FINANCIAL GUIDE

How can I improve my credit rating?

If you want to improve your credit rating shortly before taking out a planned loan, you should first get a self-report. Check the data contained therein for correctness. When your data are sa...
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What is the process for a court collection procedure?

If the creditor's out-of-court requests for payment do not lead to any results, the creditor can choose to have his/her overdue claim enforced in court. In this case, the creditor can choose ...
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Default summons: Costs and financial rules in the dunning procedure

If a customer does not pay an outstanding account, companies initially try to collect the account by sending out reminders, or calling in the services of a collection agency. If, however, all...
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What is the sequence of a legal dunning procedure?

A legal dunning procedure cannot be requested for every case. Only claims directed at the payment of a certain amount of money in domestic currency can be prosecuted. These include liabilitie...
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How do people end up in debt collection proceedings?

An outstanding account receivable of a creditor towards a debtor forms the starting point for debt collection proceedings. In most cases, these are payment claims under a contract concluded b...
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How are collection costs calculated?

Within the topic of debt collection,  the question of how companies calculate the costs connected with the collection procedure are calculated (colloquially - and incorrectly - also referred ...
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Collection without dunning - how is that possible?

Consumers might be surprised to receive a letter from a debt collection service provider without having first received a reminder from the original business partner. Many customers wonder: Co...
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Debt collection fraud - the difference between reputable and disreputable debt collection agencies

You have just opened a debt collection letter and doubts are setting in: Is the claim justified? Can I trust the sender? Here, you will learn how to identify a reputable debt collection agenc...
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What to do in the case of a collection letter?

If a creditor has lawfully sent a reminder to the customer regarding the outstanding account, he/she can sell the account to a factoring company or remain the owner of the account and commiss...
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Collection fees (correctly: collection costs) - Everything you need to know about collection costs

You often hear and read a lot of viewpoints and bad advice regarding collection costs. This is one of the reasons why collection companies suffer from quite a bad reputation. However, upon cl...
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