REVOLVING CARDS LAWYERS
Revolving cards allow you to defer and split payments for purchases made, this type of card provides you with money even if you do not have money in your bank account. The bank puts a credit limit between € 5,000 and € 6,000 but this money has to be returned and adding the interest.
At Cabrera Abogados we put you in the hands of professional revolving card lawyers, if you have paid more than you borrowed together with the nullity of the contract, the return of an amount that exceeds the borrowed capital. We will Inform you of the steps to follow to declare the contract null and void. Put yourself in our hands to claim revolving cards!
DO YOU KNOW WHAT ARE THE INTERESTS OF REVOLVING CARDS?
In case you have been paying all over the years with an unreduced debt, this is probably due to you have a revolving card. Commercially available by selected entities, such as Wizink, Cetelem, Carrefour (VISA Carrefour pass), Cofidis and CaixaBank Payments & Consumer.
On March 4, 2020, the Supreme Court declared the nullity of a revolving card contract because the remunerative interest is considered usurious. The Judgment analyzes a Wizink’s contract in which the interest was 26,82 % increasing until the time the action was brought.
The Supreme Court argues that this interest rate is significantly higher than the normal interest rate for money and manifestly disproportionate to the circumstances of the case”. To determine which interest rate is significantly higher than the normal rate of money, the Supreme Court refers to the tables published by the Spanish Bank In relation to revolving cards over 20%, which he considers already very high.
It concludes that the interest rate applied is significantly higher, declaring the contract signed null and void.
Therefore, we recommend that you put yourself in the hands of professionals, because, in addition, if you have paid more than you borrowed, we can claim, together with the nullity of the contract, the return of the amount exceeding the capital borrowed.
At Cabrera Abogados, we study each contract, providing our clients with an out-of-court claim, and informing you of the steps to follow to declare the contract null and void.
WHO CAN CLAIM REVOLVING CARDS?
Anyone who has applied for a revolving card can claim against the entity. These cards have been marketed for years by entities such as Wizink, Cetelem, Carrefour (VISA Carrefour pass), Cofidis, CaixaBank, Payments & Consumer, among others.
Requirements for claiming interest extrajudicially are:
- Have a credit card with which you have made installment payments
- The interests of these cards are considerably higher than the average
HOW DO I KNOW IF MY CARD IS REVOLVING?
Looking for the interest rate, TAE that the bank has applied to you for installment payments. If the TAE exceeds 20%, we have a revolving card.
WHAT CAN I CLAIM FROM REVOLVING CARDS?
The cancellation of the contract of your card, or we will help you to claim the excess interest paid.
If you have not repaid the loan, you can request the nullity of the contract and the return of the excessive interest you have paid. We will have to return the money that the bank lent us but with reasonable interest.
Revolving Card Judgments
Here you can see some of the judgements won on revolving cards:
Do you have any questions?
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