Budget Loans Limited and Evolution Finance Limited

In May 2018, Finance companies Budget Loans Limited and Evolution Finance Limited were fined $720,000 in the Auckland District Court on 125 charges under the Fair Trading Act. They were also ordered to pay a total of $53,000 emotional harm reparations to nine victims, and approximately $41,000 in refunds and credits to borrowers. In February 2019, the High Court dismissed the companies’ appeal against sentence.
  • 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