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Legitimate judgment in car foreign currency loan case

Half a year ago, the verdict on a foreign currency creditor of a car, who had been sued by his bank, was only first degree. The verdict is now final and the court gave the truth to the foreign currency creditor represented by law firm, the contract was declared null and void.

What was the final judgment?

What was the final judgment?

This week, a car loan foreign currency loan represented by law firm, a well-known and now final judgment in the case of a foreign currency loan, was made in the Metropolitan Court. On the basis of the judgment, the loan agreement previously concluded between the parties is null and void.

Reason for nullity

The contract is invalid due to the use of the exchange rate gap between the foreign exchange rate used by the bank and the bank, as it was not included in the contract as a cost to the consumer. A financial institution would have been required by law to indicate the costs associated with the contract and their annual percentage rate. Failure to do so will result in the contract being null and void.

Based on these, are all similar contracts void?

Based on these, are all similar contracts void?

The question arises that if such a judgment was made in this case, then why is this not the case with each foreign currency creditor contract? After all, the law is binding on everyone. In spite of the law, why can’t we announce that every debtor can go out of court? The reason is:

Many rules have to be taken into account in litigation. It is important for the parties to ask what they say and what they can prove. In the event of nullity, the court has more options to remedy the situation. The decision is made by the courts independently, they are not bound to a decision made in other cases, nor to judgments that are favorable or detrimental to the debtor. In all cases, the judge in charge must consider the arguments, arguments, facts and evidence in the proceedings. In a litigation procedure, it is usually not easy to make a decision, requiring serious legal expertise from both the litigants and the court.

What will the Mansion soon decide?

Today, we can read some news about foreign currency loans almost daily. The latest news reports included the Court’s decision in December to establish a legal unity to provide guidance on foreign currency lending matters.

What is a Unity Decision?

What is a Unity Decision?

In all cases, the courts make their own decisions and are not bound by judgments given by other courts in similar cases. However, there is an exception, and that is the decision on legal unity. The unity decision can always only be made by the Supreme Judicial Forum and in cases where the judgments so far formed are not unified in the case of a case type or a matter of principle. So in cases where contradictory judgments are made on the same issue. This can be clearly stated in matters concerning foreign currency loans.

What is the Unity Decision Good for?

If there is a unanimous decision on a matter of principle, then the courts are already bound. In other words, it is then up to them to decide whether they comply with the principles laid down in the Unity Decision. The case law of the courts can thus be made uniform.

 

How to get a 1000 euro loan? What institutions?

Obtaining a 1000 euro loan is a very simple financial transaction today, which can also be performed directly online or through a dedicated credit line.
In reality, although requesting and obtaining financing is very complex, see how to get 50,000 euros, asking for a loan of 1000 euros is very common, and also relatively fast.
To obtain a loan of 1000 euros, there are different ways, depending on your economic and income situation. In fact, as we will see shortly, it is possible to obtain a 1000 euro loan with revolving cards, with a finalized loan, with a personal loan, with a loan repurchased and possibly with a salary transfer.
It seems absurd to say, but one of the biggest problems in applying for a loan of 1000 euros is precisely the amount that is too low, not very fruitful for credit institutions.

In this article we talk about

  • 1 Ways to get a 1000 euro loan quickly
  • 2 The cheapest 1000 euro loan
  • 3 Get a 1000 euro loan without a paycheck

The ways to get a 1000 euro loan quickly

The ways to get a 1000 euro loan quickly

There are several ways to apply for a loan of 1000 euros quickly, the most common are the loans obtained through revolving cards and finalized loans.
The revolving cards are credit cards that act as a credit line to always have with you, so this is not a real 1000 euro loan. In fact, once the initial contract has been signed, it is possible to pay for its goods with the credit card, until the available credit is used up, which will then be repaid the following month or in installments. In short, even if it is not a real 1000 euro loan, it is a practical, fast and efficient solution, even if it is considerably more expensive.
The prestigious finalized by 1000 euros is a solution that has been back in the limelight for some years. This is a particular loan that is paid in the store where the purchase is made. In reality, it is improper to talk about a loan of 1000 euros when it comes to targeted loans, as the amount will only correspond to the cost of the good or service purchased. However, even in this case, they are very fast financially.

The cheapest 1000 euro loan

The cheapest 1000 euro loan

When instead the desire to choose a convenient 1000 euro loan is replaced by practicality, nothing beats the classic personal loan. Getting a 1000 euro loan through personal financing is very simple, there are so many offers and maybe the only real problem is the really low amount. To compare the different offers and the various estimates, we recommend comparing half-time TANs and APRs.
Another way to request and obtain a 1000 euro loan is undoubtedly the sale of the fifth, a form of financing that is also extremely cheap, in which the installments are paid through a portion of one’s salary which, as the name implies, cannot exceed one quinto.

Get a 1000 euro loan without a paycheck

Generally, in order to obtain a loan without a payslip, loans are used either for loans or by proxy loans, however, the low amount pushes many institutions to offer the 1000 euro loan without too many problems.
It is clear that protesters, foreclosures and bad payers will have greater difficulty in accessing a loan of 1000 euros, however, with patience, calm and constancy even these categories will be able to find an institution available to grant credit.

In general, we conclude the posts by reporting some offers, however, there are dozens of comparators on the web that will signal many institutions willing to offer a loan of 1000 euros, so all that remains is to start looking.

Loan for home renovation

Owners of own real estate

Owners of own real estate

Are well aware that from time to time some renovation or repair should be carried out at home. Sometimes it’s about cosmetic treatments like painting, but sometimes we have to do a total “demolition”. Every renovation, regardless of the scope, requires some expenses from us. If we are prepared for such an expense – no problem, we can use the collected financial resources and carry out the renovation. But what if the bank account is empty and the renovation needs to be done? Of course, the easiest way is to go to the bank and borrow money for renovation.

In banks, we do not see a loan that is offered only for the renovation of real estate. We must therefore take advantage of the offer that will allow us to borrow money, which we will later use for our purpose. And here we have several options. Their choice should depend on the amount we need, as well as on the “speed” with which we need cash.

If our renovation comes down only to refreshing walls or other minor repairs, we can use eg the limit on the invoice. It is a loan for which you do not need many formalities, and the money we will have at our disposal often after one visit to the bank (or even without leaving home using online banking). Usually banks will not require us to get income certificates, because they can check everything by browsing our account. It is not a road loan, so it may be perfect for us.

In the case of a slightly larger renovation,

In the case of a slightly larger renovation,

We should apply for a cash loan. Its biggest advantage will be that the bank will not interfere with what we spend money, the process associated with obtaining it is not too complicated, and the repayment can be spread even for several years. Banks are increasingly moving away from such collateral loans, so we do not have to look for a surety. However, we must realize that it is a relatively expensive loan, so the costs associated with it can significantly increase the cost of renovation.

If a lot of work and expenses await us in our property, we can look for money for refurbishment by applying for a mortgage loan. Also in this case, the banks will not interfere with what we spend the money borrowed, but we must prepare for a bit more formalities. First of all, such a loan for renovation is secured by a mortgage. So we have to prepare a quote for it to let the bank know what the value of the collateral is. In addition, the establishment of a mortgage is also a certain cost, and all formalities last a dozen or so days. In addition, throughout the loan period, we must have an insurance policy and make an assignment to the lender. Because large amounts are involved here, we must document our income well, and the bank will surely “scanned” our credit history. However, in return we will receive one of the cheapest loans on the market, with the possibility of spreading the repayment even for a dozen or so years. Thanks to this, our monthly installment will not be too burdensome for our home budget.

Loans or loans for renovation can help us do many jobs.

Loans or loans for renovation can help us do many jobs.

So if we are wondering if we need to renovate our house or apartment, do not hesitate to take advantage of the banks’ offers to enjoy the renovated kitchen, living room or bathroom.

How to Pay Your Credit Card Debt?

debt free

The bank gave you a credit card and the first thing you do is go out to spend. You take advantage of giving yourself some tastes and you reach the limit. It is there when you encounter the dilemma. Now how do I pay the debt on the credit card ? Pay attention to the advice in this article.

 

How does a credit card work?

credit cards

A credit card is an instrument granted by the bank with a specific money available, previously studied by the entity, which you can use and then you must pay with interest within a certain period.

Most Mexicans use the credit card as a means of payment for common expenses. For example: to pay another card or as an extension of the salary. This behavior can generate an accumulation of debts, which later become a headache.

Why is this way of proceeding with the credit card negative? Because under no circumstances the credit card is an additional income. So, if you use it excessively, you will end up with many debts and serious financial problems .

 

What happens if you go over your credit limit?

credit limit?

It is very easy that sometimes we go hand in hand when we use the credit card and exceed the limit set by the bank. The consequences of a scenario like this will depend on the policies of each financial entity.

Generally, in case the client exceeds the credit limit, the bank could suspend the instrument, block the expenses of the last purchases, agree on an extension or agree on a depreciation of the exceeded amount.

Therefore, it is important that you read the conditions of use of the financial product very well, and at least be aware of the implications.

Either way, if you exceeded the limit and do not know what to do to pay your credit card , the important thing is that you act fast. Check with the bank about the possibility of extending the limit or paying off the excess at the end of the month.

 

What happens if you don’t pay your credit card on time?

What happens if you don

Didn’t you manage to cover the credit card debt on time? You should know that paying for CT with delays has negative consequences for you.

On the one hand, you must assume the collection of interest for late payment. Banks usually give customers a small grace period to pay the monthly fee. However, with what they do not make concessions, it is with interest rates .

On the other hand, there is the fact that the delays with the payments of your credit cards add bad reputation to your credit history . This aspect would be super negative, for example, in case you want or need to apply for a new loan.

When a cardholder is frequently behind in credit card payments, he is immediately reported to the Credit Bureau as a delinquent customer. When this happens, banks refuse to grant you new financial instruments.

 

Tips to avoid credit card debt

Avoid financing your purchases for more than 30 days with the credit card. If you still want to do it, first find out the Annual Equivalent Rate (APR) that they offer you and compare it with the other options available (personal credit and other types of loans).

What is the APR for? This index will help you to know the true cost of the credit or loan, compare the different financial products and choose the most convenient for you.

If you are already in debt, find out how much is the interest rate you are paying and look for a loan where you pay less interest. For example, using the Bankers family service to pay off credit card debt is a good option.

conclusion

Tips to avoid credit card debt

The idea of ​​having a credit card is not bad, even the fact of using it to pay your expenses does not have to represent something negative, on the contrary.

This valuable financial instrument , not only serves to finance your purchases, it is also an excellent means to show banks that you are a fulfilled customer and that it is worth granting you other loans.

The important thing with these instruments is that you know in depth the conditions of use, interest rates and other costs. With these aspects clear, CT scans should not represent a headache.

You do not have to stop using your credit card if you use it wisely and make the best decisions when making your consumption.

In case you have a pending debt and do not have a defined plan to pay your credit card, you can consider the Bankers family service. We offer you the option to defer the balance of your TC so you can settle it as it suits you.

Bankers family absorbs your credit card debts and allows you to maintain a good credit history by not being late with payments.

In addition, with Bankers family you will have the best-personalized attention from professionals who will clear your doubts and help you choose a plan adapted to your financial profile. This way you can finance yourself in the most comfortable and efficient way.