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10
"Historic judgment": EU court declares millions of loan agreements to be unlawful (translate.google.com)
posted 4 years ago by Hiromant 4 years ago by Hiromant +10 / -0
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– Thewrongstuff420 3 points 4 years ago +3 / -0

Oh fuck.... why did we vote for brexit

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– Hiromant [S] 3 points 4 years ago +3 / -0

In other words: If the clauses in a contract are not formulated in a clear and understandable way, the consumer can revoke the contract. In this case, consumers no longer have to pay off their remaining debts and are even entitled to repayment of their down payment and all monthly payments already made.

According to Christoph Herrmann from Stiftung Warentest, the judgment will help many debtors. "Most of them can now revoke their old loan agreements, even if it has been many years since the contract was signed," he said. The law firm Gansel Rechtsanwälte, which was involved in the proceedings, announced that almost all private consumer loans were affected by the ruling. "The only exceptions are consumer loans with a mortgage, especially real estate."

Well this is unexpected. Almost sounds like the mythical GESARA.

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– Filledwithfire 2 points 4 years ago +2 / -0

I feel like there is a season coming in the Western world where amongst all the bullshit that's happening now, there will be substantial victories that slide in under cover of darkness and will inevitably (when enough of them occur) yield a net positive.

Here's to the great un-cucking...

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▲ 1 ▼
– no_ez 1 point 4 years ago +2 / -1

They/them are trying to jumpstart an international great depression. I mean, it looks good on paper for the little guy, yaaaaay he doesn’t have to repay the loan!! But if this is implemented as it says here, the EU will crumble... UNLESS, everyone gets a “great debt reset.”

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– Eu-is-socialist 1 point 4 years ago +1 / -0

Well fuck the little guy that got something for nothing. I hope it crumbles and takes as many small guy leeches with it as possible.

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– deleted 0 points 4 years ago +1 / -1
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– deleted 0 points 4 years ago +1 / -1

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