Am I paying an unenforceable loan or credit card?
How can I legally write off my loan or credit card?
Have I been mis-sold payment Protection Insurance?
If you have taken out a personal loan before April 2007 then there is a high possibility that that loan agreement or credit card is unenforceable.
Solicitors are working to make consumer credit act claims and to investigate if their clients have credit agreements, whether a loan or credit card, which may be unenforceable because of fundamental breaches of the Consumer Credit Act 1974.
The main reason why claimants can bring credit act claims is because credit agreements are being found unenforceable due to lenders failing to comply with sections of the Consumer Credit Act 1974, relating to improperly executed agreements. (The executed agreement is the initial credit agreement you signed.)
The credit agreement that you were provided with to sign must provide certain information and that information must be correct. The credit agreement has to state the total amount payable and the correct rate of interest payable on the credit. There are other requirements which must also be followed. Essentially though, where information is omitted or inaccurately displayed on the credit agreement, the credit or loan agrement is unenforceable.
Further if you were told that you had no option, or were just given a payment protection insurance policy (PPI) it was probably mis-sold to you and the mis selling of this product may also render the loan unenforceable.
Compensation claims Solicitors can provide you with specialist experience in dealing with regulated credit agreements. Each claim is individual and they will strive to provide you with the advice that is relevant to your needs; and to bring about the solution that you desire.
The Author is a huge fan of Write Off Unenforceable Loan and Credit Card Agreements
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