Posts by Patrick Carter5

redpuma24 said:I just finished my hearing in civil court, and the plaintiff—the bank—didn't even ask to have my personal banker testify. I won at the trial level, and now I'm waiting for the appeal process to kick off since the bank decided to challenge the ruling. My guess is that they can't suddenly request to hear from the banker now, and that shouldn't be grounds to overturn the initial judgment, right?

Would you mind sharing some of the specific questions they asked you during your hearing?
Thanks.

I took out a Swiss Franc loan back in 2005, mostly because at the time, my Bank wouldn't even give me any other options; it wasn't some greedy move to chase lower interest rates, there just weren't any alternatives on the table. But well, what happened, happened. Now, I’m just looking for what’s rightfully mine—just compensation for the damage done, nothing more. Honestly, if the Democratic Party had stayed in power, this whole mess probably would have been settled ages ago, but the current administration is too tied up with the banks and doesn't want to rock the boat. When you factor in the corrupt judges who seem to be in the pockets of these big financial institutions through every means imaginable, the whole situation becomes pretty obvious. So, I filed my lawsuit against the Bank, and I plan to sue them for every single cent I can, because I truly believe justice will eventually prevail.

SUE THEM.

The Supreme Court is set to hand down its final ruling this Tuesday, so I'm curious—what kind of outcome are you all anticipating?

10 %

I was just sitting here thinking about how much things have shifted lately, almost like looking back at an old photo where everything seems so much simpler than it actually was. It’s funny how we get caught up in the weeds of daily life, isn't it? I saw what frozencanyon14 was saying earlier, and it really got me pondering the whole idea of stability versus that constant, restless movement we all seem to be doing these days. Sometimes you just want to sit on a porch somewhere, maybe out in a quiet suburb near Indianapolis, and just watch the world go by without feeling like you have to react to every single little tremor in the economy or every sudden shift in the wind. We spend so much energy bracing ourselves for things that might not even happen, and honestly, I think we could all stand to take a breath once in a while. It’s not about ignoring reality, of course—nothing would be that easy—but more about finding that middle ground where you aren't constantly waiting for the other shoe to drop. Life is long, and if we spend the whole time tense, we're going to miss the scenery. kaže:
Can someone help me make sense of this specific part? I'm thinking if we didn't jump on those interest rate issues early enough, we really missed our window, and that's just the beginning—it’s going to be even worse once things actually hit the statute of limitations. 🤔

I honestly feel like the interest rates you're looking at are pretty much outdated at this point.

Carl Roberts3 said:So if I'm reading this right, since I took out a Swiss Franc loan back in 2006 and managed to pay it all off early by 2011, there might actually be a way for me to get the ball rolling on a lawsuit...

Just wanted to clear up that once that loan was closed, I didn't really do anything about it, like joining the Anti-Swiss Franc movement or filing any kind of formal claim or whatever...

Honestly, if you just go ahead and file the lawsuit, I’m telling you, there is a hundred percent chance you’ll walk away with a win in court.

I’ve been sitting here wondering if it makes more sense to go ahead and sue the bank right now over that currency clause, or if I should just hang tight and wait for the Supreme Court to make a final ruling on whether these contracts are actually void. I mean, is there a way to play it smart—maybe file the lawsuit for the exchange rate issue now, and then, if the Supreme Court eventually rules that the whole contract is invalid during the proceedings, just tack on the claim for nullity later on?

Since I’ve actually gone through the process of suing my bank myself, I can offer a little perspective on how this all looks from the inside. For now, there's a pretty solid case to be made regarding the interest rates, though we're still waiting on a ruling from the Supreme Court regarding the currency exchange issues—that should hopefully wrap up by the end of the month. As for the idea of declaring the entire contract null and void... well, that’s a bit more complicated than it sounds. In theory, it would mean I’d have to return the principal amount I borrowed, while the bank would have to pay me back everything I ever paid them, plus late fees. Honestly, that scenario sounds absolutely perfect, but it’s incredibly difficult to pull off, and even my lawyer isn't really recommending we go down the route of suing for total invalidity. So, if you ask me, we can probably be reasonably happy just focusing on winning the battle over interest and currency, especially if we can get those settled within the next two or three years.

Zachary Collins2 said:Did you end up requesting any specific documentation from the bank?
Were there any hiccups along the way, and how long did you have to wait for everything to move forward?

And... if you don't mind me asking, what specifically did you request from them—did you go for all five points or just a few?

The transaction history on the loan, the repayment schedule, interest rates, and my payment history. I requested all that back in the second month, had to wait about 20 days, and then finally paid $83.

Zachary Collins2 said:Did you end up requesting any specific documentation from the bank?
Were there any hiccups along the way, and how long did you have to wait for everything to move forward?

And... if you don't mind me asking, what specifically did you request from them—did you go for all five points or just a few?

I asked for the transaction history, my payment records, the interest rate adjustments, and the updated repayment schedule.
I actually put that request in during the very first month, and it took about twenty days to finally get everything back.

I just wrapped up a consultation with my attorney regarding the lawsuit against Addiko Bank.
So far, it looks like a pretty solid win for those of us dealing with converted loans when it comes to the interest rates; we're just waiting on the Supreme Court to weigh in on the exchange rate issue, but my lawyer is feeling optimistic that their ruling will swing in our favor too. Basically, we need to file a claim that covers both the interest and the exchange rate simultaneously. He did warn me, though, that suing to have the entire contract declared void is incredibly risky, so he’s advising against that route for now. As for the costs, legal fees are sitting around $2000 and court costs should run somewhere between 3,000 and $3333, depending on how much we're actually suing for. The good news is that if we win the case, all those expenses get reimbursed to us. The attorney takes a 10% commission on the winnings. Anyway, I’ve got all my paperwork in order and I've officially kicked off the process with my lawyer.

Timothy Kim9 said:My take? They’ll probably try to "fix" those worthless contracts by
making them legally binding again.

For the converted loans, the currency issue is already handled—it's just the interest left to deal with. If I recall correctly
based on some figures out of Mexico, the compensation amount was roughly 5% of the mortgage value.

Does that mean everyone who went through with the conversion actually made a mistake?

It took them fifty whole days to finally get back to me about my request for a loan moratorium, and all I got was a rejection notice. They basically said they looked everything over, but the Credit Committee decided to turn me down because my application didn't meet their current product requirements, specifically citing their internal procedures and general banking policies.

I’m really hoping someone who actually knows the ins and outs of this stuff could walk me through what those reasons actually mean, because honestly, it's all just corporate jargon to me. Thanks a bunch.

I just submitted my request for a loan moratorium, and I was wondering if anyone knows how long the wait usually is before they actually approve it?

Here’s what I’m running right now: Intel Core i5 with ASUS motherboard
Asrock z68 extreme gen3
sapphire hd 7850
wd green 750 gb hdd
60 gb mushkin ssd
cm 692 advanced x2 kkn5
2x4 gb skillex memory
lg gh24 dvd drive

I’m looking to pick up a new power supply for this setup $183, ideally something on the quieter side, and I'd love some recommendations from the usual suspects over at Newegg, Micro Center, or maybe Amazon. Thanks!

It feels like almost every single day, maybe once or even twice a day, I get this intense, burning sensation shooting through my right thigh that lasts for about a minute before just fading away. On top of that, if I touch my right thigh, it’s noticeably more tender than the left one. Does anyone have any idea what might be going on? Thanks!