Reviewing revolving cards can reduce debts before applying for the second chance
Self-employed individuals considering taking advantage of the second chance should first review their revolving cards. A claim for usurious interest or lack of transparency could reduce the outstanding balance and even allow the recovery of amounts paid improperly.
According to the experts consulted, it is advisable to study both avenues together before starting the procedures. Requesting the exemption and then making a claim on that same debt can create legal difficulties, although each case requires an individual assessment.
What documentation should be reviewed
The contract and statements make it possible to compare the capital used, the payments made and the amount the entity is still claiming. They also help to check the interest, fees and the information provided when signing up.
Having paid more than agreed does not, by itself, prove that an improper charge occurred. Nor does a high interest rate automatically determine the nullity of the contract.
If the proceedings have already started
Any potential refund must be reported to the professional handling the proceedings. How it is treated will depend on the circumstances of the case and the type of exemption. Hiding that money could jeopardise the cancellation of the debts.