Claim Revolving Card

Claim revolving card. Claim and get YOUR MONEY back .

September 30, 2020
By TeichForum

Claiming a revolving card has become one of the hottest topics. After putting the problem of abusive interest back on the table, the Supreme Court Judgment of last March 4 ruled as usury the interests that exceed 20%. This financial product is leaving more and more legal claims and favorable judgments for the citizens.

Once again, banks have lined their pockets at the cost of charging their customers really abusive interest. The lack of information and transparency on the part of the entities is also being penalized. Claiming a revolving card is being a way out for many families that have entered into innumerable debts, putting their assets at risk, as a result of these revolving credit cards.

Currently most of these families are claiming to get their money back . If you need one of our lawyers who are experts in revolving cards to contact you for free advice, click on the following button:

claim revolving card

What is a revolving card?

A revolving card is a credit card through which a financial institution lends us money . With these cards they give us the possibility of withdrawing money at an ATM or making purchases and deferring the return of the money spent. The money they lend us is replenished as we pay their fees.

Revolving cards can be contracted through the entity's office, online or by phone. Deferring the payment of the money spent with a revolving credit card carries an associated interest, which is considered abusive when it exceeds 20%.

The usury law is helping all customers who pay a rate greater than 20% interest so they can get their money back .

A lawyer will tell you how to proceed without obligation. The consultation is FREE. Fees to success.

claim revolving card

Why are revolving cards dangerous?

A revolving card is dangerous for both a citizen for two main reasons:

These cards are associated with really abusive interests, which can become a real nightmare. The way to return the credit through deferred payment can lead to a person never finishing repaying the debt.

Supreme Court Revolving Cards

On March 4, 2020, we heard the Supreme Court ruling on revolving cards , in which the interest on revolving cards greater than 20% was declared usury. The deliberation carried out in the Civil Chamber of the Supreme Court was long.

Once the deliberation was over, they announced the sentence. This exposes that the interests that have been applied for years to this type of cards are much higher than the interest of money and therefore, the Supreme Court Judgment determines how usury these abusive interests.

claim revolving card

How to claim a revolving card?

When it comes to claiming a revolving card, there are several legal channels. Depending on each specific case, one route will be more or less adequate than others. Therefore, it is an expert lawyer in claiming a revolving card who must study your case beforehand and who must study the best way to claim.

What we must be clear about is the following in any of the claim channels that we carry out:

  • Prejudicial phase: as a result of the countless claims of revolving cards that financial institutions are receiving, they are being forced to reach out-of-court agreements. We must not accept any offer made by the bank without consulting our lawyer beforehand. The bank will always offer us a partial solution.
  • The rules that protect you: the General Law for the Defense of Consumers and Users is applicable but also incompatible with the Usury Law. That is why it is important to study the case.

How much money can I get back by claiming a revolving card?

Once a judge declares a revolving credit card contract void, the plaintiff is only obliged to return the money that the entity loaned him. You will not have to pay interest . What's more, if you have paid more in interest, you have the right to get that money back. Claiming a revolving card has never been so favorable for citizens.

There are cases in which a financial institution, such as Wizink , Caixabank and Bankinter, have had to return more than 10,000 euros for abusive interest improperly charged. Currently the entities try to negotiate previously with the person who wants to claim. You have to be very careful with these agreements and always consult with the revolving card lawyers . We could lose the right to a legal claim if we accept the banking conditions.

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