Financial Services

‘Fast’ loan in Spain illegal, says Court

15/12/2018
‘Fast’ loan in Spain illegal, says Court

Supreme Court A judgment by the Spanish Supreme Court, of the 25th of November, 2015, has invalidated as ‘usurious’ a contract for ‘revolving credit’ offered by a finance company that provided access to a ‘fast loan’ in Spain with interest rates up to 24.6% APR (Annual Percentage Rate). The appellant before the Supreme Court pleaded […]

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