Banking Law in Aachen

Anyone wishing to take out a loan in Aachen is often confronted with a demand for security. In many cases, banks require a guarantee, meaning that not only the actual borrower but also another person must vouch for repayment. Particular caution is advised with a joint and several guarantee (selbstschuldnerische Bürgschaft): in this case, the bank can access the guarantor directly and demand payment – without first having to prove that the borrower has failed to meet their obligations. This means a significantly increased risk for the guarantor.

There are, however, situations in which such a guarantee can be regarded as contrary to public policy and therefore loses its validity. This applies, for example, when someone was persuaded to sign under considerable psychological pressure or due to a lack of information. Particularly within families, it repeatedly happens that relatives are placed at a disadvantage, giving rise to legal doubts about the validity of the contract.

Our lawyers from Aachen examine your individual situation closely and carefully review all relevant aspects of your guarantee agreement. Should it turn out that your contract is contestable or contains invalid clauses, we consistently support you in enforcing your rights vis-à-vis banks – even when it comes to other forms of security such as land charges or mortgages. In this way, our lawyers for Aachen are committed to protecting your financial interests and fending off unjustified claims.