Matthew Bradley in successful Consumer Credit Act unfair relationships challenge

There are relatively few reported decisions involving a successful challenge under the unfair relationships provisions of the Consumer Credit Act 1974.  Pilgrim Rock Ltd v Iwaniuk is now reported in Goode’s Consumer Credit Reports at [2017] GCCR 15027.  Matthew Bradley appeared for the debtor in this decision, in which the creditor’s contractual entitlement to interest of £1,541,000 was reduced by the Court to £195,117.  The judgment is of interest for its finding that a relationship between a creditor company and a debtor may be unfair under CCA 1974, s 140A(2) by reason of acts of an individual undertaken on behalf of the company, even if the individual is not the beneficial owner, director or associate of the company. Click here to see a copy of the decision.