Withdrawal of loans
Have you prepared the revocation of your loan because of the costs? If the law firm takes over the termination of the loan. In order to be able to pay for the revocation of the loan from the legal expenses insurance, the following conditions must be met: businesskolusev.com for a critique
Instead, you must first do something yourself and pronounce the revocation against the house bank. The house bank does not behave unlawfully until it rejects the application. You then have a claim and can bring yourself without worry to a lawyer. At the time of borrowing, the reinsurance must not exist. For this reason, some consumers initially take out a legal protection insurance, withhold the waiting period (in practice, three months) and only then contact the Bavarians.
In the case of a particularly high interest burden, the conclusion of such a hedge always pays off and every calendar month started in which one is inactive goes into the year. It must be made clear that if the above conditions are not met and the insurance company refuses to cover the costs, this does not in any way affect the effectiveness or invalidity of the cancellation policy.
We are happy to inform you about the assumption of costs by the lawyer’s office for free and completely free of charge. You will learn with which we have had good experience and which should be avoided – at least as regards the termination of loan agreements.
Incorrect entry of the effective interest rate allows termination of the loan
The hitherto largely ignored error of many banks opens the consumer the opportunity to terminate their contractual relationships. When determining the effective interest rate after 10 June 2010, almost all credit institutions did not follow the then current PAngV text, which states that the effective interest rate for the entire term (not for the lock-up period) and the interest rate for variable-rate loans for the period after 6 (4) and (5) of the PAngV, which implement Article 19 of the Consumer Credit Directive, was to be used at the time of conclusion of the commitment period.
In the corresponding version of the Annex to PAngV under II J., it states: “For contracts where the interest on borrowings is terminated before the specified repayment date and after the termination of which a new, variable borrowing rate is compatible, at regular intervals to an agreed time horizon or If the reference rate is adjusted, it is assumed that, after the expiry of the borrowing interest, the borrowing interest rate will be the same as the lending rate resulting from the value horizon of the agreed time horizon or reference rate at the time of calculation “.
According to this clear legal provision (Wimmer BKR 2011, 6, 9), from the end of the commitment period, the contractual interest rate for determining the effective interest rate is no longer the contractually agreed debt interest rate, but the interest rate used to conclude the variable loan contract. In addition, BayernLB should have provided the customer with a corrected copy of the contract stating the applicable effective interest rate pursuant to section 494 (7) sentence 1 of the Civil Code (old version).
According to 494 (7) sentence 2 BGB (old version), the opposition period “deviating from 495 BGB” begins in this case if the borrower has received this modified copy of the contract. Together with the previous judgments of the BGH on inadmissible set-off, the decision of 20.03.2018, the decision of 20.03.2018, the decision of 15.12.2017, the decision of 10.2017, the decision of 10.12.143 / 17 on the unauthorized waiver 193 BGB they provide starting points for loans that were not considered revocable.
We would be pleased to provide you with a free initial assessment of whether your loan is revocable or whether an already declared revocation has a chance of being properly paid.