High Court Judgment in Payday Lending Test Case ‘Kerrigan v Elevate’

The tall Court has handed down judgment in Kerrigan & 11 ors v Elevate Credit International Limited (t/a Sunny) (in administration) [2020] EWHC 2169 (Comm) today. This is actually the payday financing test instance litigation before HHJ Worster (sitting as a Judge of this High Court).

Twelve test Claims had been tried over one month in March 2020. The lending company ended up being represented by Ruth Bala and Robin Kingham of Gough Square.

Overview

The tall Court discovered that the Defendant (“D”) systemically breached the necessity under CONC chapter 5 to conduct a satisfactory creditworthiness evaluation, principally by failing continually to think about perhaps the customer’s repeat borrowing from D meant that the cumulative effectation of its loans adversely affected the customer’s financial predicament. […]