.

unauthorized businesses and their consequences

BAFIN takes unauthorized business very seriously and acts actively against them. It has far -reaching investigations and can prohibit the operation in the event of violations found and order the processing. This supervision is not only limited to physical presence in Germany; Cross -border services are also affected. In the event of violations, BaFin will usually inform the public prosecutor, which can lead to criminal consequences. In such cases, ignorance does not protect against legal problems.

The criminal consequences are anchored in the Banking Act (KWG). Anyone who runs forbidden business without the necessary concession risks considerable punishments. These range from fines to prison terms of several years, as Section 54 KWG makes clear. Both providers and the people involved are affected by these regulations. The Bafin also has the option of carrying out investigations on site and improving funds to uncovering things.

in a world in which financial transactions are increasingly handled on the Internet, caution is required. Especially with offers that seem too good to be true. The warning of Bafin of “Life Credit” is a clear indication that consumers should be careful and have to be clear about the providers before they enter into financial obligations.

For further information and detailed details on the legal foundations and procedures for unauthorized transactions, a visit to the following pages offers: , bafin and Kanzlei .