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    Taking out residual debt insurance – is it worth it?

    The residual debt insurance is an insurance that is also referred to as residual credit insurance or credit life insurance and is referred to as RSV for short. The purpose of residual debt insurance is to protect the borrower or sometimes his or her surviving dependents from the consequences of borrowing. The protection within the residual debt insurance is variably compatible. This means that a residual debt insurance against death, but also against illness or unemployment can be taken out. In relation to the lender, the residual debt insurance is very good protection in the form of additional credit security. For this reason, residual debt insurance is often ceded to…

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    More expensive credit card purchases abroad

    I was surprised (and scared) by the news that the government increased the IOF for credit card purchases abroad. And for those who think the increase was small, it is better to hold on to the chair: it went from 2.38% to 6.38%. To get an idea of ​​the impact of this increase, if your card bill closed with the dollar at $ 1.70, after the IOF (Financial Transactions Tax) would be $ 1.81 . The purpose of this article is to briefly explain what the IOF is, why the government has raised it to this level, and to discuss alternatives for making purchases abroad, taking into account the current…