Card blocking: How to block your bank card and credit card

While cash used to be hidden away when traveling or in the crowded city center so that it would not be stolen, nowadays it is bank and credit cards that are given special attention. Anyone who has ever lost their checking card, formerly also known as an EC card, or who has had it stolen, knows the uncomfortable feeling and fear of the savings in the checking account. In such a situation, it is important to have the card blocked immediately after the loss is discovered.


Important phone numbers for card blocking

credit card

In order to have the bank or credit card blocked as quickly and easily as possible, both domestically and from abroad, a uniform blocking emergency call was introduced in 2005. This consumer-friendly blocking emergency call can be used to block checking cards, credit cards, online banking, mobile phones and the electronic identity function of the ID card. If you would like to have your checking card blocked.

It applies to both numbers that only the fees incurred are charged by the foreign network operator used. The barred number can be reached 24 hours a day. All important phone numbers can also be noted on the so-called SOS info pass for card security and are therefore always quickly at hand. The info pass can be downloaded as a PDF.


Card blocking: How to do it correctly

Card blocking: How to do it correctly

Before calling the hotline, the cardholder should provide his bank code and account number and note the time of the card block during the call. In addition, reports should be made to the local police. This later also serves as evidence for the reimbursement of amounts that have been improperly debited from the checking account. However, there are certain exclusion criteria that exempt retailers and banks from the refund. Gross negligence is a prerequisite for this. This applies if:

  • the PIN is noted on the card, or the PIN and checking card are carried together in the purse;
  • the wallet is left unattended;
  • the card is not blocked immediately after noticing the loss.

If there is no gross negligence, the cardholder can return the direct debit up to eight weeks after payment and the money is immediately transferred back to the checking account.


Block bank card: the ancient blocking service

credit loan

Card blocking alone is not enough. Cash withdrawals can no longer be made with the PIN. Misuse by electronic direct debit with signature is still possible. All the thief has to do is falsify the cardholder’s signature.

The ancient system can help here. It stands for “combating crime in cashless payments using non-police organizational structures”. As part of this blocking service, a notice is deposited at the central registration office of the trade, which lights up when payments are attempted with stolen or lost checking cards.

Banks cannot request a ancient block, but the victim must have this done personally by the police. Among other things, the card sequence number is required for this. If you do not know them, you can ask your bank. If the card sequence number is not given, the card will only be blocked for ten days and all cards belonging to the account will be blocked. By submitting the number, the additional cards are released and the lost card is permanently blocked. However, not all retailers participate in the ancient system.


Unlock bank card

credit cards

If the bank card is found again after it has been blocked or if it has been blocked due to incorrect entry of the PIN, it is possible to have it unlocked again. However, this is not possible via the blocked emergency call, but only at the bank that issued the card.

The easiest way is to speak to your branch bank and have an employee unlock it. The bank card, PIN and ID card are required for this and a form must be completed and signed. Direct banks do a similar thing, but the necessary form must be downloaded, completed and signed here by post, fax or scan. Unlocking can be costly at some banks, and some banks do it for free.


What are the benefits of the credit score for the economy?

The credit score or score gained strength from the 80’s on. Until then, the decision on the concession and the offered credit conditions depended only on of human judgment, based on the so-called name in the square. In other words, creditors used their experience in observing the consumer behavior retrospective when taking credit, to evaluate new consumers. In addition to being subject to failure, this was a slow process, unthinkable today, when countless credit requests are processed per day.

Appearance of the score made this decision faster, more reliable and fair

Appearance of the score made this decision faster, more reliable and fair

This is because the score is based on numerous variables and statistical data, involving the analysis of factors related to the consumer credit history, such as paying bills on time, debts. negative results, financial relationship with companies and updated registration data. The score generally ranges from zero to a thousand points. The higher the score, the more power the consumer has to negotiate facilities and select creditors.

The score brings clarity to the relationship

The score brings clarity to the relationship

This between those who offer credit and those who ask for credit, since both have access to information. Those who need credit can use a good score as a tool to negotiate better conditions, such as lower interest rates or longer terms. And organizations that work with credit granting, such as banks, financial institutions, commercial establishments, telephone companies and various service providers, can make safer and faster decisions.

In countries like Germany, the United States, France and Italy, the credit score is widely used and its benefits recognized by all involved. In Brazil, the use of the score is still low, but it tends to gain momentum as it starts to be seen as a facilitator of credit grants, with benefits for all parties involved. Last year, credit bureaus started to provide the score to consumers for free, in a fast, simple and practical way through their websites. When registering, the consumer is able to consult if he has past due debts in his name, identify his credit score and have extra help to control his financial life. Do you have any questions about credit scores? We can solve it! Write to us!


What is “average credit” in Switzerland? Our statistics

In Switzerland, the consumer loan concerns almost 1 in 3 households (who have already done, or will make a private loan). However, the subject remains little discussed, sometimes even “taboo”, and future borrowers often come to wonder what the amount of a private loan “average”, or the duration of repayment “average”. We offer some statistics from our own database.


What is an “average credit”? We sources

credit loan

It goes without saying that situations change enormously from one household to another. The same goes for borrowers’ needs as well as their repayment capacity. The concept of average credit then refers to the average of the loans requested from our agency over the last 5 years, whether the amount has been granted or not. The following advanced figures come from our own databases (around 70,000 customers)


The amounts claimed

The amounts claimed

The majority of loans are made for an amount less than 20,000 dollars, while amounts greater than 60,000 dollars represent less than 10% of loans. If we categorize the amounts borrowed in increments of 10,000 dollars:

  • 0 – 9,999 dollars: 26%
  • 10,000 – 19,999 dollars: 37%
  • 20,000 – 39,999 dollars: 20%
  • 40,000 – 59,999 dollars: 7%
  • 60,000 – 79,999 dollars: 2%
  • 80,000 dollars and more: 4%


Average duration of credits requested

credit calculator

In general, borrowers have no overall preference for one term rather than another. The only trend represents the “maximum” durations (72 or 84 months), which are slightly more popular with applicants. Thus, if we distribute the loan requests according to the durations envisaged by the customers:

  • 12 months: 12%
  • 24 months: 12%
  • 36 months: 13%
  • 48 months: 14%
  • 60 months: 12%
  • 72 months: 20%
  • 84 months: 4%


What is the average credit?

What is the average credit?

According to Fine Bank statistics, the so-called “average” credit would be a private loan of 22,000 dollars over a repayment period of 48 months. The monthly cost of such a loan (interest and reimbursement included) then varies between 496 dollars / month and 534 / month (for a rate between 4.8% and 8.9%). It should however be borne in mind that the concept of “average” private loan remains a statistical average, and that future borrowers must above all keep in mind that the important thing is to obtain an offer adapted to their needs and to their situation. If necessary, a specialist like Fine Bank can offer a free, non-binding study leading to an individualized proposal!


68% of those affected by a revolving or microcredit card did not want to hire this type of credit

Do you have a credit card and do not know what you pay? Did you sign a loan with any entity and it seems that it never ends? Have you been paying in installments for a long time and do you feel the quotas never end?

“As much as payment seems that the credit never ends” is the phrase most repeated by the people affected by this type of financing who end up paying “notably higher” and “manifestly disproportionate to the circumstances of the case” interests, and, Usually, without knowing how they got to that situation.

The commercialization in most cases of little or no transparency of this type of loan, with interests that double or triple the normal price of money, with an APR above 20%, are beginning to bring most financial institutions to Justice in recent months.

This is evidenced by the accumulation of favorable sentences that the Reclama Por Me lawyer platform is getting against financial institutions that grant microloans, mini loans, fast loans, credit lines or revolving cards.

“Every day we receive a notification from the court with a final ruling in favor of those affected,” explains Fernando Renedo, Legal Director of the platform.

Do you think you can have a revolving card or credit?


Fernando Renedo explains that “the majority of people are unaware that they are paying these exorbitant interests and realize time later.

The reason is that by deferring payments in “comfortable installments” they are paying two or three times the main loan and, by the time they take action on the matter, they realize that they have not only paid much more than they borrowed but also There is a lot of money left to return ”.

Can it be happening to me without realizing it?

Yes. From the platform, they are very clear at this point.

“From the outside, sometimes you have the preconceived idea that these situations only happen to people who are going through an economic downturn or who go to this type of financing do not read the conditions well before signing the contract and we tend to judge them severely because of his irresponsibility, ” explains Javier López, director of Marketing and partner of the company.

The profile of the person affected by a revolving card or microloan


On the basis of age, the people who claim are among the age range of 40-45 years, although, on average, that credit was requested 6 years before.

Considering gender, men are more likely to have a contract in their name, thus being in 66% of cases while women represent 34%. However, about 80% of the people who come to them have a family, so we could say that it does not affect the economy of a single person, but a family group.

But the most relevant aspect is found in the causes that led to having contracted this type of financing where we found 3 main reasons:

  1. 19% are going through an economic downturn: far from being a solution, revolving cards and microcredit facilitate bad indebtedness or over-indebtedness. This financing option is totally discouraged since the spiral of debts can be made unattainable. The control in the concession of this type of product to people with economic difficulties should be much stricter, they say. These cases are those that are denounced from a human perspective as well as from a legal perspective.
  2. 13% of those affected go to these products actively, in a favorable economic position: They are people who, in order to pay something concrete, seek financing without knowing the consequences that entail: a car, a reform in the house, an appliance, a vacation, aids to the family … They use this financing that they assume as “advantageous” because it is usually marketed.
  3. 68% had no intention of hiring it and, however, for some reason, it is linked to this financing without knowing very well how: Those affected explain very different situations. The most common: a young boy approached in a shopping center, the bank granted it indicating that it was a new card with points when financing a home loan, this was linked to another loan … They did not need it, they had not heard talk about it and yet they suffer the consequences now.

That as explained from the platform


The majority of those affected when he signed the contract (if he did it because there are numerous cases in which there is not even said signature) he did not know what he was doing because the entity was very little transparent

They give us an example a favorable sentence against Good Finance notified this week where the judge indicates that it does not exceed the transparency control since “nowhere are the TIN and APR rates applicable to the provisions made, so in mode, Some of the plaintiffs could have knowledge of the amount that should be paid for the granting of the credit line ”and“ the box confirming that the plaintiff was satisfied with the subscription of a loan is not even marked ”.

“If the granting of these types of credits is made under these conditions, how will an affected person know that he has hired him and what he pays for it? Shouldn’t we look at our own accounts and make sure we are not in this situation without knowing it? ” explains Javier López, who encourages anyone who is paying monthly fees of some kind, to get in touch with MyCredit Lender to study it without obligation.


Have you repaid the loan earlier? Request a refund!

Taking out a loan usually involves the necessity of paying various types of commissions, preparation fees, etc. non-interest costs that can reach even tens of thousands of dollars. Not everyone knows that by repaying the loan earlier, we have the right to demand a refund of part of the costs.

With low-value cash loans, non-interest costs may not make a special impression on the borrower, but for example with mortgage loans, the additional fees reach a very high level. These amounts go to tens of thousands of dollars. Banks can charge 70,000 USD or even more commissions.

This is, of course, the way lending institutions pay for low-interest rates

This is, of course, the way lending institutions pay for low-interest rates

The latter cannot be high, because the market is very competitive, and aggressive marketing of banks strongly emphasizes and promotes attractive interest rates.

Thus, banks are trying to compensate for losses caused by low-interest rates on loans and fees. Unfortunately, then they are not willing to return even part of this money when the borrower repays his liability earlier. However, it turns out that they should.

Many borrowers do not even know that they are entitled to a refund of part of non-interest costs with early repayment of the loan. Banks are eager to avoid this topic and do not pay back any fees previously charged for various activities or services (e.g. preparation fees). It turns out that from October 11, 2015, to the end of April 2016, the Financial Ombudsman received more than 500 complaints regarding consumer loans, of which over 100 were related to improper cost settlement in the event of early loan repayment.

In 2017, there were already 279 complaints

In 2017, there were already 279 complaints

Today, it turns out that these complaints were not at all unfounded. To explain the essence of the problem, you need to go back to the provisions of the Consumer Credit Act. We are particularly interested in the following three articles:

The total cost of credit – all costs that the consumer is obliged to incur in connection with the credit agreement, in particular:

  1. (a) interest, fees, commissions, taxes and margins, if known to the creditor, and
  2. b) costs of additional services, if they are necessary to obtain a loan

– except for the costs of notary fees incurred by the consumer;

Art. 48.

The consumer has the right to repay all or part of the loan at any time before the date specified in the contract.

Art. 49

  1. If the entire loan is repaid before the deadline specified in the contract, the total cost of the loan is reduced by those costs that relate to the period by which the duration of the contract has been shortened, even if the consumer incurred them before that repayment.
  2. In the event of repayment of part of the loan before the date specified in the contract, paragraph 1 shall apply accordingly.

The interpretation of art. 49 paragraph 1 made by the Financial Ombudsman and the President of UOKiK. According to her, the said article of the Consumer Credit Act should be understood as follows:

  • In the event of early repayment of a consumer loan, all possible costs of such a loan will be reduced, irrespective of their nature and regardless of when these costs were actually borne by the borrower.
  • This reduction is proportional, i.e. it relates to the period from the date of actual repayment of the loan to the date of final repayment specified in the contract.

How to recover costs?

It would seem that the above interpretation solves the problem of borrowers paying back before their due date, but it turns out that this is not entirely the case. Although some banks are already changing the regulations in favor of customers, many are still not willing to pay non-interest costs. They refer to the position of Bank Consumer Arbitration, operating at the Polish Bank Association, which states that the commission is a fee that covers the costs of preparing and servicing the contract. However, a commission of tens of thousands of dollars can hardly be considered a cost incurred by the bank for servicing the loan.

If the bank does not want to reimburse part of the costs, it remains to force it to do so in court. It is worth emphasizing that the courts are usually on the side of borrowers. An example is the judgment of the District Court in Łódź of 22 June 2017, which awarded a proportional part of the commission charged due to early repayment of the loan, in the justification by writing, among others:

“Instead of collecting interest, the lenders could construct credit agreements in such a way that only to a small extent or not at all they would receive interest or commission on account of the loan granted, i.e. remuneration on account of the capital transferred to the borrower, whereas the remuneration would be hidden under the so-called preparatory, administrative fees, etc. This would circumvent and violate the ratio legis of Art. 49 in connection with art. 5 point 6 of the Act “(reference number III Ca 10/17).

If you repaid the loan in advance and you do not know how to recover the commission, you do not have to struggle with the bank yourself. All you have to do is contact us now and our lawyers will take care of your case and help you get the money back from the financial institution.


Bank returns – what are they about?

According to the Credit Checker data, i.e. the Credit Information Bureau, in the middle of last year (data as of June 30, 2018), the total number of people with a cash loan is over 8.1 million. The amount of cash loans is USD 159 billion. We are one of the fastest indebted societies in Europe.

It turns out that many consumers also decide to consolidate, i.e. repay their current debt with another loan. Here for banks, the stairs begin …

Pursuant to the Act on consumer credit of December 18, 2011, everyone who has repaid the loan earlier – is entitled to a refund of the commission which he paid while taking the loan. The term “repaid” also includes consolidation – because consolidating a loan is paying off another one. Bank refunds should be proportional to the time remaining.

Bank returns and early loan repayment

Bank returns and early loan repayment

Anna took a loan for USD 100,000 for 5 years. The commission was 15% of the cost of the loan, i.e. USD 15,000.

2.5 years – after this time Mrs. Anna managed to repay the whole commitment.

The bank should return half of the commission charged to it, because it repaid its loan twice earlier, i.e. USD 7,500 of bank commission refund.

Bank returns and consolidation

Mr. Jon took a loan of USD 100,000 for 10 years. The commission was 10%.

After one year, the loan was consolidated with another loan.

The loan was repaid 90% faster – Mr Jan should receive a USD 9,000 bank commission refund.

The examples are of course the simplest to best illustrate what sums are referred to here. It is worth knowing that the commissions charged by banks could be up to 30%.

Banks are silent about commission returns


They are silent because they have no other choice. Either they will sit quietly or they will have to give back the money they have earned on unaware customers. Fortunately, both the Financial Ombudsman and the Office of Competition and Consumer Protection spoke on this topic – banks MUST give money to customers!

Bank refunds – how to check if you belong?

  1. The loan was taken after December 18, 2011. and was a cash loan.
  2. He was repaid ahead of time – either in cash or consolidation
  3. He was contracted to a natural person and not to a company
  4. The bank charged a commission

If you can answer YES to all points – you deserve the money! Your money!

How to fight for bank returns? How to recover the commission paid?


Of course, you can try on your own. First, a complaint at the bank, which 100% will not be considered your way. Banks have already created response letters. Virtually no one reads the complaint in the bank, and the answers are sent from the machine. Later, you have to set up a case in court, and that comes with extra costs. Then hearings, nerves and lost time,


… it is much easier to contact us! We will handle the whole matter for you! You won’t lose time in court or incur the costs of running a case! We will take care of everything.

The salary depends on whether we win the case or not. That’s why we stick to our work because if you don’t get your money back, you won’t pay us.


Budget for 100 dollar loans: best offers

A loan estimate of 100 dollars would be among the small loan opportunities, but this is a lower figure than the minimum for this type of loan, which is at least 500 dollars. Therefore it is impossible to obtain a loan of only 100 dollars through a financial or a bank, and at least the minimum budget must be requested.

Even in the absence of a payslip, it is possible to obtain the small loan, which can be disbursed in various forms, from the rechargeable credit card to the credit line, and obviously also in the form of a classic loan, both at the counter and online.

100 dollar loan with a prepaid card

100 dollar loan with a prepaid card

One of the simplest and most common ways to apply for a small loan is a revolving card, a prepaid card that is recharged each time amortization is completed. As we anticipated a 100 dollar loan through classic financial channels is impossible,

but it is necessary to ask for 500 or 1000 dollars, depending on the institution that provides it. The money lent and made available on the card is repaid in small installments of 50, 100 dollars for durations comprised within a maximum of 12 or 24 months. It is a convenient and flexible tool to always have a small amount to use for your needs.

The documents to be presented

To obtain a small loan in any form it is necessary to always deliver the income and personal documentation necessary for the risk assessment, which for such a modest sum does not present particular obstacles. Therefore it is necessary to deliver:

  • Identity card
  • Fiscal Code
  • Certificate of income (Unico or 730, payslip, pension slip)

Delivery times are rather short, as the preliminary procedure is not particularly complicated. For any details on online loans, revolving credit card or another method of disbursement of the single financial, it is advisable to contact the consultants through their official website.

A loan between private individuals online

Loan between private individuals online

To try to get a 100 dollar loan, you can try using social lending, which is a loan between private individuals online to request through authorized platforms operating in Italy. To obtain the financing you need to register

following the procedures indicated: each applicant is given a rating called rating, which determines the possibility of obtaining credit, which is distributed among many “lenders” and paid to the beneficiary in a single payment.

Thanks to simple and rapid methods and very low-interest rates, the loan between private individuals has been experiencing great success in recent times and is an opportunity to be evaluated to obtain a small loan.