More than thirty percent of cases in the courts of Ukraine directly concern credit disputes, and cases have been going on since 2012 and the final decision of the court in favor of the client or the bank itself have to wait a very long time.
First of all, the emergence of credit disputes is associated with the unstable financial system of Ukraine, namely the sharp jumps in foreign currency, to which banks often tie the body of the loan.
Since the beginning of the 2000s, most individuals have taken out bank loans to buy movable or immovable property, start a business, or for other personal purposes for fairly large sums. When signing a loan agreement, many of them were not aware of all the nuances that must be taken into account, in order to further, without huge and unforeseen costs to close the debt to the lender. Banks use traps for borrowers, which can be recognized only by lawyers or “experienced” clients of banks, in this regard, lawyers of the Bar Association
Neofelis Lo Group, which includes the best lawyers in the city of Kharkiv, brings to your attention an article on credit disputes, in order to warn Kharkiv residents and all citizens from the pitfalls of banks in lending.
First of all, it is worth noting that borrowers who entered into agreements with banks before 2010, did not pay attention to the fact that all agreements were made in gross violation of the law, which at that time was with huge gaps.
This is the binding of the body of the loan to the exchange rate of foreign currency, while the bank did not have the appropriate license, and illegal provisions on the rights and obligations of the parties, and not even specifying the loan amount in the contract, which simply makes the contract subject to execution, that is – insignificant.
Most borrowers who took out a loan in 2010-2015 for amounts above 20,000 y. e., having a guarantor and confidence that the loan will be closed soon, the body of the loan was not repaid, not to mention the penalty and inflationary losses, due to regular financial instability in the country and unforeseen circumstances, such as illness , dismissal from work and more.
In such cases, the bank goes to court at the place of residence of the borrower in order to return the money to the bank, while charging huge sums for late payment. Virtually all disputes that are directly related to loans are resolved by the court in absentia, namely without the participation of the parties.
The bank provides all the documents on which the borrower allegedly owes huge amounts of credit, and the court will soon rule in their favor. As is often the case, the borrower learns about the lawsuit at a stage when his movable or immovable property is already under arrest or daily calls from collectors begin, who are still trying to make money on your debt. Note that collectors call in most cases when the bank is liquidated and sold your loan (debt) to another financial company, which became the assignor of the debt.
In this case, if you find out that the creditor has filed a lawsuit against you in order to oblige you to pay the debt under the loan agreement or your property has already been seized, the only legal solution is not to ignore the problem and inaction, but to participate in legal proceedings together. with experienced lawyers who will help to solve your long and painful problem quickly and efficiently.
In 2019, Neofelis Lo Group’s lawyers helped a client who was arrested in absentia in 2009 with the seizure of movable and immovable property. It would seem that the case materials have hardly been preserved since 2009, all decisions and any documents are also missing, only the seizure of property and the problem that needed to be solved as soon as possible.
It was about five months after the bar association’s legal aid agreement with the client was resolved as the problem was resolved and the client received a judicial decision that lifted the arrest and closed the loan issue.
Lawyers of the Neofelis Lo Group Law Firm may declare the contract or some of its clauses invalid, cancel a ten-year-old decision or lift the seizure of your property. In almost 100 percent of cases, when clients approach us with a credit dispute, our lawyers win the dispute and defend the borrower’s rights in accordance with the law in such a way that each client remains satisfied and forgets about the problems associated with lending and litigation.
If you need the help of experienced lawyers who are experts in credit disputes and have a high percentage of winning cases in the above field, contact the lawyers of the Law Firm “Neofelis Lo Group”, who will help you win the loan case and get the right solution. which will save you forever from long lawsuits with banks and courts.