ABUSIVE INTERESTS IN REVOLVING CREDIT CARDS |

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abusive revolving cards

Valuing there are abusive interests in a revolving credit card involves conducting an analysis of the consumer credit market at the time of hiring.

WHEN ARE THE INTERESTS OF REVOLVING CREDIT CARDS ABUSIVE?

To understand what has been said previously, we must know that the Court
Supreme Court issued a ruling on the nullity of interests
of credit cards
in the year 2015.

The
This case dealt with a consumer who in 2002 hired a
revolving card. The financial institution fixed some interests
of 24.60%, the consumer asked for the nullity of the
same by users. The client had been paying for years
the debt he had and had barely reduced it-

For
decide if it was about abusive interests the Supreme Court
compared at what price (interest rate) the credits were sold
to consumption at the time of formalizing the revolving card.

The
did to have an orientation on what would have been about
reasonable interests against markedly superior to
the normal ones

Appeal
to the comparison is a consequence of the Law of Repression of the
Usura, a law promulgated in Spain in 1908 and that tries to avoid
the usurious loans so common at the beginning of the century.

Without
However, it has been necessary to rescue her to stop the cards and
revolving credits
, widely used by families during the
crisis to be able to get ahead.

NULLITY
OF THE INTERESTS OF REVOLVING CREDIT CARDS

Are
many courts that after the aforementioned judgment have begun to
declare the nullity
of the remunerative interests of revolving cards by
usury
.

Get
the nullity has an important effect that can benefit
the users of these revolving credits.

The
effect of the nullity is that they will only have to return the entity
financial card issuer the money they had available
effective way, eliminating any kind of interest, so it is
It is possible that the client not only eliminates the debt he has but also
You can recover part of the money you have paid to the station of the
revolving credit.

ABUSIVE INTERESTS AND MONITORIAL JUDGMENT

The
ideal is not to wait for them to put a trial monitorio
revolving credit cards
to fight against
Abusive interests on your revolving credit card. Is better
start the judicial procedure yourself because that way
You can even ask that the card stop generating interest
remunerative

By
On the other hand, you can also request the nullity of other clauses
abusive of your contract, such as the provision of
cash, the commission for claiming debit positions, the
of interest on arrears, and many others that tend to be
credit card contracts.

Undoubtedly, the best choice you can make when dealing with this issue is to have the help of a lawyer expert in judgments by credit card revolving, who will guide you to get the nullity of your card.


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