Join the Meeting Place for Moms!
Talk to other moms, share advice, and have fun!

(minimum 6 characters)

4 Bumps

Guy does to bank what banks usually do to other people...

...The idea of beating the banks at their own game may seem like a rich joke, but Dmitry Agarkov, a 42-year-old Russian man, may have managed it. Unhappy with the terms of an unsolicited credit card offer he received from online bank Tinkoff Credit Systems, Agarkov scanned the document, wrote in his own terms and sent it through. The bank approved the contract without reading the amended fine print, unwittingly agreeing to a 0 percent interest rate, unlimited credit and no fees, as well as a stipulation that the bank pay steep fines for changing or canceling the contract. Agarkov used the card for two years, but the bank ultimately canceled it and sued Agarkov for $1,363. The bank said he owed them charges, interest and late-payment fees. A court ruled that, because of the no-fee, no-interest stipulation Agarkov had written in, he owed only his unpaid $575 balance. Now Agarkov is suing the bank for $727,000 for not honoring the contract's terms, and the bank is hollering fraud. "They signed the documents without looking. They said what usually their borrowers say in court: 'We have not read it,'” Agarkov's lawyer said. The shoe's on the other foot now, huh? LOL

http://rt.com/business/man-outsmarts-banks-wins-court-221/

Answer Question
 
Michigan-Mom74

Asked by Michigan-Mom74 at 2:03 AM on Aug. 15, 2013 in Money & Work

Level 34 (66,351 Credits)
Answers (10)
  • Oh what a clever bad boy. I am laughing over here.
    Dardenella

    Answer by Dardenella at 2:06 AM on Aug. 15, 2013

  • Thumbs up to him!
    Ballad

    Answer by Ballad at 2:21 AM on Aug. 15, 2013

  • Love this!
    PartyGalAnne

    Answer by PartyGalAnne at 2:22 AM on Aug. 15, 2013

  • That is interesting, bet all the financial institutions will be reading everything now.
    luvmygrandgirl

    Answer by luvmygrandgirl at 2:49 AM on Aug. 15, 2013

  • Wow this will never happen in my country what!!!!! That was crazy and smart
    Zubies70

    Answer by Zubies70 at 6:25 AM on Aug. 15, 2013

  • That is hilarious. I love it.
    But_Mommie

    Answer by But_Mommie at 7:44 AM on Aug. 15, 2013

  • hahaha about time someone got one over on the banks!!!
    goofygalno1

    Answer by goofygalno1 at 9:43 AM on Aug. 15, 2013

  • Oh wow that is so funny, that was great.
    Alisim

    Answer by Alisim at 9:48 AM on Aug. 15, 2013

  • So funny, always hated the the take it or leave it agreements out there. Just do not try this at home kids.

    by2013

    Answer by by2013 at 11:23 AM on Aug. 15, 2013

  • Love it!
    Mom2Just1

    Answer by Mom2Just1 at 12:47 PM on Aug. 15, 2013

Join CafeMom now to contribute your answer and become part of our community. It's free and takes just a minute.
close Join now to connect to
other members!
Connect with Facebook or Sign Up Using Email

Already Joined? LOG IN