Well, as a result of these missing particulars on financial contracts issued before the 6th April 2007, it is possible to make a claim against your existing financial contracts.
By undertaking an ‘audit’ of the agreements we can identify exactly what, if any, breaches exist on your actual agreement compared to the requirements as prescribed in the Consumer Credit Act 1974.
Should breaches exist then you may be able to claim that the contract is ‘unfair’ and this in turn may have the outcome of finding the contract ‘irredeemably unenforceable’. Ultimately, this could mean that your debt has to be written off by the lender.
The following types of financial agreement can be challenged,
• Secured Loans
• Unsecured Loans
• Car Loans/Finance
• Consolidation Loans
• Hire Purchase Agreements
• Credit & Store Cards
Approximately 50 million Credit Agreements are created in the UK each year; we believe that well over 35 million of the agreements created before April 2007 could be unenforceable.
You keep 100% of any final settlement plus interest. You will also get to keep any goods or services already purchased. |
