Most loans and debt have an interest charge. If you start paying off the debt, your payments are first made to repay the interest, unless the agreement says otherwise in writing. This is a common business practice. If the contract was not a written contract, but on the basis of an oral agreement or a handshake, you can tell your civil lawyer: in general, you cannot break an agreement simply because you did not understand it. It is up to you to understand the terms of the contract before signing it. If you do not respect your contractual commitments, for example. B non-payment of a debt in accordance with the terms of the contract, your omission is qualified as an infringement. A breach of contract can have serious consequences. A contract is a binding agreement between two or more people. Contracts may be concluded orally or in writing.

You can enter into a contract to make a big purchase, for example. B a new car. To obtain loans for university expenses; rent an apartment; to purchase an insurance policy; or to accept the terms and conditions of a new job. Before you sign a contract, be sure to read it carefully and ask for clarification if you don`t understand it. Never sign until you understand all parts of the agreement. If you disagree with something in the contract, talk to the other party about changing it. Do not leave empty spaces; either fill or cross out. Finally, make sure that the other party signs this contract and that you get a copy of the contract with both signatures.

Many people think that even after paying for something or signing a contract, they still have a few days to withdraw from the contract. BUT, with a few rare exceptions, once you pay or sign the contract, you can`t go out. A contract is a legally enforceable agreement. Acknowledging that you`ve made a bad deal is not a good reason to leave a contract. If the sale doesn`t make enough money to pay off your debts (and it almost never does), you`ll have to pay the rest. The amount to be paid is called “default”. If you are ready to move, you should take precautions so that the distribution company can read the meter and cut off its service (gas, cable or electricity). Don`t expect the owner to do this. If you move without the utilities being closed, the landlord or new tenant may not let the distribution company in to check the meter and turn off the electricity.

You`ll pay someone else`s bills, even if you don`t live there anymore.