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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

Answer Question

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.

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

  • Thumbs up to him!

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

  • Love this!

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

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

    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

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

  • That is hilarious. I love it.

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

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

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

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

    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.


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

  • Love it!

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

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