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Deduct loan interest from tax

Deduct interest on a loan from tax. If a loan is taken out, the repayment is usually made in monthly installments. The installments consist of repayment and interest. Under certain conditions, you can claim the interest as advertising costs in your personal tax return. This will reduce your taxable income and lower the tax burden.Read more

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Take out loan for Student Loan repayment? It’s worth it!

“An investment in knowledge still pays the best interest”, Benjamin Franklin, the founding father of today’s USA, who died in 1790, already knew that. Students in Germany receive financial support from the Student Loan, which is only half repayable. Another up to 50% discount is available if the loan is redeemed early and completely. ManyRead more

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Good Credit has been offering a disposition loan

Since September 2016, Good Credit has been offering a disposition loan (short overdraft facility) for consumers in Germany and Austria. A credit line in itself is not new or unusual, so such a loan is usually offered to every checking account and by every bank. Good Credit, however, sets the bar high and promises theRead more