KPN deletes deals with ‘usury’ on site after complaint Consumers

Jul

29

2016

After summation of the Consumers KPN has several offers for mobile phone subscribers in conjunction with a smartphone of its site deleted in connection with the calculation of high interest rates and the omission of lending.

KPN received criticism earlier this year of “mass claim specialist” Consumers Claim. The claim now stated that KPN uses so-called usury. The interest on the purchase price of a phone should not be higher than 14 percent, composed of the statutory rate of 2 percent and a maximum of 12 percent for the provider. After the summation of the Consumers Thursday morning KPN has several offers adapted to its website, writes the NIS.

The Consumers Association cites as an example the Carefree Standard subscription which costs a Samsung Galaxy A3 264 euro in combination with a two-year subscription of 49 euros per month actually 396 euros. The phone will cost 16.50 per month, giving an effective rate of 50 percent. The telecom company said after the previous allegation that it is working on the implementation of the Act on Financial Supervision or FSA, but it costs the deployment time associated with modifying the underlying systems.

The Consumers now have the ‘forces beaten “with Consumers Claim to demand that KPN tariffs for existing customers leave in line with the rules. KPN does not respond in time, the steps organizations to court.

Phones sold with a mobile subscription, fall means under the Act on Financial Supervision and the purchase of such a plan in conjunction with a phone that the phone is purchased through hire purchase. With a repayment hear an interest rate that can not rise above 14 percent. Also, telecom providers since the decision of the Supreme Court required to credit customers’ keys at the BKR.

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