Loan Rate 'No Different

Liverpool EchoJune 13, 2005

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Summary


A LOAN cancelled after a judge described it as extortionate was no different from other similar credit agreements, the court of appeal was told today.

In a case with wide implications for the lending industry, London North Securities is challenging a ruling that wiped out Merseyside couple Tony and Michelle Meadows's pounds 384,000 debts.

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Loan Rate 'No Different

They had taken out a pounds 5,740 home improvement l...

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