Category: Mortgage

Let's start here in Germany: Deutsche Leasing AG (DL) – the undisputed market leader in the manufacturer-independent leasing business – wants to further expand its market position in factoring. The strategy is called acquisition – namely of the Bremen-based Deutsche Factoring Bank. This was announced by the company in a press release.

(Some) market participants

Just three years ago, in June 2012, Deutsche Leasing AG swallowed WestLB's factoring business, Universal Factoring (UFG). An obvious business, after all, just like DL, UFG was aimed primarily at savings bank customers. In addition, leasing customers are also potential factoring customers – a promising synergy that seems to have paid off and even allows for further growth opportunities.

Chase is a solid financial institution – and beyond their portfolio of banking products, they excel at offering a collection of rewards-earning credit cards that rival the competition.

But when it comes to banking, you could probably open a checking account at any bank in your area. However, you should consider Chase because a relationship with Chase can be beneficial in the long run.

President Biden's plan to spend up to 20.Cancelling thousands of dollars in student loans will impact people in different ways, but for some it will have no impact at all.

Whether you're pursuing a career in accounting, management, finance, economics, or other similar fields, understanding the basics of accounting can be an important building block for success. Here are five basic concepts covered in most introductory courses that will help you understand basic accounting concepts.

While you get a contract for a classic loan at the bank or at an online lender, a monetary loan among friends or in the family usually goes without a written document. But this is precisely the problem that you might overlook with a relative loan. Even if you get the loan interest-free and repay only the amount received, you should create a written contract signed by both parties.

If you are older than 59, 5 years of age, or you are after the age of 55. If you have separated from your employer by the time you reach the age of 50, you can pay your 401 (k) for something you like. If you are younger, you can still withdraw money from your 401(k) to pay college loans, but the IRS imposes a 10% penalty on the amount of your withdrawal in addition to any income tax due. However, there are some ways you can use your retirement savings to pay for your education without paying this penalty.

…Many of you have surely heard this good advice before. But that is easier said than done at the moment. The traditional savings deposits favored by our grandparents and parents are hardly yielding any returns any more. At the same time, inflation is causing our deposits to lose value. The good news: With the right investments, saving is still worthwhile! But what is the real reason why interest rates have been in the cellar for years?? And what other options do savers have to get more out of their money?? We explain:

Who actually sets the interest rates?

In Europe, the European Central Bank (ECB), based in Frankfurt a.M. responsible for this. Its task is to safeguard the purchasing power of the euro and price stability in the euro area. It prevents the value of money from being subject to major fluctuations. The euro area comprises all EU countries that have adopted the euro as their currency. The European Central Bank controls monetary policy primarily by setting the level of the key interest rate. This is the interest rate at which banks in the euro area can borrow money from the European Central Bank. This key interest rate is currently 0.0%. The deposit rate is currently even in negative territory at -0.4%. Banks therefore pay a kind of "penalty interest" for being allowed to deposit their money with the ECB in the short term.

Since Schufa is the benchmark for consumers when it comes to creditworthiness, you should regularly get an overview of your data. This is the only way you can have unjustified Schufa entries deleted and your credit rating restored.

In our guide, everything revolves around the topic of credit despite probationary period. You will learn what you should pay attention to if you want to take out a loan within the probationary period and which provider is the best. With the help of this information you can realize your credit wish and avoid expensive mistakes.

1. Things to know about credit despite probationary period

Many people need a loan when starting a new phase of life. This is the case, for example, when you start a new job or change your employer. This situation is often associated with a move to another city or a new car is needed to be able to manage the way to work. So there are many reasons why employees who change employers or start a new job need a loan.

A decision of the ECJ of 26. March 2020 (Az. C-66/19) revives the debate on the effectiveness of revocation notices in loan agreements. In dispute is the so-called cascade reference to § 492 para. 2 BGB.