Auto Finance Direct Limited
Auto Finance Direct Limited (Auto Finance Direct) is likely to have breached section 41 of the Credit Contracts and Consumer Finance Act 2003 by entering into consumer credit contracts that provided for unreasonable credit fees. Auto Finance Direct agreed to return a total of $458,592.75 to 5,247 affected borrowers.
Case Details
Parties
Auto Finance Direct Limited
Category
Consumer credit
Sub-category
Act/Section
Credit Contracts and Consumer Finance Act 41
Industry
Financial and insurance services
Status
Closed
Outcome
Settlement
Case Number
Date opened
26 October 2016
Date closed
17 December 2018
Contact person
This page was published 4 weeks ago