The Court of First Instance and Instruction No. 1 of Aranda de Duero has condemned another financial entity for usury. In this case it is Banco Cetelem, who applied totally disproportionate interest to the credit card acquired by an Arandina.
The card was received in 2007, and since then they have not stopped applying interest charges, insurance and commissions disproportionate. As highlighted by the judge in the sentence “The APR (annual equivalent rate) has been successively increased so that it was impossible for him to know what he was going to pay in each monthly payment. The plaintiff has been chained to a contract that she concluded for the payment of some products in 2007 for 13 years.
And it is that if in the year it was opened, in 2007, an APR of 19.20% was set, in 2008 it rose to 20.04%, in 2011 to 21% and 22.08% and from 2013 to 2021 a 23, 04%. “This is a credit card contract in which a abusive interest”, indicates the ruling, indicating that, in addition, the person who hired him “did not even have the contract in his possession, having to claim it from the financial company”.
The ruling declares the contract null and void, therefore, the interest applied. Therefore, the bank has to pay its client “all the amounts paid by it that exceed the borrowed capital”, as well as pay the costs of the trial and remove the woman from the delinquent registry.
The sentence was issued at the end of 2021, but it was not until this year that its corresponding liquidation and execution was carried out. Lawyer Sergio Moreno Tablado, the client’s defender, explains that a procedural strategy was established for this purpose, which has led to the payment of 15.800 euros from the bank, money that she paid in interest. “This result achieved reproaches and reiterates the abusive practice of financial companies, widespread for years. His resounding condemnation is a victory for consumers and especially for this Arandina, who has managed to cancel the card, the return of what was paid in excess during the more than 13 years that he had the card, ”he points out.