The category of loans that attracts the borrowers’ most interest is significantly more favorable, both in settlement and repayment terms. The majority of the cases are of “rebates”, “cuts” or exemptions of all overdue interest and the associated costs. The interest rates shown are unprecedented as they start at 0% and reach up to 4% for all or part of the repayment time of the debts.

The most favored of this new arrangement are hefty borrowers with unsecured loans, mainly debit cards. This is because banks, in their endeavor to earn more by reselling “red” loans in funds or by launching enforcement measures against borrowers, ultimately counterfeit the acquisition of non-performing debt at very low prices. Let’s look at two examples: For a debit card holder with a debt of  25,000 €, his debt was redeemed at just € 1,056 €, while a debt of 65,000 € was repaid with just 5,300 euros, with his repayment being broken down to a number of doses.

With an effective team of lawyers specializing in red-loan issues, KMD Law Firm is one of the few law firms that can manage the complex red-bank redemption procedures on behalf of our clients and according to the specific needs of our clients.The group works effectively independently of jurisdictions and fields of practice, utilizing the expertise of its associates in areas of specialization such as taxation, procedural protection of recipients of compensation, insolvency of the banks. This way you are offered a quality service in relation to any case that may arise from the process of regulating your loans.