Category: Loans

Finance Christmas gifts – what to look out for

Christmas is the festival of love; however, in this day and age, it is also the festival of gift giving. You want to give your loved ones extra nice gifts to please them. However, the cost of the wishes often exceeds one's budget, whether it is new toys for the children, jewelry for the loved one or a shared experience. Fortunately, there is the possibility to finance particularly expensive gifts through a loan. In which cases this is advisable and what you should consider, we show you in this article.

How expensive should Christmas gifts be at all?

Basically, of course, you can never find the right answer for this. Statistically speaking, every German spends around 280 euros on Christmas presents. According to Statista, in turn, it was still 338.90 euros per capita in 2011, whereas in 2019 we are already at 475 euros. Specifically

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What lies the collection agencies spread

Many people overestimate the activities and possibilities of collection agencies. It's not as often described on TV: a collection agency can't do more than the creditor themselves. Ø Reading time: approx. 5 min.

  • 1. Lie: if you do not pay, the debt collection will come
  • 2. Lie: they look around at your home, what they can get
  • 3. Lie: the bailiff comes and takes away your TV set
  • 4. Lie: Schufa entry: no more cell phone contract
  • 5. Lie: the credit for the property is in danger
  • 6. Lie: one is not promoted
  • 7. Lie: if you do not pay, you will go to jail
  • 8. Lie: if you don't pay, the employee will fare badly
  • 9. Lie: if you do not pay, you will get more calls
  • 10. the trick with the installment payment
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Collection agencies like to threaten with various phrases that sound insanely bad at first. But what is in each case to the threats? And under what conditions they can be made true?

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Tips and tricks for loans in the start-up phase

Starting up your own business is exciting – and stressful, because many founders are now learning first-hand how tough and malign bureaucracy can be. For the foundation, however, money is also needed, which is not always easy. But what options are actually available for funding the startup?

Bank loans play a rather minor role

Pure bank loans play only a secondary role for founders. There are certainly loans for further education or even start-up loans, but other sources are obviously more important. An overview:

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Tips, if the income is not sufficient for the loan

Finding ways when the income is not enough for the credit considered. The amount of the family income, as well as a – after deduction of the costs – as safe as possible remaining, high household budget increases the chances of getting a loan approved by a bank, savings bank or intermediary.

After all, nothing serves as collateral to the lender on an unsecured loan like monthly income.

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