Budget Loans Limited and Evolution Finance Limited

Budget Loans Limited and Evolution Finance Limited have been found guilty in the Auckland District Court on 106 charges under the Fair Trading Act 1986. The companies were found guilty of representations made to 18 borrowers while enforcing loan contracts. the Commission filed 125 charges against Budget Loans and Evolution Finance. The District Court ruled that 19 charges should be dismissed. On appeal the High Court has found that the companies have a case to answer on these charges and they have been remitted to the District Court for consideration. The High Court has also dismissed the companies appeal against its conviction on the other 106 charges.
  • 08 Feb 2019
  • 30 May 2018
  • 11 Apr 2017

    COMPLETED

    Date opened

  • 11 Apr 2017
  • 11 Apr 2017

    COMPLETED

    Date closed

  • 04 Jul 2016
  • 01 Jul 2016