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Nash v Paragon Finance plc
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Nash v Paragon Finance plc : ウィキペディア英語版
Nash v Paragon Finance plc

''Paragon Finance plc v Nash'' () (EWCA Civ 1466 ) is an English contract law case concerning unfair contract terms.
==Facts==
Paragon (t/a National Home Loans Corporation plc until 1997) was claiming possession from Mr and Mrs Nash in South Norwood for late mortgage repayments. Paragon’s rate of interest was variable at its discretion. The Bank of England lowered its interest rate. Paragon did not ‘pass on’ the lower rate. Nash claimed that they were being made to pay substantially over the market rate of interest for secured loans, and were unable to find another lender because they had fallen into arrears. Mr & Mrs Nash argued that the interest rates were extortionate under the Consumer Credit Act 1974 section 138 (grossly exorbitant, grossly contravenes principles of fair trading; regard had to prevailing interest rates and risk).

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