The Court of First Instance and Instruction number 1 of Mieres (Asturias) has sentenced the banking entity WiZink to return 12,000 euros because it considered that the interest rates on its revolving card (which allows financing purchases with small monthly installments) exceeded the limit of usury. Specifically, he had contracted this card in 2006 and despite not using it for years, his debt did not stop growing, because the installments he paid did not even cover the interest, which stood at 26,82%, when, as According to the lawsuit, the average consumer loans at that time were 8,39%.

With this argument and based on the Usury Repression Law of 1908, the financial institution was sued and was ordered to return an amount close to 12,000 euros to the client.

SOURCE: ELCIERREDIGITAL (SEE THE NEWS ON THEIR WEBSITE)