Beware of Good Finance non-bank loans – sign a blank bill may not pay off. Recently almost 20,000 people flew this way.
More than 20,000 people flew fraudsters who offered loans for bills of exchange. After most of the borrowers have paid the bill in full, the credit firms want to pay more money.
Although it is a Good Finance act, these people have no chance in court. Only the Regional Court in Brno deals with more than 3,000 similar Good Finance loans for a bill of exchange. And most objections must be rejected by the courts.
How to find a cheater easily and quickly
Over the past few years, many people (allegedly more than 20,000 clients) have borrowed money from two non-banking companies. These were credit companies Fast Finance and Finpomoc. These companies provided people with advantageous non-bank loans. But with the loan, they demanded that people sign a blank bill in addition to the contract. It served as a pledge for borrowed money. If the debtor did not repay the installments on time, the company would recover money by means of a promissory note. This is a fairly common practice used by many more serious companies.
Many of these people, who borrowed and guaranteed money on the loan, paid their loans on time and in order. But now it is not enough to wonder if a completely different company sues them and asks them to pay the whole amount again.
This is despite the fact that the loans to which these bills were issued are already paid. Now they are recovering people from Gorasan Company Limited, Renegade North and Cacton Limited.
Prevent this and tolerate Good Finance loans for promissory notes?
Although most victims try to defend themselves in court, they are unlucky. The court received from the enforcement companies an application for an order for payment. Since there is nothing on the bill of exchange that prevents the issuance of a payment order, they have no choice but to do so. The main problem is that the bill of exchange does not indicate the amount, nor does it state that it is a loan guarantee.
Although at first glance it is an obvious fraud and an attempt to enrich people who have borrowed money, the law is designed to be more Good Finance in this situation.
The only chance of all damaged clients
Is that they would have to prove in court that the original owner of the bill and who is now enforcing it are somehow connected. However, they have only 3 days to file similar objections. And getting the necessary evidence within 3 days is a superhuman task for most of these victims.
Although the case is being investigated by the police on suspicion of fraud, this may take a long time and it is not clear whether the police will accuse someone. In the meantime, people will have to pay their loan for the second time, otherwise they may face execution.