Crester Credit Company Limited
Crester Credit Company Limited was fined a total of $51,750 and ordered to pay nearly $9,000 in statutory damages to borrowers, because some of their loan contracts included security interests taken over prohibited consumer goods, meaning that the companies could repossess them if the borrower did not make payments on the loan.
Case Details
Parties
Crester Credit Company Limited
Category
Consumer credit
Sub-category
Act/Section
Credit Contracts and Consumer Finance Act 2003 83ZN
Industry
Financial and insurance services
Status
Closed
Outcome
Judgment
Case Number
Date opened
20 April 2016
Date closed
13 March 2019
Contact person