The great credit comparison for Austria with lots of information.

Direct Debit (LSV)

Direct Debit (LSV)

The direct debit procedure (LSV) is a written authorization to the creditor that he may collect the debt from the debtor’s account. The amount of money owed is deducted from the debtor’s account and credited to the creditor’s account. The bank holding the account does not necessarily have to be informed of this; it is an agreement between the creditor and the debtor. This method of payment is particularly.

Credit-worthiness

Creditworthiness is closely related to creditworthiness. Creditworthiness is a key feature when granting a loan. The creditworthiness is calculated on the basis of various signals (income,) and ultimately contributes to the decision as to whether or not someone receives a loan.

Credit Protection Association KSV 1870

Credit Protection Association KSV 1870

The Credit Protection Association KSV 1870 is an organization that collects information about the credit history of people and companies. The KSV makes this information available to other companies and banks. The aim is to avoid default and / or credit default from the outset. The scoring model is used here.

Credit payment protection insurance

Credit payment protection insurance

A credit residual debt insurance is a guarantee that the remaining credit claim, even in the event of a special event such as an accident, death, is paid by the insurance benefit. Which insurance benefits are included in credit residual debt insurance depends on the type of insurance and what you would like to have with you. As a rule, almost every insurance policy includes credit residual debt insurance or a similar.

Loan term

Loan term

The loan term is the time between the granting of a loan and the full payment or repayment of the loan.

Credit card

Credit card

The credit card is a plastic card from a credit card company with which you can buy goods and services without cash. To make the purchase you need to show your credit card and pay with your “good” signature and proof of the card. After that, the credit card holder is sent, mostly on a monthly basis, bills which.

credit history

credit history

On the one hand, credit history means the historical development of a loan, on the other hand, it is also a list or listing of the previous use of a loan and what the borrower’s previous payment behavior was.

Credit

credit

The loan is the transfer of an amount of money from the lender to the borrower under a fixed amount or up to a maximum amount of money. The loan is concluded for a certain period of time and on certain terms. These agreed conditions can be found in the loan application or loan contract.

Overdraft

Overdraft

The overdraft is an agreement between the bank and the customer. By overdrawing the bank, the bank allows the customer to overdraw his account. For the overdraft of the account, the account holder undertakes to pay a certain interest rate (debit interest). The overdraft is a type of credit, with no credit fee (0.8%). Typically, the overdraft occurs with a checking account.

Account balance

Account balance

The account balance is the amount that is in the account. It therefore corresponds to the amount currently available (a possible frame is not taken into account here!). The account balance is therefore the delta (difference) from the incoming or outgoing payments. There are 3 different types of balances (majority of balances): debit balance credit balance current balance

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