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Ausbanc able to declare moneylenders and middlemen risk warning.

Zaragoza, May 5 .- The efforts made by the Association of Online Banking Users Ausbanc have made a judge of Caspe (Zaragoza) declare the loan usurious consumer warning about the risks posed by intermediaries lenders go to the high interest rates they charge.

This is the second sentence is issued in Spain in these terms, which has re-enforce the Law for Usury, 1908, known as, darkfall gold for sale, Act Azcarate, and have had to resort to lawyers for the company to prevent housing auctioned Caspolino partners.

Thanks to this ruling, customers will only have to repay the amounts that they lend the intermediary without interest.

In a press conference, Alberto Cardona, a lawyer for the delegation of Ausbanc in Aragon, has warned of increased cases of usury because of, aika gold, the economic crisis, because at the time that a consumer is included in the data records defaulters are excluded from traditional banking systems and are forced to resort to private lenders to cope with their debts.

Some of these intermediaries, explained Cardona, charge for the loan, which must be returned within six months or a year,, sto credits, interest "disproportionate and unconscionable" that reach 24 percent and that failure to pay can make the execution of the mortgage and housing loss.

Usury was decriminalized in 1995 by what lawyers have to resort to civil proceedings to report cases, which implies a "legal labyrinth" of paperwork with "minimal chance of dnse" which often is letting consumers warned Cardona, who nevertheless assured that "there is success" precisely because the Law Azcarate.

This rule was approved to ensure that interest is paid is adjusted to the market and, according to Cardona, it should enhance financial traffic to exclude those who benefit from the current economic situation to get "huge profits" and substandard housing price market.

Currently, customers who come to Ausbanc with foreclosure situation, between 7 and 10 percent come from private lenders.

In this sense, Cardona recommends that consumers who go to traditional private banking because it is highly regulated and applies recognized types, while it believes it should also apply some type of action to deal with intermediaries who are not acting ethically to get them out of the market .

Clarke recalled that leads Aragon Communities with more berries and a greater number of foreclosures has, up 95 percent in the past year.

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