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.
PartiesBudget Loans Limited and Evolution Finance Limited
