If you have a mortgage or a personal loan with a bank and have had problems making the payments, it is possible that your bank will have sold your credit to a third party, otherwise known as a vulture fund. Normally the bank performs these assignments when it understands that the credit is a risky […]
Claims against banks for the sale of preference shares and complex financial products.
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Have you been affected by CAM Bank Participating Shares (Cuotas Participativas)? Notes on this toxic banking product.
If you are one of the unfortunate customers who has been deceived by the CAM Bank in having been sold Participating Shares, then you should be aware that: .-these shares are a complex investment product, .-in the event of insolvency of the entity their holders will be the last in line to get paid, .-they […]
Are you affected by a multicurrency mortgage loan? Is your loan linked to the change between Euro-Swiss Franc, Euro-Yen, etc?
Multi-currency mortgages are apparently normal mortgage loans, but instead of operating in Euros, they are linked to other foreign currencies. Offered by banks normally to high income customers, as a formula to benefit from the changes between currencies, in practice it has caused to those affected enormous economic damage. This is because usually the evolution […]