Your credit card could be earning abusive interest and you don't know it. Many people don't know they can review these charges, but we're here to help you calculate the actual interest on your bill.
For many people the credit card is a problem, for others the solution, and for those who are suffering from abusive interest, it can really be a mild problem, but after all, how can I get rid of excessive interest?
It is this specific topic that we want to talk about today. We have selected the safest information about excessive credit card interest and what are the legal means you can look for to escape these dirty blood companies.
First we want to ask: what is abusive interest?
Abusive interest is the amounts charged by banks or financial institutions, considered above the average currently practiced in the market.
These charges grow at a priceless rate, putting the consumer at a disadvantage in the consumption relationship.
In addition to unduly charged interest, we were able to analyze and combat the charges of fees embedded in contracts, known as the famous “tie sale”.
Abusiveness in contract and tying are practices considered COMPLETELY illegal by the Code and Consumer Defense - CDC.
Card interest - final information
Finally, we end by saying that another, more radical way, indicated in cases where the consumer is losing control, is to ask for the cancellation of the card, even if there are debts, since the consumer is not obliged to be tied to a contract that is only harming.
Therefore, the client can file the so-called contract revision action, because, in many Brazilian states, there are judges who understand that the interest charged in these contracts is abusive, since the collection of interest capitalized monthly is illegal.
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