FAQ
What is an unenforceable Credit/Loan Agreement?
The main reason an agreement would be unenforceable would be something wrong with the way the agreement had been written but even if there are no flaws in an agreement it may be possible to claim due to “Unfair Relationships” this would depend on your circumstances at the time, things like how many credit cards you have at the time or did you have loans in existence when your agreement was signed and if you were in a position to repay everything could be taken in to consideration. If an agreement is deemed to be unenforceable it would not be necessary to pay any outstanding balance
Can I reclaim all of my previous Payments?
If your agreement is unenforceable the outstanding balance will be written off, with regards to previous payments this would depend on which aspect of the Consumer Credit Act your lender has not complied with, in many cases previous payments may be reclaimed.
Will the lender try to take me to court?
No they will not because it is the lender who hasn’t complied with the law not yourself, you are only exercising your consumer rights. Our solicitors will deal with the lenders directly, if your lender tries to contact you it is not necessary to engage in conversation with them, merely direct them to the solicitors.
Can I stop making repayments once your solicitors have taken on my case?
If you want to keep your credit rating the same as it was before you commenced the claim you must continue to make the repayments until you receive written confirmation telling you to stop making the repayments.
