Our legal advise - HOW TO DEAL WITH BANK PROBLEMS ?
Our legal practice as a banking & financial lawyers give us the chance to work with people, having a problems with financial product marketed must be preceded by careful familiarization with all the terms and conditions applicable to it, as set out in the contract and the general terms and conditions applying to that product, are advised by the central bank.
If a consumer of financial products and services considers his interests to be affected, he can address both the financial institution with which he has a contract and the state institutions that are authorized to resolve disputes.
In cases where customer interests are affected, for example, incorrectly charged interest on a deposit or credit, improperly charged charges, unauthorized card transactions, the bank must first notify the servicing bank or the payment service provider. When the case concerns a financial institution that has granted a consumer loan, you should first contact it. This is the easiest and quickest way to reach mutual agreement between the parties,
Banks are very sensitive to the trust of their clients, so they seek to address and resolve disputes and frustrations in due time. Therefore, if the party concerned finds transactions that it considers to be unlawful, there is a doubt that the agreed deposit interest is not charged, the higher the interest on the loan or the difficulty of servicing the loan, the client is best to he / she shall first contact the servicing bank or financial institution.
In the letter to the bank / financial institution detailed information about the problem has to be provided as well as detailed identification data - name, PIN code, bank account number, credit / deposit contract number, etc. If necessary, copies of documents may be attached to the letter. The client must ensure that his / her letter is entered with an incoming number and informs him / her in what time he / she will receive an answer.
Banking lawyers ensure that their clients are legally protected against the risks involved in a financing deal - lenders risk losing their money and borrowers risk problems arising from the obligations they'll have taken on.
They draft or review legal documents needed and make sure all steps required for funding have implemented, particularly that the borrower had fulfilled the conditions to the funds being granted. Banking lawyers also advise their clients on legal issues that could come up in the context of financing arrangements.
The banking law in Bulgaria is strongly connected with the business activity and transactions of many foreign clients and investors in Bulgaria. It also acts with different trans-border operations of our international and local clients. Bulgarian banking law regulates the legal relations between the banks as credit authorities/institutions and the clients. We see that all natural persons, companies and institutions which have businesses in Bulgaria have to cooperate with the local bank from the Bulgarian bank system.
These activities are subject to the regulation by the Bulgarian banking law. Every week we are preparing for our clients legal documents, remittances, credits, pledges, loans, mortgages, etc. All these are directly related to the banking law. The regulations of the transactions in Bulgarian banking sectors have been coordinated by the Supervision division of the Bulgarian National Bank.
The main legal act is the Bulgarian Banking Law Act and several additional provisions concerning credits and financial institution settled in the legal act of Obligations and Contracts Act. The relations of loan & credits securities have been determined also in the Bulgarian Obligations and Contracts Act.
At our international law firm we have lawyers with tremendous experience in the banking area. They will review each of your contracts in order to protect you from signing documents which are beneficial solely for the bank and will also provide assistance with the following:
Our lawyers in bank & financial legal procedures will also ensure excellent services for non-banking financial institutions. Clients rely on us to take a practical, business-oriented approach to achieving their goals. We, at International Law Office D. Vladimirov & Partners, have got a sophisticated understanding of the expectations and requirements of both sides to a financing transaction, and provide services tailored to each client’s needs.
If you have any questions or need some legal advices, please do not hesitate to call us on + 359 2 858 10 25 or send us an e-mail to firstname.lastname@example.org.