We once again raise the issue of over-indebtedness of individuals: why it is important for Bulgaria and why has it remained unresolved for so long? What is the experience of other Euro...
More and more Bulgarians live with the feeling that their debts are like an anchor pulling them to the bottom. Banks tend to let debtors float to the surface on their own, financial literacy remains c...
Bulgaria is one of the few European countries that do not have effective legislation regulating so-called “personal bankruptcy”, as well as a mechanism for restructuring the obligations of people who ...
Latest news for EU consumers regarding over-indebtedness and personal credit.
For the very first time in the history of the European Union, the new credit Directive mandates the provision of free debt advice services in every European member state. Article 36 (1) clearly states...
As we step into after summer period of 2023, we made an analysis on 4 drivers for individual in Bulgaria with fresh data for a better understanding:
Get out of debt
For Android:
We’re always looking for tweaks to make in our budget to save extra money. You know—the kind that are actually easy to do and actually work. One of the easiest ways to save money is right there in you...
Follow the link in order to access Temida Budget
If you want to get out of debt, you need to budget. If you want to save money for something [retirement, down payment on a house, vacation, etc.], you need to budget. ...
Good debt is defined by three factors:
Do not take a loan with too long a repayment period Indeed, this way you can significantly reduce the amount of monthly installments, but it com...
Resolving financial problems tends to involve small steps that reap rewards over time. In the current economic climate, it’s unlikely your financial difficulties will disappear overnight. But that doe...
Several million people – up to 10% of the population – are reluctant to admit that they are having debt problems. As a result, we must call on friends and family members...
Make a budget “The first step to regaining control of your finances and paying off your debts is to make a good budget.” Why? Because by putting...
If you feel you will have problems repaying your loan, do not bury one’s head in the sand, start to renegotiate and we can help you.
Two discussions give parents the cold sweats. Telling your kids where babies come from, and telling your kids where debt comes from. Children will learn a lot about money from simply observing their p...
The financial institutions have different steps once you get in delay but very often they are open to negotiating and finding a solution.
There are a few laws that guide your rights in the credit world. If you’re not in the legal profession, you probably won’t read the text of each of these laws. You should, at a minimum, be familiar wi...
There are a few laws that guide your rights in the credit world. If you’re not in the legal profession, you probably won’t read the text of each of these laws. You should, at a minimum, be familiar wi...
Consumer protection association
Contents
The award was presented by the CEO of Nova Broadcasting Group, Stefana Zdravkova. The main goal of the competition is the promotion of successful projects developed in Bulgaria in the past year. Leadi...
The European Consumer Debt Network (ECDN), under the supervision of the European Innovation Council and SMEs Executive Agency (EISMEA), started a project, regarding the preparation of the implementati...