Russian Man Outwits Credit Card Company Using Its Own Tactics

TinkoffGenius. Via MSN:

Unhappy with the terms of an unsolicited credit card offer he received from online bank Tinkoff Credit Systems, Dmitry Agarkov scanned the document, wrote in his own terms and sent it through. The bank approved the contract without reading the amended fine print, unwittingly agreeing to a 0 percent interest rate, unlimited credit and no fees, as well as a stipulation that the bank pay steep fines for changing or canceling the contract.

Agarkov used the card for two years, but the bank ultimately canceled it and sued Agarkov for $1,363 in charges, interest and late-payment fees. A court ruled that, because of Agarkov’s no-fee, no-interest stipulation, he owed only his unpaid $575 balance. Now Agarkov is suing the bank for $727,000 for not honoring the contract’s terms, and the bank is hollering fraud.

“They signed the documents without looking. They said what usually their borrowers say in court: ‘We have not read it,’” Agarkov’s lawyer said.

  • Anarchy Pony

    Walks away from the courthouse, puts on sunglasses: “Always read the fine print, mother fuckers.”

    30 Upvotes. A personal best. Goddamn! Broke 41! I broke 50! It’s a X-mas miracle!

  • King Cobe


  • HasserVision

    Brilliant! I hope he wins!

  • Strongest Mustache

    lol this is awesome

  • Tanya Tate


  • BuzzCoastin

    I’d be surprised if Homeland credit contracts don’t allow a change of terms
    and Homeland laws are being reworked to eliminate other legal protections

  • Samuel David Johnson

    That is the funniest thing I’ve read all week 😀

  • BrainofJFK

    Fight the power!

  • janneMelin

    Nice to give them back of their own medicin! Good job!

  • Dingbert

    Your subversive tip o’ the day, which is very, very obviously not legal advice:

    You can do something even easier yourself. Always remember that your checks are contracts. Most companies just rubber stamp the area for endorsement before cashing. You can write anything you want above that. If they endorse it and cash it, that language is included in the contract.
    So, the next time you get a bill for something that you dispute, make the check out for less than the full amount and write “Payment in full” up there. Even if they don’t cash it, they usually can’t hold you for the debt unless they also return the check to you. Check your own state laws, of course, but I know of nowhere it doesn’t work.

    • Amy Lawhorn

      where exactly is it that I would write the “payment in full”??? I want to do this!

      • Dingbert

        Back of the check above where they would endorse it.

    • sunsmasher


      If this worked, everyone would be doing it by now….

      • Dingbert

        Well, like in the article, it only works when they sign without reading. But you don’t have to take my word for it. Give it a shot. You’ve got nothing to lose by trying.

  • rtb61

    Oddly enough the banks only defence is copyright infringement, not that the claimed copyright loss on the copy of contract will equal the amount lost for signing a contract they didn’t check.

  • Steve Dorsey

    Got to love this! GOTCHA! it is about time…

  • Jazzz

    Why didnt I think of that? 😛