Consumer Credit Act 1974 Unenforceable?

Just think about having £1,000's wiped clear from your Credit Card and/or Loan agreements, and then being in a position to start all over again. Wouldn't that be a weight off your mind, and no more stress?

Well, now it's possible as a whole host of credit card and loan organisations have discovered the consumer credit act 1974 unenforceable, and there are 1,000's of people with unenforceable credit agreements. And because of these invalid agreements, if you have more than £2,500 on a credit card or loan it is to wipe clear all the outstanding debt.

Unenforceable Consumer Credit Agreements Explained

Under strict consumer credit laws loan organisations who hand out any form of credit have to abide by a certain code of practice which is formed by the government regulated CCA 1974.

However, a lot of these organisations have not operated according to guidelines and 1000's of credit agreements issued before April 2007 which have lots of missing terms and as such the loan agreement can be proven to be invalid. In certain situations this means you can wipe all credit card debts or loan debts
and even legally recover back any loan payments, including any interest you paid.

For example, unfair terms in your consumer credit agreement could be:

• it doesn't show the credit charges
• the interest rate and whether it is likely to change during the agreement
• it doesn't have your signature
• it doesn't have a notice of cancellation (if it is a cancellable agreement)
• no specific details of the repayment schedule

The above are just a sample of the terms which if not included in the credit agreement can lead to an
invalid agreement. With so many paramters to know about our finance experts can help you cut through all the small print and let you know very quickly if you have a winnable case.

To learn more about unenforceable credit agreements and whether you could be helping to save lots of money and also reclaim lost interest, then don't delay any longer and complete the short Contact form above. And be be talking with a credit expert in minutes.

	"You may think that once you've signed a contract, it's legally binding, no matter what. But if the terms in the contract are judged to be unfair, you may not be bound by them."
	"The bill gives us the once-in-a-generation opportunity to prevent more people becoming trapped in grossly unfair credit deals."