Debt counseling in Frankfurt (Oder)

Frankfurt (Oder) is located in Brandenburg , near the Polish border and has about 60,000 inhabitants. However, parts of the population also have to deal with money worries or over-indebtedness. The city currently has a debtor ratio of 12.64 percent and thus occupies second place behind Brandenburg on the Havel in Brandenburg. As indebtedness grows, it becomes increasingly difficult to manage these debts independently. If you have problems paying for your debts, a debt counseling service can help and help those affected to settle their debts.

Debt counseling offices in Frankfurt (Oder)

debt counseling CONTACT DETAILS
Wichern Diakonie Frankfurt (Oder) eV – Debtor and insolvency counseling Steingasse 1a
15230 Frankfurt (Oder)
+49 335 5645-846
+49 335 5645-850


  Luisenstraße 21-24
15230 Frankfurt (Oder)
Tel .:
0335 55566


  Franz-Mehring-Straße 20
15230 Frankfurt (Oder)
Tel .:
0335 56 45 846
0335 56 45 850


Debt counseling in Frankfurt (Oder)
BV Hope eV
Dresdener Strasse 33
15232 Frankfurt (Oder)
0335 / 323969-22


Who offers a debt counseling service in Frankfurt (Oder)?

A debt counseling service can provide you with competent assistance if you have problems meeting the requirements of your creditors . If you have lost track of your debts or feel that everything is growing over your head, it is advisable to seek out a debt counseling service.

Also in Frankfurt (Oder) there are some debt counseling services that can help you here.

As a rule, these are honorary debt counseling centers , which are subsidized by the state.

Debt counseling is usually free of charge , provided that it is a state-financed or public debt counseling service.

What documents are needed and what should be considered?

In order to give the debt counselor an overview of your financial situation, you should bring along some documents for the first interview :

  1. Current proof of income
  2. Current account statement
  3. Debt documents (creditor letters, invoices)

As soon as the consultant has gained an overview , questions can be clarified and then a budget and debt analysis can be compiled. The next step is to draw up a debt repayment plan.

In addition, a debt counseling service can contact your creditors and seek to reach an agreement.

How to invest my money better

Fortunately for those who generate savings and want to make a profit, there is a huge variety of financial vehicles in which to channel it. Whether they are financial assets (deposits, fixed-income securities, shares, investment funds or pension plans, among others) or non-financial assets (real estate, gold, art, etc.), each investor can find solutions to their needs and expectations.

However, creating an appropriate investment portfolio is not a process in which shortcuts should be sought. Successful financial planning requires a thorough analysis to solve issues such as:

  • What will I save for?
  • What time horizon do I have?
  • What is the level of savings that should be achieved at the end of the process?
  • What level of risk am I willing to assume while it lasts?

Once these important points have been clarified, we can define and apply the right strategy to achieve the goals, that is, we will determine how to carry out the investment. To do this, you should follow certain tips:

Avoid investing in what is not understood

A basic principle of investment. If we can not understand the operation of a certain investment, it is not for us.

Begin in advance

Time is an ally of vital importance in investment processes. It offers us, on the one hand, the possibility of assuming certain risks when the expiration of our investment plan is far and, on the other, allows the effort to be more gradual.

It is important to keep in mind what is known as the “rule of 72”: it is a measure that indicates how many years are needed so that an investment with compound interest doubles its value. Simply split 72 between the interest rate. Thus, an investment with a compound interest of 6% will double its value in 12 years.


Another golden rule of investment that we can colloquially call “avoid putting all the eggs in the same basket”. In an investment process, concentrating it on one or a few assets is exponentially raising the risk that is assumed, while distributing it correctly among several will reduce the risk of loss.

Get to know all our funds and choose the one that best suits your needs: more information

Invest periodically

Let us suppose the case of a person who saves through an investment fund and whose objective is a specific year to invest € 6,000. What’s better, a punctual contribution for this amount or a monthly contribution of € 500 for each of the 12 months?

The answer is aligned with the previous question: in the investment process, it is also necessary to diversify the contributions, as it also reduces the risk. In this case, make the whole contribution at an unsuccessful purchase price.

Understand the profitability-risk binomial

It will always happen that aspiring to more profitability will imply assuming a higher level of risk. The relationship between these two variables will always be direct. Always set the risk you can assume and, with that, try to maximize profitability.

Attention with the leverage effect

There are investments that are known as “leverage.” In these, the amount effectively invested is reduced, but exposure to the underlying asset is much higher. This can cause a multiplier effect of losses. These investments are high risk and for a very specific type of investor.

Do not indebted

Debiting to invest may cause undesired effects if the investment result is not what is predicted. Always invest within the limits of your real capacity.