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Russian judge rules in favor of man who set own credit card terms after bank failed to read his revised small print

Hilarious; the bank swallowed a teaspoonful of the medicine it doles out regularly, and is none too happy about it:

When Dmitry Argarkov was sent a letter offering him a credit card, he found the rates not to his liking. But he didn't throw the contract away or shred it. Instead, the 42-year-old from Voronezh, Russia, scanned it into his computer, altered the terms and sent it back to Tinkoff Credit Systems.

Mr Argarkov's version of the contract contained a 0pc interest rate, no fees and no credit limit. Every time the bank failed to comply with the rules, he would fine them 3m rubles (£58,716). If Tinkoff tried to cancel the contract, it would have to pay him 6m rubles.

Tinkoff apparently failed to read the amendments, signed the contract and sent Mr Argakov a credit card.

"The Bank confirmed its agreement to the client's terms and sent him a credit card and a copy of the approved application form," his lawyer Dmitry Mikhalevich told Kommersant. "The opened credit line was unlimited. He could afford to buy an island somewhere in Malaysia, and the bank would have to pay for it by law."

However, Tinkoff attempted to close the account due to overdue payments. It sued Mr Argakov for 45,000 rubles for fees and charges that were not in his altered version of the contract.

Earlier this week a Russian judge ruled in Mr Argakov's favour. Tinkoff had signed the contract and was legally bound to it. Mr Argakov was only ordered to pay an outstanding balance of 19,000 rubles (£371).

"They signed the documents without looking. They said what usually their borrowers say in court: 'We have not read it',” said Mr Mikhalevich.

Read the rest here: http://www.telegraph.co.uk/finance/personalfinance/borrowing...

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The rules only apply to the (FALSE) debt slaves not our banks

Rothchild crime mafia.

Turn about is fair play!



There is something though called 'consideration'.


I remember when this was

I remember when this was pending a court date, a poster here said there was no way this was going to go in his favor because there was no meeting of the minds. I guess the judge didn't care.


that it funny. I wonder what would happen if soneone tried that here.

In America?

They'd be forced into arbitration where the business would win and force the dude to pay triple damages or something silly like that. Why do you even ask? I mean that in a sad way not a sarcastic way.

I dont know

we have juries, and judges can be pretty random.