Finances And Consumer Rights

We all know the line, “I have the right.” Yes, we all have the right to do this or that, but sometimes our rights are just intangible dreams. Let’s be wise and learn to compromise.

The most common sentences I’ve heard from new immigrants regarding all different aspect of debts and finances in Israel are the following:

“Why can’t I refinance my debts to the bank/credit card?”

“The bank never told me anything regarding fees when taking a loan”

“It must be a mistake because my original debt to the bank was only half the amount I am been sued for today”

“I had no choice; therefore I signed that new agreement with the bank in order to gain time but now I cannot pay”

“I refused to pay their lawyer’s outrageous bill and because of that they are suing me now”

As I have written before: Ignorantia juris non excusat or ignorantia legis neminem excusat (Latin for “ignorance of the law does not excuse” or “ignorance of the law excuses no one”).

In this section you will find a very easy and comprehensive guide to help you learn how to navigate some of the financial system in Israel.

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