A current account credit is the possibility to overdraft a current account for a limited period by a predetermined amount. It is granted to the owner by the bank and serves to bridge short-term bottlenecks in solvency. Therefore, it is also a way to finance a purchase quickly and ( more… )
When rescheduling, the obligations are changed, but not the amount owed. To repay loans, the borrower can choose other forms of credit and / or change the lender. The need to reschedule existing debt can arise for a number of reasons: particularly low market interest rates are used or excessive ( more… )
The residual debt insurance is an insurance that is also referred to as residual credit insurance or credit life insurance and is referred to as RSV for short. The purpose of residual debt insurance is to protect the borrower or sometimes his or her surviving dependents from the consequences of ( more… )