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"A Liverpool taxi driver, Mike Parry, has successfully challenged late payment fees charged on a loan.

A court in Liverpool has forced Close Premium Finance to repay him £502, including interest and costs.

Close had charged him an extra £30, on eight occasions, when he failed to make his regular repayments to the firm.

Close said it believed the court's decision was "founded on an administrative error" and would try to get the decision set aside.

But Mr Parry said: "I feel on top of the world."

"It's not a large amount of money, it was the principle of it," he added.

If any challenge to the court decision is unsuccessful, it could open the way for many other people to try to reclaim late payment charges they have had to pay on personal loans."

Full BBC article by Ian Pollock:

Mike Parry's thread on the Consumer Action Group forum

Full article explaining the basis for this claim