Bank customers speak of a rescheduling with private credit if their credit report contains a negative feature. Literally, the term applies to any debt rescheduling that has been entered into through a domestic credit institution, as such is always linked to a solvency request for credit protection. The negative private credit entry makes debt rescheduling difficult, but…
Month: February 2019
Debt consolidation: what do private individuals need to pay attention to?
The debt restructuring changes existing obligations without reducing the amount of debt. This is done to protect private individuals from insolvency or over-indebtedness. To achieve this, interest rates are usually reduced. However, if you want to conclude a debt repayment loan, you should be on the lookout for a lot, because there are often hidden…