Intercoll Limited
Intercoll Limited (Intercoll) has been warned for likely breaching section 13(i) of the Fair Trading Act (the Act) by misrepresenting a debtor’s right to dispute the debt with Intercoll. In addition, we consider that Intercoll possibly breached section 9 of the Act by misleading debtors about the inevitability of court proceedings if they did not repay the debt.
Case Details
Parties
Intercoll Limited
Category
Consumer credit
Sub-category
Act/Section
Fair Trading Act 1986 9, 13(i)
Industry
Financial and insurance services
Status
Closed
Outcome
Warning letter
Case Number
Date opened
08 May 2017
Date closed
09 October 2018
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