Unfortunately, it is not uncommon today for individuals to accumulate a lot of debt and liabilities. Unfortunately, many people do not earn enough to pay the running costs on time, even though they work regularly. As a result, the unpaid bills accumulate. All too soon you lose track of the many bills that are still open. These pile up gradually and there are additional costs. Often it does not remain with the dunning fees, because far too fast turn the creditors a collection agency or even the court. The costs can more than double, making the settlement of outstanding claims even more impossible than before. Once you have recognized the problem, you can do something about it. More and more people use the possibility of debt restructuring.

What is a debt restructuring?

What is a debt restructuring?

A debt rescheduling is there to summarize all debts a consumer has. That is, the creditors who still receive money from the debtor are all lumped together. They contact them and discuss the seriousness of the situation. The total amount of debt is now determined. It also takes into account how much the debtor earns on a monthly basis. Because a rescheduling should then be able to be operated over the agreed time. For most debt restructuring companies, at least 200 euros must be paid monthly. Often, the client can also specify what he is willing to pay monthly, because there should be no new debt added.

What does a debt restructuring cost?

What does a debt restructuring cost?

A rescheduling is of course not free. In most cases, the client has to pay the agency at cost. Because it is already a lot of work that comes to an agency. Since you have already received a negative Schufa entry in most cases, it will be taken care of as well. So, once you’ve decided on a retraining and once you get it started, life goes back uphill. One pays monthly only a clear amount to the debt restructuring company and there are no additional costs. The overview is so much easier than before. It is worthwhile to seek advice in such a case.