|
Prior to April 2007 a large number of Credit Agreements were written incorrectly. This gives you the right to stop making repayments TEST YOUR
AGREEMENT
|
|||||||||
Home What is UCA (Unenforceable Credit Agreement)? What are the criteria? Can I make a claim myself? I am on debt management plan, can I claim? Is it a complicated process? Will it affect my credit rating? What if my lender changed their terms? Don't just take our word for itRead what the press is saying "The court said the loan agreement was unenforceable under the Consumer Credit Act after the original loan company had wrapped insurance payments into the debt and then added interest and penalty payments to the total" "The bill gives us the once-in-a-generation opportunity to prevent more people becoming trapped in grossly unfair credit deals." "There are undoubtedly thousands, if not millions, of other unfair loans out there still to be checked." |
This is not just a loophole to squeeze in some cash, this is exercising your rights.It is a government ruling for those who at one point or another took out a loan under pressure and are victims of extortion.
Credit companies have the duty of offering products to customers in a responsible manner and have to let customers know what they are getting into. According to Teresa Perchard of Citizens Advice,
If credit companies fail to comply with Consumer Credit Act and fail to let their customers know what they are being offered, such an agreement or credit contract can be seen as unenforceable; such creditors do not have the right to take a debtor or borrower to court for non-repayment. An Unfair Credit Agreement claim is based on this principle.
|
||||||||
© 2009 cancelmyloan.co.uk | Copyright Notice Cancel My Loan // UCA // Glossary Cancel My Loan refers exclusively to Kerobo Claims who are regulated by the Ministry of Justice in respect of Regulated Claims Management Activities - Registration is recorded on the website www.claimsregulation.gov.uk. Authorisation No. CRM13370. |