Man creates own credit card and sues bank for breaking the terms

"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...."


Rest at link:

http://www.telegraph.co.uk/finance/p...-to-terms.html

Azeth_sl said:

This is fraud in every sense of the word. Enjoy prison "clever" Russian guy.

Click to expand...

The first judgement has in fact gone in his favour, but both parties are still continuing to sue each other.

If you are going to try this, then you should make it very clear that you have modified the contract, and where you have modified it, before you return it. That way it becomes much more difficult for them to claim fraud; but even if a bank did sign such a contract it could probably wriggle out of an "unreasonable" contract where the lawyers would earn their money defining "unreasonable".

And even if you won, I doubt you'll find many banks wanting your business in future...