it is our opinion that the vast majority of credit agreements coming into our business are unenforceable because they fail to comply with the prescribed terms, as set out in the Consumer Credit Act 1974 (CCA ’74). Credit agreements may be unenforceable if:
There are other situations where a consumer credit agreement can be challenged, which is why a detailed analysis is made on each individual case and an agreed debt reduction programme is discussed with you before contact is made with creditors.
Some people believe it is wrong to use the CCA ’74 technicalities as a means of assisting debtors in avoiding payments. One of the main themes to the Consumer Credit Act is that there is openness and honesty in lending. If these principals are to be pursued it is necessary that the options arising from the CCA ’74 rights, obligations and irregularities can be identified and, if necessary, challenged.
Providing the loan is regulated under the Consumer Credit Act, we can assist you in challenging the agreement if it falls into one of the categories of unenforceable agreements listed above.
If you require further advice on unenforceable agreements before using our service please call us on the free helpline below.