This woman pawned her car to First County Trust for
i.e. it was collateral for a loan
This was a contract case about the terms of the loan – had they been made clear and fully agreed? Was the creditor being unfair?
Went to the House of Lords.
The defendants said that the Consumer Credit Act 1974 was incompatible with the ECHR
The Lords ruled that they were wrong
TThe 1974 was proportionate in balancing the rights of lenders and borrowers. This was because of the GBP 5000 limit