PrivatBank sued over a credit card – what to do?

Credit cards have become an integral part of the financial life of many people. Convenience of use, the ability to quickly receive funds for urgent needs and payment installments make credit cards a popular banking product. However, due to various life circumstances, sometimes there are difficulties with timely repayment of credit card debt.

In such a case, the bank, as a creditor, can apply to the court with a demand to collect the debt in a compulsory manner. Receiving a claim from the bank about credit card debt collection is an unpleasant surprise for many borrowers. After all, the court process is an additional expenditure of time, money and nerves.

How to act in case of a lawsuit from PrivatBank?

If PrivatBank filed a lawsuit against you in court to collect the debt, it is very important to receive a complete set of documents related to the case. First, you should receive a copy of the claim itself, the calculation of the amount owed, the loan agreement and the lending rules. However, often only a subpoena is sent to the borrower.

In this case, you need to visit the court, submit an application for familiarization with the case materials and make copies of all documents. If any information or documents are missing, you can claim them in court.

After receiving a complete package of documents, it is recommended to consult a lawyer. It will be important for specialists to analyze the details of the issuance of your credit card: its validity period, whether the card was reissued at your request or the bank did it independently without your consent. This information can be essential to protect your interests and reduce the amount of debt in court.

How can a borrower prepare for a court case with PrivatBank?

If the PrivatBank credit card debt has grown significantly, the borrower's main task is to try to get the debt reduced in court. For this, he needs to prepare carefully and submit certain documents to the court:

1. A written request to the bank to provide all documentation related to the loan. This is important to get complete information.
2. References and substantiation regarding the statute of limitations - the periods during which the bank can demand payment of the debt.
3. Written objections with references to laws and good reasons for late payments (illness, loss of work, etc.). This can serve as a basis for reducing the amount of debt.
4. A clear explanation from the borrower himself of all the circumstances that caused the delay and his arguments in favor of debt reduction.

Appealing the court's decision on loan debt

The borrower has the right to appeal the court decision on credit card debt collection in PrivatBank in two cases:

• If he had good reasons for not appearing in court (for example, illness), due to which the decision was made in absentia without his presence.
• If violations of the law were committed during the trial, which could affect the decision.

In both situations, the borrower has the right to file a petition for review of the case and to appeal the court's decision. The sooner he does it after the first priority decision is made, the more chances there are to review the case and make a new, more favorable decision for him

A timely appeal allows borrowers to defend their interests if the court's decision was unfair or unlawful. Therefore, it is important not to delay and exercise your right to appeal.

Professional legal assistance from "Prykhodko and Partners"

In such difficult situations, seek qualified legal assistance in the case of debt collection for a PrivatBank credit card. Experienced specialists of the company "Prykhodko and Partners" provide professional services and will help defend your interests in court.