This man beats the bank...now being sued

Lol. Always read the fine print

http://www.telegraph.co.uk/finance/personalfinance/borrowing/creditcards/10231556/Man-who-created-own-credit-card-sues-bank-for-not-sticking-to-terms.html?fb Phone Post

Well bank sued him now hes suing the bank Phone Post

Link for phone? Phone Post

That's smooth. Phone Post 3.0

The bank agreed to a contract without reading it. If it was the borrower who had said "but we didn't read the contract" they would be liable. If the bank does it its fraud? The bank agreed to a deal they didn't read thats their problem.

In mother russia borrowers screw bank.

Fuck that bank, LOL at them! Phone Post 3.0

How the fuck can the bank claim fraud,they signed a contract and mailed him back copies.I'm trying this shit everytime i get a card offer in the mail.He should have put in an amendment to have the bank prez come over once a week to lick his asshole

If they implemented the terms of the contract, such as "no credit limit," then SOMEONE at the bank had to have read the contract.

B_Goetz - If they implemented the terms of the contract, such as "no credit limit," then SOMEONE at the bank had to have read the contract.
Right, but the fact that he scanned it and sent back so it looked like the original I where I could understand someone not questioning it. Banks do weird shit all the time. Phone Post 3.0

In for awesomeness Phone Post

He didn't technically change anything, he sent them back a brand new contract with his terms on it instead of theirs. Phone Post 3.0

awesome

 

Man who created own credit card sues bank for not sticking to terms

When Dmitry Argarkov was sent a letter offering him a credit card, he found the rates not to his liking.

A selection of credit cards in a fan.
Dmitry Argarkov's version of the contract contained a 0pc interest rate, no fees and no credit limit Photo: Alamy

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.

 

incredible haha, but.they fucked up, he sent in a contract, which they accepted. Phone Post

soonertodd - How the fuck can the bank claim fraud,they signed a contract and mailed him back copies.I'm trying this shit everytime i get a card offer in the mail.He should have put in an amendment to have the bank prez come over once a week to lick his asshole

Lmao. That would have made him a legend Phone Post