Sure! Here’s the translation to American English:
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In Spain, the use of microcredits has seen a significant increase, a phenomenon that has coincided with an alarming rise in complaints regarding usurious practices affecting a large number of consumers. Recent reports indicate that some microcredit offers have interest rates exceeding 2,000% APR, a figure that far surpasses the market average and jeopardizes the economic stability of those who are forced to turn to these products.
In light of this issue, reclamador.es has decided to launch a new service aimed at providing legal assistance to those who have fallen victim to abusive rates in their microcredit and quick loan agreements. The company, known for its commitment to defending consumer rights, seeks to protect those who have signed contracts that violate the Usury Suppression Law.
Pablo Rabanal, CEO and founder of reclamador.es, highlighted that many people in critical economic situations opt for these products without fully understanding the high costs they entail. Their goal is to help those trapped in cycles of extreme debt, facilitating the recovery of the amounts excessively paid for these loans.
This new service reinforces reclamador.es’s commitment in its fight against abuses by large corporations, bringing justice closer to those who need it most. The company aims to ensure that affected individuals can free themselves from the burden of excessive indebtedness.
With this initiative, reclamador.es reaffirms its position as a leader in the Spanish legal tech sector. Since its founding in 2012, the company has managed over 200,000 claims and recovered more than 300 million euros for its clients, solidifying its leadership in the field.
The mission of reclamador.es has been, since its inception, to transform access to justice and enable consumers to successfully face large corporations. Rabanal emphasized that technology plays a crucial role in their approach. Through automation and analysis tools, the company offers swift and tailored solutions, optimizing time and costs. This new microcredit claims service is a clear example of how innovation can be an ally in defending citizens’ rights.
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Let me know if you need anything else!
Referrer: MiMub in Spanish