Category Banking

Bank cancels loan

If the bank terminates a loan, this is a very unpleasant event for you as the borrower concerned. Especially when it comes to monthly construction financing, for example. You suddenly find yourself in the situation of having to repay the…

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When is a guarantee immoral?

The triangular relationship between debtor, creditor and guarantor is a concept of German law of obligations as regulated in the German Civil Code (BGB). The debtor (borrower) is the person who has a principal debt to the creditor. This is…

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Cancel guarantee

As a guarantor, your relationship with the creditor is governed by the guarantee agreement. This only rarely contains a general right of termination. Under certain circumstances, you as the guarantor can still get out of the guarantee by giving extraordinary…

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