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.