What is a debt acknowledgment?

An official acknowledgment of debt is concluded by means of a contract between the debtor and the creditor. At the same time, it describes the debtor’s obligation to pay a sum x to date x to the creditor. Also a installment payment agreement can amount to a debt acknowledgment, if this is linked by one. …

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What credit costs you can deduct from the tax

Under certain conditions, loan interest can be deducted for tax purposes. Once you use the borrowed money to secure your own income, you can credit your borrowing costs. Such expenses are part of the business expenses that reduce your tax burden. Basically, this applies just for loans around the topic of employment, training or real …

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What is a Swiss loan?

Swiss loans are loans granted under Swiss law. Of course, the prerequisite is that the lending institution is also located in Switzerland. Then various advantages become visible, which can be interesting for many Germans. Thus, the credit from Switzerland is given regardless of the credit bureau, or the data is not stored in this. Therefore, …

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No collateral, no loan

  In addition to the credit bureau score, there are other factors that determine whether you get a loan or not. Banks need credit collateral so that they can hedge against defaults. What collateral exactly exists and which types of credit you can use as collateral is shown in this article. Collateral is required You …

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What is a trade credit?

A trade credit is also referred to as trade credit or supplier credit. Especially in the mail order business, the trade credit offers advantages for both parties (buyers and sellers). With a correspondingly positive credit rating, customers in a mail order company have the opportunity to order the goods and pay for them later. How …

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