What is a self-disclosure?"For the conclusion of the contract, we need a current self-disclosure from you" - it is often in a sentence like this that you hear the term self-disclosure for the first time. It usually means a credit report that helps the potential contract partner to get an overview of your financial and economic situation. Self-disclosure in the sense of data protection law, however, means data disclosure in accordance with Article 15 of the EU General Data Protection Regulation - GDPR for short. Unlike the self-disclosure that can be obtained from credit agencies, the data disclosure pursuant to the GDPR provides an overview of all personal data that is processed about you by the body responsible according to data protection law.
What is a credit report?Whether it is opening an account, applying for a loan, looking for a flat or leasing a car: There are many cases in which a self-disclosure is required. This self-disclosure is an assessment of your creditworthiness. This assessment is made by credit agencies and is actually called a credit report.
Why are there collection fees/ collection costs?Collection costs or collection fees - what is the correct term? The law and case law use the terms collection costs or collection remuneration. When it comes to the topic of collection fees, it's easy to get bad advice. This is one of the reasons why debt collection agencies suffer from a rather bad reputation. But a closer look shows that the collection remuneration is a completely justified cost.