3 months, 2 weeks agoHere is a story that depicts ‘the tables turned against them’
In 2008, a particular Russian man named Dmitry was sifting through his junk mail when he came across a contract offer from his bank (Tinkoff bank).
The contract stated that he could apply for a credit card with only 13% interest rate. The 13% interest rates was written in large prints.
Any other person would instantly jump on such a mouth watering offer immediately and sign it.
Interestingly, Dmitry decided to read through the contents of the contract and to his astonishment he discovered the bank’s trickery. The contract stated that the interest rate was a staggering 45% with credit limits for the customer. Anybody that noticed this would have hissed and discarded the contract altogether, but Dmitry decided to pay them back in their own coin.
He scanned the documents on his computer and started to edit it.
He changed the interest rates to 0% without credit limits, he also stated that if the bank tries to change the terms written in the contract, they’ll have to pay him $90000 and if they try to terminate the contract, they’ll have to pay him $180000 .
He printed the documents, signed it and sent it to the bank.
He expected that the bank would just ignore the contract but astonishingly he received the signed and stamped aggrement a few days later, along with his brand new credit card.
He thus became the proud owner of the world’s best credit card.
He now had the legal rights to spend as he wanted without incurring interests.
He could have easily bought expensive cars and built mansions, but he decided to live normally and buy only the things he needs.
He used the card for 2 years until the bank suspected the loophole in 2010.
They attempted to terminate the contract outright without any payments, Dmitry then decided to sue them to court.
In Court the bank argued that they didn’t read the contents of the contract before they signed it, hence it should be considered invalid and nulled.
The judge said the contract cannot be considered invalid since it had the signatures of both parties, meaning they both agreed to the terms in the contract.
Dmitry had a resounding victory at court and the bank was forced to pay him a whopping $180000 to terminate the contract.
The tables turned against them and they were paid in their own coin.
Lesson: always read every contract documents carefully before signing it.
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