Why are more and more people invoking the free credit sanction?
Although the free credit sanction is a relatively new legal remedy, more and more people decide to take advantage of it. It protects consumers against unfair practices by banks and lenders. Unfortunately, many companies and institutions still include various prohibited clauses in their agreements or neglect their duty to inform the customer. Fortunately, consumers do not have to accept this. They have a powerful tool at their disposal — the free credit sanction.
Invoking the free credit sanction makes it possible to reduce the cost of the loan to zero. This means that the consumer — if the sanction is found to be justified — will only have to repay the amount borrowed, without additional fees or interest. No wonder so many people decide to take this opportunity.
At the same time, it is a way of opposing unfair practices in lending. Every consumer who uses a bank’s services expects honesty and reliability. That is one more reason not to give up on invoking the free credit sanction.
Why is legal assistance essential with the free credit sanction?
Many people wonder whether they need legal assistance to invoke the free credit sanction. The answer is yes. Most banks and lenders do everything they can to avoid losing income. Fighting a bank on your own can be difficult and stressful, which is why professional help is worth it.
If you have doubts as to whether your loan agreement complies with the law, contact us. We will review your agreement free of charge and tell you whether you have grounds to invoke the free credit sanction. If you do, we will give you the support you need. In this simple way, you may soon be enjoying a free loan.
Free credit sanction
Some time ago you took out a loan, but you feel that the agreement does not meet all the formal requirements? Wondering whether you can invoke the free credit sanction? Find out whether you have a chance of a free loan. Simply let us review your loan agreement and we will take care of the rest!
What is the free credit sanction?
The free credit sanction is a remedy introduced in Poland relatively recently. It is governed by Article 45 of the Consumer Credit Act. Under the Act, if the lender fails to fulfil its statutory obligations, the borrower may invoke the free credit sanction. This covers various oversights, incorrect clauses and even failure to provide the customer with the required documents.
The main benefit of the free credit sanction is the possibility of repaying only the amount borrowed — without any additional costs. It is an excellent way to save money.
What conditions must you meet to enjoy a free loan?
To benefit from the free credit sanction, several conditions must be met:
- the amount of the loan may not exceed PLN 255,500,
- the loan agreement may not have been concluded before 17 December 2014,
- the sanction applies only to cash loans,
- if the loan has been repaid in full, the sanction may be invoked within 11 months of paying the last instalment.
If you meet the above conditions and feel that the lender has not fulfilled all its obligations, be sure to contact us!
Time to put an end to unfair financial practices!
More and more people are deciding to invoke the free credit sanction. No wonder! The free credit sanction is not only a chance of considerable savings. Above all, it is a powerful tool in the hands of borrowers that can put an end to unfair practices by banks and lenders once and for all!
Borrowers in Poland are increasingly aware of their rights, which is great news. Accepting unlawful practices of any kind is never a good idea. This includes, among other things, non-interest loan costs higher than the statutory limit and financial institutions failing to meet their information obligations towards consumers.
When is legal assistance worth it?
Invoking the free credit sanction on your own is not the best solution, so it is not worth taking that step. Why? Banks, as well as lenders and other financial institutions, are reluctant to agree to free loans. No wonder — because of the free credit sanction they may lose their entire profit.
In practice, therefore, such requests are often rejected. That is why it is worth using a law firm that specialises in this kind of case. An experienced lawyer will make sure the request is properly prepared and argued, which will greatly increase your chances of obtaining a free loan.
It is worth seeking legal assistance at the very beginning — as soon as you have doubts as to whether your loan agreement was worded correctly and fully complies with the Act. Sometimes a single missing piece of information in the agreement may be grounds for invoking the free credit sanction. This remedy is worth pursuing — regardless of how large your loan is.
What support can you expect from our firm?
Wondering what help we can offer you? We will give you full legal support at every stage — from reviewing your loan agreement, through filing the appropriate statement, to negotiating the terms of the sanction. We will do everything we can to help you recover the money you are owed.
Importantly, we have the relevant experience and knowledge in this area, which also increases your chances of obtaining a free loan. Think how much you could save by repaying only the amount you borrowed. In some cases our clients manage to save as much as several tens of thousands of zloty!
Increase your chances of a free loan!
Contact us today and find out what your chances of a free loan are. We will start with a thorough review of your loan agreement and then determine whether you can invoke the free credit sanction. What is more, we will try to estimate the savings you can expect.
It is not worth waiting too long. Now is the best time to start fighting for your rights. Invoking the free credit sanction is beneficial both financially and legally. Find out whether the free credit sanction is available in your case too.