Unenforceable Credit Agreements

PROLIANT

bert&ernie wrote: »

Where do you stand on Noah's predicament? The credit related one that is, rather than the whole ark thing,

Bert, I am tired and going to bed now, however I will have a look at the post in more detail tomorrow at work over a cup of coffee and a fox's classic.
Good night and no doubt I will catch up with you tomorrow.

bert&ernie

PROLIANT wrote: »

Bert, I am tired and going to bed now, however I will have a look at the post in more detail tomorrow at work over a cup of coffee and a fox's classic.
Good night and no doubt I will catch up with you tomorrow.

I'm more a tea and hobnob man myself. Any thoughts yet?

PROLIANT

bert&ernie wrote: »

I'm more a tea and hobnob man myself. Any thoughts yet?

Sorry, had a busy day at Utopia, just sat down so I will have a gander in a few minutes.

PROLIANT

noah271007 wrote: »

This is a very interesting thread here!

I am not looking to take advantage of the so called loophole in getting debts written off because of incorrect or lack of CCA agreement. I am a better person than that. It is not fair on everyone as far i am concerned. I do wholly agree with Proliant's comments that you should pay back what you owe, no if or buts!!

However, I have not seen anyone mentioning that after the debt has been PAID BCK IN FULL and SETTLED, is it possible to get the creditors who have not found CCA agreement/incorrect paperwork to get them remove data from credit ref agencies? This would be very useful for those who have adverse data (late payments etc) and want to clean up their credit files.

I do have some late payments going back 2005 (account settled 2007), and like to have the data removed from CRAs on the basis there is no CCA agreement or incorrect paperwork.

This seems to be an ideal solution, as in the example i just made, the creditors will not write off debts owed by debtors... it is all to do with whether the CCA agreement is valid for the data to be held by CRA's.

Any advice would be great.

Ok, when a lender searches your file, typically only the last 3 years is taken in to consideration with regard to payment history, as for defaults - well they are like an STI, they will not go away unless treated.
I can't comment any further on this subject.

Regards

Pro

eloma

thriftymomma wrote: »

Search the forums for CCA requests. That should find you the info you need x

How did you get Halifax to reduce your interest Thrifty Momma

Do you, like, just phone and ask them and they just agree.. Is there any argument that works with them. Thanks to your advice, I might try that

Cheers

Sunil

SuperSeagull

The more that I read this the more I become confused. I have EPA for my mother who has had credit cards etc for 30+ years I have claimed that she is unable to pay the full amount each month and sent off financial statements etc and as a result she is paying a nominal amount each month to each card. She will never clear the balance unless she lives another 184 years or so. Is this thread saying that I could get a copy of the CCA and possibly not even pay this nominal amount each month or even reduce it. At her age her credit rating means nothing to her as she will never want more credit.

nzseries1

Please see this thread, where this question has been discussed to death:
http://forums.moneysavingexpert.com/showthread.html?t=1400177

johnllew

Spam - reported.

Church_mouse_4

In our local paper is an advertisement from a local FSA. It reads:
'If you have a credit card or unsecured loan you must read on....

In many cases credit cards and personal loans taken out between 1990 and 6th April 2007 can be legally challenged and could be proven to be invalid and unenforceable under the Consumer Credit Act. Basically what this means is that if your credit card or unsecured personal loan was taken out before April 6th 2007, there's a very good chance that you can wipe out that debt, legally and without affecting your credit rating. With no more payments or balance owing and no footprint left behind. Imagine how it would feel to be rid of this debt.'

.....Hmm, comments please. What is this all about?

cifpower

http://forums.moneysavingexpert.com/showthread.html?t=1400177

but then I go by the old maxim "pay what you owe"