Financial Guide | Riverty

How to improve my credit score

Finance Guide Back in Flow

Editorial Team Germany | Sep 22, 2023 6 min

How can I improve my credit score?

Basically, the credit score assesses someone's creditworthiness and solvency. The credit score provides information about past payment behaviour so that conclusions can be drawn from it for future payment obligations. A good credit score is, for example, crucial for the approval of a loan. If you have a bad credit rating due to accumulated debts, you can improve your credit score again if you pay attention to just a few small things. It is never too late to do something.

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Widerspruch

Finance Guide Back in Flow

Editorial Team Germany | Aug 7, 2023 2 min

Attachment protection

A large part of the debtor's assets can be seized in enforcement - but there are also exceptions. In this article, we explain exactly what these are and what needs to be taken into account.

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Widerspruch

Finance Guide Back in Flow

Editorial Team Germany | Jul 24, 2023 3 min

What types of attachment are there?

There are various ways to seize assets. Attachment measures can generally be divided into the two forms "attachment of claims" and "attachment of assets".

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Widerspruch

Finance Guide Back in Flow

Editorial Team Germany | Jun 21, 2023 3 min

What is an attachment?

If consumers do not meet their payment obligations, the creditor can make use of various legal possibilities to achieve a settlement of the arrears. One of these is the attachment. However, this is only permissible if certain legal requirements are met. We will explain to you under which conditions an attachment is possible, what types of attachment there are and what rights and obligations you have in such a case.

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How to improve my credit score

Finance Guide Back in Flow

Editorial Team Germany | Sep 22, 2023 6 min

How can I improve my credit score?

Basically, the credit score assesses someone's creditworthiness and solvency. The credit score provides information about past payment behaviour so that conclusions can be drawn from it for future payment obligations. A good credit score is, for example, crucial for the approval of a loan. If you have a bad credit rating due to accumulated debts, you can improve your credit score again if you pay attention to just a few small things. It is never too late to do something.

READ MORE

Widerspruch

Finance Guide Back in Flow

Editorial Team Germany | Aug 7, 2023 2 min

Attachment protection

A large part of the debtor's assets can be seized in enforcement - but there are also exceptions. In this article, we explain exactly what these are and what needs to be taken into account.

READ MORE

Widerspruch

Finance Guide Back in Flow

Editorial Team Germany | Jul 24, 2023 3 min

What types of attachment are there?

There are various ways to seize assets. Attachment measures can generally be divided into the two forms "attachment of claims" and "attachment of assets".

READ MORE

Widerspruch

Finance Guide Back in Flow

Editorial Team Germany | Jun 21, 2023 3 min

What is an attachment?

If consumers do not meet their payment obligations, the creditor can make use of various legal possibilities to achieve a settlement of the arrears. One of these is the attachment. However, this is only permissible if certain legal requirements are met. We will explain to you under which conditions an attachment is possible, what types of attachment there are and what rights and obligations you have in such a case.

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Widerspruch

Editorial Team Germany | May 1, 2023 3 min

What is an enforcement?

The word scares many people. But what does enforcement actually mean? Enforcement refers to the state procedure by which a creditor can forcibly enforce his civil law claim against a debtor. This situation may arise if a consumer has not fulfilled a payment obligation even after receiving a reminder and the creditor or a representative appointed by him obtains an enforceable title from the court. Then the creditor has various state resources at his disposal to compulsorily enforce the claim.

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Widerspruch

Editorial Team Germany | Feb 8, 2023 4 min

Objection to the default summons – what does that mean?

In case you receive a default summons, you have 3 possibilities: you pay, you don’t react, or you lodge an objection. If the default summons is justified, it would be easiest to pay everything directly. Some don't react at all – probably because, at the time, they do not see any other solution. Or they might simply lack the financial resources. However, if the default summons is not justified and this can be proven, an objection can be filed against the default summons.

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Default summons

Editorial Team Germany | Jan 19, 2023 6 min

The default summons or payment order

A default summons often triggers insecurity, fear or even shame on the recipient's side. If you have received a default summons, it is best to contact the claimant, the authorised debt collection agency or the authorised lawyer directly. Even if you think the claim is not justified, you need to act quickly to resolve the matter. "Sitting it out" or ignoring it will not help you in this situation. Here you can find out what a default summons means and what you need to pay attention to if you have received one.

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What does a debt collection procedure cost?

Editorial Team Germany | Dec 22, 2022 5 min

What does a debt collection procedure cost?

Various costs may arise in the course of debt collection proceedings. First of all, there are the actual collection costs. These are the costs incurred for the activities of the collection agency. In addition, there are also so-called third-party costs. These are costs that have to be paid to other parties involved in connection with the collection procedure. These include, for example, the costs of address investigations or chargebacks, for a bailiff or a court.

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Do you know what attachment allowance is?

Editorial Team Germany | Nov 15, 2022 3 min

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.

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