unenforceable credit cards

Jay01

Hi,

I have recently sent a letter to my bank requesting back my credit agreement formy credit card, this has now arrived. how can i now tell if it is unenforceable or not? without paying?

Cheers,

jay01

fermi

I've put this in it's own thread, so people can address just your question.

When did you take out the card?

stapeley

You have to be careful with banks and card debts . Some banks have been known to , when they suspect you of being unable to pay your card debt ,take the money from your bank account .

Jay01

I have seen a few compaines on the interent now offering these services. i myslef have requested my credit agreement from my credit card lender. How do i now establish if it is unenforceball or not?

Cheers

GeorgeUK

The credit card agreement should have the appropriate prescribed terms.
http://forums.moneysavingexpert.com/showpost.html?p=6815188&postcount=3

GeorgeUK

For a Credit Card

The Prescribed Terms are these

B Repayments
A term stating how the debtor is to discharge his obligations under the agreement to make the repayments, which may be expressed by reference to a combination of any of the following-
(a) Number of repayments;
(b) Amount of repayments;
(c) Frequency and timing of repayments;
(d) Dates of repayments;
(e) The manner in which any of the above may be determined; or in any other way, and any power of the creditor to vary what is payable.

C Rate of interest
A term stating the rate of interest to be applied to the credit issued under the agreement
D Credit limit
This may be a term or the manner in which it will be determined or that there is no credit limit.