Who has got into debt by a loan, has not maybe reckoned on overdoing it financially. Sometimes this may be even right, because some financial crises are due only to the fact that one has not read the loan contract exactly enough or does not know the rights as an applicant for the credit. The civil law code (Civil Code) prescribes how a loan contract (in the law advance has to look called) between a consumer and a loan institute.
Such a contract must be already written from law because of in writing. The contract text must regulate essential things like the net loan amount, the actual interest rate, all costs and the way of the repayment expressly. If the written form is not kept, the contract is trifling and the credit grantor cannot appeal to the contract.
If there is no written contract and, however, the advance is still paid out, a contract also comes about without written form. If then, however, certain information is absent, the law helps the consumer to more favorable conditions. If the written form is protected and one has however signed a loan contract, reflects after a few days, however, of a better, one can revoke the contract. With consumer loan contracts there is, as with the purchase on the Internet, a cancellation right for the consumer. The loan does not need to have been provided for it on the Internet. For the cancellation of the contract one has 14-day time.
If the loan was concluded within the scope of a so-called linked business, lapse with a cancellation the loan contract as well as the contract linked with this. The most frequent example of linked shops is the combination of loan and bill of sale. If for example, something is bought on loan and the commercial shop assistant is at the same time the credit grantor, the loan contract can be revoked within 14 days. The bill of sale is also removed by the cancellation, so that one does not stay down without loan on the purchase price demand.
Help with overextension
If the child has liked now, however, once in the well, one sits on a mountain of debts and neither cancellation, nor other legal consumer rights help, nothing else is often left, than to take up professional help. Who himself is able to find no way out from the indebtedness, contact which offer her help finds with the debtor’s advice centres.
The federal study group debtor’s consultation co-ordinates the work of the single debtor’s advice centres on site. On the web page of the federal study group you can allow to determine the advice centre in her nearness. The debtor’s consultation can also cause no miracles and spirit away the deficit on the account simply. Rather the advisers get the necessary overview together with the debtors and structure the chaos.
Extrajudicial debt settlement
Here possibilities are also indicated to you as you can get rid of the debts. There is on the one hand the possibility of the extrajudicial disencumberment. With this variation all demands are checked, ordered and grasped in a debt regulation plan. Then the income on the credit side is collected. In the next step it is tried to meet an arrangement about the debt erasure with the debtees who considers the situation of the debtor as well as the interests of all believers. At the negotiations with the debtees the help of the debtor’s advisers can be very helpful, because they can better provide neutral third with her specialist knowledge and when than it is capable of an involved party.