Don't just take our word for it

Read 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."

"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."

Will processing an Unenforceable Credit Agreement claim affect my credit rating?

No, processing an unenforceable credit agreement claim will not affect your credit score. This is a legal proceeding and since you will be using a legal method in walking away from your contract, it won't not affect your credit score.

Of the many factors that affect a person's credit rating is not making timely repayments to the lender. In which case, the lender will report to the credit scoring agencies, thus affecting the credit score. When you make an unenforceable credit agreement claim, and if you win, it is not a matter of non-repayment anymore, its a matter of you legally canceling your agreement. Therefore, your lenders cannot report you as a non-repaying customer. Even if they do, you have your court ruling to protest against it.

In the unfortunate event of a lender resorting to unorthodox method and reporting you, all you have to do write to the credit scoring agency and ask them to amend their details.

Since you are walking away from your repayments using a legal method, means your creditors do not have the legal right to make you pay.