Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,195,420 members, 7,958,243 topics. Date: Wednesday, 25 September 2024 at 11:13 AM |
Nairaland Forum / Nairaland / General / Investment / Man Who Created Own Credit Card Sues Bank For Not Sticking To Terms (20925 Views)
Skye Bank Wins Bid To Acquire Mainstreet Bank For N120bn / Four Tricks For Sticking To Your Financial Resolutions / How To Verify Your Credit Card For Internet Banking And Online Transaction. (2) (3) (4)
(1) (2) (3) (4) (Reply) (Go Down)
Man Who Created Own Credit Card Sues Bank For Not Sticking To Terms by Nobody: 5:47pm On Aug 09, 2013 |
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. But now Mr Argakov has taken matters one step further. He is suing Tinkoff for 24m rubles for not honouring the contract and breaking the agreement. Tinkoff has launched its own legal action, accusing Mr Argakov of fraud. Oleg Tinkov, founder of the bank, tweeted: "Our lawyers think he is going to get not 24m, but really 4 years in prison for fraud. Now it's a matter of principle for @tcsbanktwitter." The court will review Mr Argakov's case next month. Source: http://www.telegraph.co.uk/finance/personalfinance/borrowing/creditcards/10231556/Man-who-created-own-credit-card-sues-bank-for-not-sticking-to-terms.html 1 Like |
Re: Man Who Created Own Credit Card Sues Bank For Not Sticking To Terms by kegel(m): 12:34pm On Aug 10, 2013 |
Really interesting... This time a bank is at the receiving end of not honouring an agreement. The hunter became the hunted. 5 Likes |
Re: Man Who Created Own Credit Card Sues Bank For Not Sticking To Terms by eagleeye2: 12:53pm On Aug 10, 2013 |
kegel: Really interesting...Exactly The Hunter is now the hunted. |
Re: Man Who Created Own Credit Card Sues Bank For Not Sticking To Terms by gbengalite(m): 7:47am On Aug 11, 2013 |
Sharp Russian...he invented his own agreement lol
Power of booking a frontpage material...3rd to comment |
Re: Man Who Created Own Credit Card Sues Bank For Not Sticking To Terms by Lanceslot(m): 5:32pm On Aug 11, 2013 |
Interesting.... |
Re: Man Who Created Own Credit Card Sues Bank For Not Sticking To Terms by Kollywolly12(m): 5:34pm On Aug 11, 2013 |
Dat is good for the bank |
Re: Man Who Created Own Credit Card Sues Bank For Not Sticking To Terms by micklplus(m): 5:36pm On Aug 11, 2013 |
Bush meat don catch hunter! Smart dude. Tinkoff can't charge him for fraud oo! Well, a good prosecutor will make a good case for them. |
Re: Man Who Created Own Credit Card Sues Bank For Not Sticking To Terms by charlsecy4(m): 5:36pm On Aug 11, 2013 |
This is probably without precedent. I wonder what the verdict would be. |
Re: Man Who Created Own Credit Card Sues Bank For Not Sticking To Terms by BedLam: 5:37pm On Aug 11, 2013 |
Lol....... Now his name might be buzzing everywhere but nobody attached "419, scam, corruption, defraud, and the blah to it" but if my brother wey go malay go do am now, them go twist am........ Piss on you! 14 Likes |
Re: Man Who Created Own Credit Card Sues Bank For Not Sticking To Terms by priscaoge(f): 5:37pm On Aug 11, 2013 |
Can only βε seen in a developed country,not in 9ja. Lwkmd. Serves τ̲̅ђe Bank right. He has shown U̶̲̥̅̊ guys that he is τ̲̅ђe master of τ̲̅ђe game*Smh 1 Like |
Re: Man Who Created Own Credit Card Sues Bank For Not Sticking To Terms by wellmax(m): 5:38pm On Aug 11, 2013 |
hahaha sharp guy, but i doubt if he'll get away with it 1 Like |
Re: Man Who Created Own Credit Card Sues Bank For Not Sticking To Terms by Lordave: 5:38pm On Aug 11, 2013 |
Immediately I saw this topic, I knew it can never be in Nigeria. If it had been in 9ja, the reverse would be the case. |
Re: Man Who Created Own Credit Card Sues Bank For Not Sticking To Terms by mesther96(f): 5:39pm On Aug 11, 2013 |
sharp guy,dts d type i wl mary *praying* |
Re: Man Who Created Own Credit Card Sues Bank For Not Sticking To Terms by coogar: 5:39pm On Aug 11, 2013 |
argakov should go to jail for forging a document.....if he tried this in america, he would get at least 300 years in a cold cell surrounded by serial räpists! 1 Like |
Re: Man Who Created Own Credit Card Sues Bank For Not Sticking To Terms by Sicozone(m): 5:42pm On Aug 11, 2013 |
am really interested in d story....please keep us posted when it's revisited |
Re: Man Who Created Own Credit Card Sues Bank For Not Sticking To Terms by Olastep1(m): 5:43pm On Aug 11, 2013 |
BBA=APC |
Re: Man Who Created Own Credit Card Sues Bank For Not Sticking To Terms by Originalsly: 5:46pm On Aug 11, 2013 |
Think the man name?...Tinkov...they should suspect he would thinkof something unusual! Think is best the bank pay him to scrap the contract. 2 Likes |
Re: Man Who Created Own Credit Card Sues Bank For Not Sticking To Terms by redcliff: 5:47pm On Aug 11, 2013 |
eagle,eye: Or you meant bush meat don catch the hunter? |
Re: Man Who Created Own Credit Card Sues Bank For Not Sticking To Terms by Nobody: 5:49pm On Aug 11, 2013 |
Sharp man. |
Re: Man Who Created Own Credit Card Sues Bank For Not Sticking To Terms by Nobody: 5:49pm On Aug 11, 2013 |
BedLam: Lol....... Now his name might be buzzing everywhere but nobody attached "419, scam, corruption, defraud, and the blah to it" but if my brother wey go malay go do am now, them go twist am........ Piss on you! Seriously, its a whiteman's business and so its smartness. If he were a Nigerian, the president of the court will be involved in delivering the damning judgement to send the likes of Ibori to perpetual jaildom. |
Re: Man Who Created Own Credit Card Sues Bank For Not Sticking To Terms by Nobody: 5:51pm On Aug 11, 2013 |
m.esther96: Look at this one... Sharp guys dont marry dunces... 2 Likes |
Re: Man Who Created Own Credit Card Sues Bank For Not Sticking To Terms by ZN2: 5:53pm On Aug 11, 2013 |
He'll be lucky if he doesn't spend some time in jail, that's fraud. Making the alterations without pointing them out is a clear deceptive attempt. 1 Like |
Re: Man Who Created Own Credit Card Sues Bank For Not Sticking To Terms by BlessedFellow: 5:59pm On Aug 11, 2013 |
This appears to be "a battle of the form" in which the "last shot (Mr Argakov)" wins!!! |
Re: Man Who Created Own Credit Card Sues Bank For Not Sticking To Terms by alphaconde(m): 6:00pm On Aug 11, 2013 |
He shouldn't be intimidated. I assume he re wrote the agreement. Where is it in law that only the bank has the right to write or draw up agreements? |
Re: Man Who Created Own Credit Card Sues Bank For Not Sticking To Terms by HARDDON: 6:00pm On Aug 11, 2013 |
~ZN~: who is really at fault? shouldnt the bank have re read the docs b4 signing just to be sure? his argument would be that he made adjustments and forwarded it to the bank for consideration, which they did concur to. hook on the neck .cant cough it out, cant swallow it.hehehe |
Re: Man Who Created Own Credit Card Sues Bank For Not Sticking To Terms by Nobody: 6:03pm On Aug 11, 2013 |
A valuable lesson for all. Read thoroughly before signing anything. 3 Likes |
Re: Man Who Created Own Credit Card Sues Bank For Not Sticking To Terms by mesther96(f): 6:10pm On Aug 11, 2013 |
okpara ugo:dunces like ur sisters?? oponu 2 Likes |
Re: Man Who Created Own Credit Card Sues Bank For Not Sticking To Terms by Babalegba(m): 6:13pm On Aug 11, 2013 |
The man is a crook. |
Re: Man Who Created Own Credit Card Sues Bank For Not Sticking To Terms by slinkman(m): 6:15pm On Aug 11, 2013 |
i just robbed a pot.. |
Re: Man Who Created Own Credit Card Sues Bank For Not Sticking To Terms by vislabraye(m): 6:28pm On Aug 11, 2013 |
Never heard of this before. |
Re: Man Who Created Own Credit Card Sues Bank For Not Sticking To Terms by Nobody: 6:29pm On Aug 11, 2013 |
Olastep1: BBA=APC is this related to the topic well. BBA=PORN |
LATEST UPDATES about MMM as we wait for January 14th, By Guider Gozie / Adama J: Investors Call Out CEO Of Ceepass, Viable X, Farm4me / 4 Important Things To Do If You Want To Retire Early
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 28 |