The majority of banking transactions are simple daily transactions. Everyday transactions rarely require legal intervention. There are times where obtaining legal advice prior to entering into an agreement with a bank or other financial provider will assist customers to make a more informed decision. This can save you both time and money.

When you obtain a line of credit you enter into a contract. This contract may involve:

• getting a credit card;
• securing a home loan;
• becoming a guarantor; or
• accessing rent-to-buy finance.

A lawyer can clearly explain all the terms and conditions of the contract that you entering into and make sure that they are suitable to your needs. In some cases they may be able to negotiate with the financial institutions to have the terms and conditions changed.

Sometimes there can be a break down in the relationship between you and your bank. These situations can be difficult to resolve. A lawyer can provide you with advice on how to resolve your issue. A lawyer may be able to use external dispute resolution providers or negotiate directly with the bank on your behalf to resolve the issue. This is particularly important if a customer is experiencing difficulties repaying borrowed money such as in the case of a mortgage. Early intervention in these instances can improve the final outcome.