Unenforceable Credit Agreement Claims
It is not a scam. There are solicitors who have been working to make these claims work. Trouble is we are dealing with the law and the law is a flexible and fluid thing. There have been few cases in court and any wipe outs are kept secret by and large by the lenders insisting on a gagging clause.
What is it all about?
Due to their disregard for detailed clauses within the Consumer Credit Act, many lenders have been committing breaches of the act for seemingly minor but technically illegal faults. Agreements from before April 2007 are questionable.
Many lenders fail to keep copies of all credit card agreements and loans. If they do, they very often are not signed. Or they may fail to display the correct APR%. Furthermore, during the course of loan, the frequency with which interest payments are miscalculated is simply unbelievable. If any of these failings are found to apply to your loan or credit card then, quite simply, you stand a good chance of not having to make repayments.
WHAT TO DO NOW –
1. Look around and research as many claims companies as possible to find the best deal.
2. Be patient as it takes possibly years to see a claim through.
3. Keep your eye on the court results for new rulings which may affect you.
4. If you can’t afford the repayments send this letter to your creditors and a budget plan to come to a payment arrangement. This will stop the calls and letters.