In April 2007, modifications to the Consumer Credit Act (1974) came into force. The Consumer Credit Act (CCA) is the law that governs relations between lenders and borrowers in the UK, and the amendments made were designed to protect the consumer, including new provisions relating to unfair relationships between borrowers and lenders.
Payment Protection Insurance
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Unfair Credit Agreements
Did you know that your credit card or loan agreement could be proved to be completely unenforceable?
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Unfair and Unenforceable Credit Agreements
As a result of these modifications, you now have the grounds to actively pursue compensation from lenders with whom you have historical arrangements, on the basis that the lender has failed to comply with their obligations under the Act.
If your claim is successful, we will negotiate with the lender in an attempt to reduce or negate the outstanding balance. The savings on minimum repayments, as well as the capital balance could free up hundreds of pounds a month...
We provide full credit agreement review services to establish whether your credit agreements are enforceable or not.
What could make a credit agreement unenforceable?
- Misrepresentation of information
- Inaccurate wording
- Incorrect formatting
- Flawed terms and conditions
- Miscalculation of APRs and subsequent over-payment
- Failure to disclose charges
- Non-disclosure of commissions
What could be claimed back?
Depending on the conditions of each individual credit agreement, you may be entitled to claim the following:
- The value of any outstanding balance remaining against a credit agreement
- The value of historical credit balances (even if paid off)
- Compensation for interest charged throughout the life of the agreement
- Reimbursement of any charges paid throughout the duration of the agreement
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