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Posts Tagged ‘consumer credit law’

Some Solicitors specialise in Consumer Credit Law, possessing the necessary experience and resources to ensure that Clients unenforceable Credit Cards and Loan Agreements are written off by their Lenders. They will ensure that Clients Lenders do not contact their clients directly or register adverse credit information against them and that their Client obtains the very [...]

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Figures are already showing that a staggering number of credit agreements taken out prior to April 2007 are legally unenforceable.

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I want to tell you how a firm of Solicitors can now arrange for your Loan or Credit Card to be completely written off. Astonishingly around 80% of Loans and 70% of Credit Cards taken out before April 2007 do not need to be repaid and the outstanding balance must be written off by the Lenders

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Changes in the Consumer Credit Act 1974 has meant that debts can now be challenged in court and if they are deemed unfair the debts can be written off.

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A Panorama documentary to be broadcast tonight on BBC One reveals how growing numbers of people are escaping their consumer debts by finding flaws in the paperwork.

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As a nation we’ve racked up nearly £1.5 trillion of personal debt, and are increasingly falling behind with payments on our credit cards, overdrafts and bank loans.

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BBC Radio Four – Financial headache for lenders? We investigate claims that 70% of personal loan agreements may be unenforceable…

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Look Before You Lend! A Consumer Credit Act 1974 (“CCA”) agreement must state the amount of credit, the rate of interest, and the number, amount and frequency of repayments. If not, it is potentially unenforceable.

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Following the review of his credit agreement. Ian was informed that the agreement appeared to be flawed and therefore unenforceable, the next step is for the legal team to pursue a complete right off or substantial reduction in the debt.

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