The instalment that really holds.
Creditors accept offers that are sustainable – not the highest ones. The calculator finds the instalment that arrives even in a bad month, and writes the offer to go with it.
Frequently asked questions
Does a creditor have to accept instalments?
No. A claim is due in one go; instalments are a concession. In practice creditors and debt collectors almost always accept realistic offers – otherwise they get nothing at all or have to enforce expensively. What matters is that the instalment is sustainable and arrives on time.
How high should the instalment be?
High enough that it arrives safely even in a bad month – not as high as it feels in the best month. Rule of thumb from debt counselling: at most half of the amount left after all fixed costs. A bounced instalment costs more trust than a small instalment over a longer period.
What about interest and debt collection costs?
In the offer, expressly ask for a waiver of further default interest and costs from the start of the instalments. Many creditors agree because the certainty of payment is worth more. Recalculate the debt collection costs accrued so far with the debt collection cost checker beforehand – excessive items do not belong in the instalment plan.
Does an instalment plan prevent the SCHUFA entry?
Not automatically, but often: as long as an instalment agreement exists and is kept, the claim is usually no longer considered due within the meaning of Section 31(2) BDSG – a report could be challenged. That is why the letter asks for confirmation that no report is made during the instalments. Get that in writing.
Is an instalment agreement an acknowledgement of debt?
It can be treated as one – and restarts the limitation period (Section 212 BGB). So check BEFORE the offer whether the claim may already be time-barred or justified at all. An instalment plan is the right step for a justified, non-time-barred claim – not for a doubtful one.