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Compensatory Rate Of Interest

Compensatory Rate Of Interest

Cs sought interest that is statutory the contractual price charged by D (29% every month); the Judge rejected Cs’ first rationale (that this is the price C needed to spend to borrow cash) and stated this method should really be limited to commercial instances.

224: Cs’ second argument was that Cs could have used the surplus funds to settle other HCST loans – there could be more merit to this argument see web site, however it is better explored regarding the facts of a case that is particular.

Comprehensive judgment text available right right here: Kerrigan v Elevate

Overview by Ruth Bala, counsel for the creditor.

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