Repayment of Parabank loans
We were really satisfied with Parabank, but when we wanted to repay our loan, there were only problems. Otherwise, Parabank Personal Loan can be proud of their terms. Will you be able to repay the loan?
Parabank is constantly striving to obtain long-standing, suspended claims through its lawyer and to enforce them in court. By decision of 17 February 2016 (2-12 O 254/15), the court dismissed a Parabank complaint in this regard and reinforced the position of Parabank’s (usually former) clientele by stating that claims by credit institutions within the 3-year period according to § 161 of the act against Parabank.
Bleydan is liable to Bleydan in respect of the franc if the customer is not in default of payment. Parabank had filed a lawsuit in the resolved proceedings from the account overdraft of a current account which had already been concluded years ago, whereby Parabank already informed the consumer in 2003 that it had closed its portfolio and that the remaining amount of 7,365.85 would be paid within 10 days to pay them out.
Parabank took the view that the client was in default of payment as a result of this letter
In the dispute, Parabank took the view that the client was in default of payment as a result of this letter and that therefore the provision of the 497 (3) sentence 3 BGB, according to which the beginning of the limitation period for 10 years should be suspended, would be applicable. However, the LG followed our legal assessment that 497 BGB was not applicable because the necessary conditions were not met, although there was no default.
As a consumer, the Parabus customer was not in default of payment because he had not paid within 30 days of the due date because Parabank had not informed him and Parabank had not reminded him after the deadline. Even if it is determined by the Supreme Court that the statute of limitations of a lawsuit may well be related to a recollection, no such reminder can be derived from Parabank’s letter of formal notice.
Subsequently, however, the 3-year statute of limitations applied, so that the claims of Parabank had to be rejected.
There are still tens of thousands of cases where credit institutions have left overdue or overdue debt due on the due date of the remaining debts, and no payment reminder has been made, or is putting the borrower or borrower into arrears.