Users claim the nullity of the contract based on the Usury Law

Since August, 300 Asturians have filed lawsuits for usury in cards and bank loans known as "revolving." They are lines of credit granted to a client for a certain time and with an established limit.

These users claim the nullity of the contract based on the Usury Law of 1908 and the Supreme Court ruling of 2015, which understood that the interest rate of this product is well above the average rate of consumer credit operations that the Bank of Spain establishes between 7 and 10%.

Consequently, the High Court considered usury and the contract void.

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