­

Tall Court Judgment in Payday Lending Test Case ‘Kerrigan v Elevate’

Tall Court Judgment in Payday Lending Test Case ‘Kerrigan v Elevate’

The tall Court has handed down judgment in Kerrigan & 11 ors v Elevate Credit International Limited (t/a Sunny) (in administration) [2020] EWHC 2169 (Comm) today. Here is the lending that is payday instance litigation before HHJ Worster (sitting being a Judge regarding the High Court).

Twelve Sample Claims were tried over a month in March 2020. The lending company ended up being represented by Ruth Bala and Robin Kingham of Gough Square.

Overview

The tall Court unearthed that the Defendant (“D”) systemically breached the necessity under CONC chapter 5 to conduct a satisfactory creditworthiness assessment, principally by neglecting to think about if the customer’s repeat borrowing from D meant that the cumulative aftereffect of its loans adversely affected the customer’s financial predicament. […]

Load More Posts