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Month: February 2020

What are the criteria for comparing the cost of credit?

What are the criteria for comparing the cost of credit?

The total costs of individual loan offers can be found thanks to the mandatory APRC indicator provided by banks. It is important to always consider liabilities with the same number of installments and the same amount when combining different APRCs with different loans.   Comparing different loan offers solely taking into account their interest rate is not correct and does not give a full picture of their attractiveness. So what criteria should be taken into account not only to compare…

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Call for payment – The creditor has the right to urge the debtor to settle the debt

Call for payment – The creditor has the right to urge the debtor to settle the debt

Late repayment is a big problem that can disturb your liquidity. Entrepreneurs are mainly dealing with dishonest contractors, however, such situations can also affect private individuals. Before the debt recovery case goes to court, you can take advantage of the option of soft debt recovery and send a request for payment to the debtor. How to do it The creditor has the right to urge the debtor to settle the debt Without the participation of a court or debt collection…

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