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Small Businesses Raise Voice Against Clydesdale Bank for Misrepresentation over Fixed-Rate Loans

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LONDON – A group of small businesses has been suing Clydesdale bank as well as its former owner National Australia Bank for alleged misrepresentation over small business loans. The lawsuit filed by small businesses highlighted that banks raised the interest rate on fixed-rate loans by hidden margins. While representing the group, RGL Management allegedly stated that banks have been facing deceit, misrepresentation, and breach of contract by banks.

A total of 140 small businesses comprising 2,000 small companies issued the first claim against the banks. However, the legal claim doesn’t carry any value. On behalf of small businesses, RGL Management has brought complex lawsuits against banks. Augusta Ventures, a litigation funder has been supporting the lawsuit against Clydesdale bank. Many litigation funders have been fighting for bank disputes on the condition of some part of compensation if they manage to win at trial.

Bad credit small business loans have been on the rise as there are plenty of options available to get loans for small businesses. Also, the affordable interest rates make it possible to get a loan on easy terms. Apart from banks, many online sources are offering small business loans even to the entities with bad credit.

Garbhan Shanks of Michelmores LLP, the law firm which represents RGL, has said that it is hopeful to get a substantial amount of compensation for their first multi-party claim against banks. However, CYBG, the owner of Clydesdale and Yorkshire bank said that it will respond to any claim against its banks on a strong term after analyzing it thoroughly.

Jenny is one of the oldest contributors of Bigtime Daily with a unique perspective of the world events. She aims to empower the readers with delivery of apt factual analysis of various news pieces from around the World.

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Asbestos Exposure is Leading People to avail Mesothelioma Claims

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Each year, more than 3,000 people are being diagnosed with mesothelioma. It is affecting some people due to long or short exposure to the asbestos mineral. Asbestos is a mineral that is widely used in industries for different purposes. Mostly the people working in the industries are susceptible to asbestos exposure and they are allowed to get compensation over this disease. Mesothelioma is lung cancer that is caused by the naturally occurring asbestos mineral.

Many asbestos victims are filing claims through Goldberg, Persky & White P.C. which is a law firm and has helped many mesothelioma patients to get claims to cover their medical expenses. The law firm works on behalf of the mesothelioma victims and fights legally to provide the rights to the asbestos victims.

Many countries have allowed asbestos-exposed people to claim compensation because this mineral can be present in the air and could be inhaled without knowing its effects. So the law firms are helping the patients to get financial help from the authorities.

The mesothelioma lawyers are the expert individuals that are representing thousands of mesothelioma, lung cancer and asbestosis victims nationwide.

The dedicated paralegals and attorneys are giving victims’ cases the time and attention they deserve. By seeing the situations of the patients, mesothelioma lawyers are getting paid only after the claims are transferred to the patients. The qualified mesothelioma lawyers are using all the necessary resources and materials to construct a strong and concise case.

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