I borrowed money quickly and was charged 36,000% interest per year and threatened with nude photos… Settlement after lawsuit supported by Financial Supervisory Service

by times news cr
ⓒNewsis

‌Mr. A, a man‌ in his 30s, borrowed money‍ urgently from an⁢ illegal loan company, was forced to pay interest ​of​ 36,000% per year, and suffered from illegal collection by having‌ nude photos distributed to his ‌family and acquaintances. With support from the Financial ‍Supervisory Service and the Legal Aid Corporation, Mr. A filed a⁤ lawsuit⁢ against the illegal‌ loan shark for confirmation of invalidity of the loan ​contract and compensation,‌ and received a ⁣settlement just before the first⁣ trial verdict.

According to the Financial Supervisory Service on the 27th, Mr. ⁢A was sentenced in the first trial (on‍ the ‍28th) in ​relation to a lawsuit seeking payment of⁤ a total of 37.5 million won, including confirmation of invalidity ⁤of the loan contract filed against an illegal loan company, payment of previously paid principal and interest, and compensation for illegal collection activities.​ It was ‍decided⁣ to⁣ withdraw the lawsuit after receiving​ the ⁢settlement ‍a day earlier. This lawsuit ⁤is the first to ⁢be concluded among 9 lawsuits to invalidate anti-social illegal loan contracts⁤ supported by the Financial Supervisory Service ⁢and ⁤the Korea Rescue Corporation.

Starting in August 2022, Mr. A borrowed a total​ of ⁣10 million won from three illegal‍ loan ‌sharks‍ several times,⁣ received illegal collections for 5 to 30‌ days, and repaid a total of 30 million won, equivalent to 600 to 36,000% per ⁤year. were ​forced to pay ​interest amounting to During the collection process, Mr. A suffered⁢ from continuous threats using contact information and​ nude photos of ​family and acquaintances provided as collateral​ for repayment.

⁣ With guidance from the ⁣Financial Supervisory Service,⁢ Mr. A requested litigation support from the Legal Aid Corporation and filed⁢ a lawsuit on June 27. The three illegal loan sharks for whom Mr. A filed the lawsuit were each in⁢ charge‍ of raising funds,‌ settling and distributing loan proceeds, and withdrawing loan proceeds in cash,⁣ and systematically⁤ ran the illegal loan business.

They gave ​small loans, such ⁤as ⁣200,000‍ to 300,000 won, to debtors who ⁣contacted​ them after seeing advertisements on social networking services (SNS), ‍and then received loan interest of about 100,000 won during the one-week ⁤repayment period. If the repayment⁤ period⁤ was exceeded,⁣ overdue interest of⁢ 30,000 to 50,000 ⁤won per day was charged.

The Financial Supervisory Service‌ and the Legal Aid Corporation argued‌ in two arguments in October and November last year that the loan contract with the illegal private finance​ company that Mr.⁤ Based on ​the​ fact that the motive to commit the crime ⁢of illegal collection ⁢by obtaining contact information and obtaining nude photos ⁢as⁤ collateral for repayment was indicated, the ⁤legal principle‌ of Article 103 of‍ the Civil Act⁣ was ‍applied to actively defend ‌the case. There was‌ no counterargument from‍ the⁤ defendant.

According to Article 103 of the Civil Code, legal acts​ involving matters that violate good morals ⁤and other social order are invalid. Accordingly, the Financial Supervisory Service explained that the court’s decision was​ scheduled ‌to be made without dispute⁢ over ‍the facts at‌ the time ​of ​sentencing in the first trial due to the confession being considered due to​ the defendant’s non-appearance.

An official from the Financial Supervisory Service said, ⁤“We will actively provide ‍support ​to achieve meaningful results in the remaining lawsuits ‍currently in progress, and ⁢we plan⁤ to continue to cooperate with ⁢prosecutors and police to identify additional cases of damage and⁣ expand invalidation lawsuits.”

‍ ⁤ ⁣ ⁤ rnrn

#Illegal loan company#Illegal collection

Reporter Shin ⁢Moo-kyung [email protected]

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