Credit litigation: towards which financing solution?

Payment defaults, illegal interest rates, unfair terms … so many reasons that you will need to have a lawyer in case of litigation with the bank. Any problem that the bank causes you or vice versa can be designated as litigation. What are the weapons at your disposal to react to a credit litigation?

What are my recourse in the event of credit disputes?

What are my recourse in the event of credit disputes?

If you have trouble paying your monthly payments, you can negotiate a payment term with your bank. If your repayment problem is one-off, you can send your bank an overdraft in writing. Indeed, you may have a regular income, but for some reason you were unable to access it on the scheduled date. In this case, the delay will be at most a few days. A word of advice: never take out another loan if you cannot settle your arrears.

If the difficulties are persistent because of a radical change in professional life (unemployment, demotion of post…) it is necessary to consider more radical measures. You can for example ask your bank for a rescheduling of the loan period over a longer period. In this case the monthly payment that you will pay will be more affordable which will allow you to rebalance your finances. If you reach an agreement with the financial institution, you will be given a new contract with the new terms.

A disputed credit can be settled in different ways. If you see that the discussion with your banker will end in failure or following a systematic refusal of your request, consider sending your settlement proposal by registered letter (with acknowledgment of receipt) to management of the agency. To give more weight to your advocacy, do not hesitate to put a copy of the letter at the head office of your brand.

What if the bank refuses the amicable solution you offer?

What if the bank refuses the amicable solution you offer?

If the bank refuses, you can refer the matter to the magistrate. In fact, articles L314-20 of the consumer code and 1343-5 of the Civil Code authorize you to ask the governing body for a grace period. This time limit that you request can reach two years.

But it will depend greatly on your situation, regardless of the type of credit you have taken out. It is also possible that the judge may order during this grace period that the sums due be increased by interest. But beware, if it turns out that your situation is the result of poor management on your part, the use of a magistrate will not help you.

If your financial health is seriously degraded, a longer payment period may not get you out of your situation. As a last resort, you can therefore apply to an over-indebtedness committee. If you are a reliable customer and you manage to prove your good faith, this institution can help you to start negotiations with your bank and will suggest the establishment of a repayment plan.

Small credit: how to get it quickly?

You may be in a slightly complicated situation or you may just need a little money to cover some needs. Faced with this situation, you will have to look for a way to have the determined amount. There are many alternatives available to you! Details right away!

Recourse to relatives

Recourse to relatives

The only quickest way and above all that does not create much constraint is to borrow from your loved ones. Contact them and explain your needs and expectations to them so that they can deduce from the situation. If you’re lucky, one of them may be reaching out to you. Otherwise, you will be required to use another option, including requesting a small quick loan from a financial institution.

Simulation of a small credit request with several financial organizations

Simulation of a small credit request with several financial organizations

This form of borrowing requires you to prepare an application package. A credit contract will therefore commit you to a repayment on a fixed term. Before sending your application file to a financial institution, you can carry out a simulation. Thus, you will be able to compare various offers from different conventional banks or online banks. You will also see that the market rates are not at all the same. When you simulate a small loan, you will have to choose the type of loan you need. This can relate to cash flow needs, rehabilitation works, the purchase of new or used cars and others. You will then indicate the amount of your loan. When it comes to a small loan, the ideal is not to exceed 3000 dollars. You will also be asked for more details before having an answer to your simulation.

Time to obtain a small loan

Time to obtain a small loan

When the amount of the credit is below 200 dollars, the individual can obtain it within 24 hours to 48 hours. This is valid if the request file is complete and the profile is validated. However, it should be noted that microcredit requires certain management fees as well as a high rate.

For a small credit of an amount of more than 200 dollars and less than 3000 dollars, the obtaining period goes from eight days. The processing of the applicant’s file is carried out throughout this deadline. Then he will get a response from the bank followed by all the details namely, the contract to be signed, etc.

Tip to speed up the application for small credit

Tip to speed up the application for small credit

Finding an organization using a credit comparator helps speed up demand. The applicant must also have a digital version of all these application documents. Thus, the passage of the file will be from e-mail to e-mail without moving. A financial institution that accepts electronic signatures is also ideal for making the request directly online. The important thing is therefore to limit any loss of time linked to traveling to the head office of the lending bank.