Credit in francs – law firm as indispensable help for francophiles
Did you take a loan in francs years ago? Today you are probably struggling with an installment payment that is much higher than the day you signed the contract. Such a situation affects almost 770,000 Poles (data from 2020), a large part of whom have already taken professional help. What kind of help? Legal – because law firms specializing in franking credits have appeared in our country. They already have quite a few successes to their credit.
Franc loans – what is the problem with these liabilities?
Swiss franc loans were extremely popular years ago. This was mainly due to the attractive conditions under which they were granted and the favorable CHF exchange rate. However, over time, the situation in the European market changed so dynamically that many people with franking credits suffered huge financial losses. This was the result of the economic crisis of 2009 and the currency crash that took place six years later.
In practice, it looked like borrowers had to repay amounts as much as 4 times the amount they borrowed. Their cases were handled by law firms from Krakow and other cities. Many attorneys specialized typically in franc loan cancellation cases. See if you too can benefit from such support.
Credit in francs – when and why to report to a lawyer?
If you are a holder of a CHF loan that is weighing you down and weighing heavily on your household budget, making you lose your financial cushion and liquidity – seek professional help. After all, the franc loan agreement you signed years ago may turn out to be invalid.
What at first seemed impossible to achieve, i.e. winning a case against the bank, today is becoming a reality. There are rulings all over Poland in favor of borrowers with franking credits indexed or denominated to CHF.
The beginning of everything was given by the case law of the Court of Justice of the European Union and the verdict that came down on October 3, 2019. Equally favorable, saying that contracts for loans in Swiss francs contain abusive provisions, was the ruling that the Supreme Court issued on December 11, 2019, ref. V CSK 382/18.
Franc loans – why do you need a law firm?
Although holders of CHF loans have a chance to cancel their franc loans, the verdicts are not always positive. The entire case before the court is complex, multithreaded and requires excellent substantive preparation . It is therefore justified to use the help of an experienced attorney, one who specializes in franking credits. You can read more about this in the publication: Swiss franc loans – who are franking holders and how do we help them?
The law firm’s offer to holders of loans in Swiss francs includes assistance in obtaining a judgment:
- annulling the agreement concluded with the bank,
- ordering the unfranking of the loan.
Everything requires the collection of evidence and a thorough analysis of the individual situation of the borrower.
The above article is not financial advice.
