Unenforceable Credit Agreements

tommo635

I've heard that it could possibly have something to do with the amount of decimal places that the interest rate was illustrated as...

That is should maybe be 3 instead of 2 decimal places.

Anyone any ideas?

ILW

tommo635 wrote: »

I've heard that it could possibly have something to do with the amount of decimal places that the interest rate was illustrated as...

That is should maybe be 3 instead of 2 decimal places.

Anyone any ideas?

I think you will find that if you signed the agreement on a thursday whilst wearing a green tie and standing on one leg with your left hand fingers crossed then the loan should be written off.
The other option may be to pay what you owe, but that is probably a bit far fetched.

natweststaffmember

ILW wrote: »

I think you will find that if you signed the agreement on a thursday whilst wearing a green tie and standing on one leg with your left hand fingers crossed then the loan should be written off.
The other option may be to pay what you owe, but that is probably a bit far fetched.

sarky git

Calvinandhobbs

ILW wrote: »

The other option may be to pay what you owe, but that is probably a bit far fetched.

Why on earth should people be responsible for their own expenditure?? What a ridiculous suggestion, I demand an apology

natweststaffmember

Calvinandhobbs wrote: »

Why on earth should people be responsible for their own expenditure?? What a ridiculous suggestion, I demand an apology

what is this, Laurel and Hardy

ILW

natweststaffmember wrote: »

sarky git

Think I'd like to change my user name to that, wonder if its been had yet?

Are all the inhabitants of the Isle of Sark gits?

pippin49

LoL Did you seriously expect a loan company to make mistakes in the contract. They have been in business for years. Any loopholes were fixed ages ago. Would steer clear of this offer. Somewhere down the line a * pre approval* offer will appear. You would be asked to send £25 upwards to proceed with your claim. It's a scam mate, avoid it.

Orford

Did you seriously expect a loan company to make mistakes in the contract.

That's just the point, they do

They have been in business for years.

And they got sloppy and lazy

Any loopholes were fixed ages ago.

Only since April 2007, prior to that many agreements are unenforceable.

rosemahairy

Hi
I wrote to a debt agency who own the debt from many years ago i owed to littlewoods catalogue. I have been paying them a few quid a month to repay the debt for about 8years. I wrote and asked for a copy of the original agreement and details of the final balance. They have replied saying they have lost the original agreement but they sent me what it would have looked like!!! They cannot prove what the balance was or where the balance they say i still owe comes from, they said themselves they have lost paperwork!. I believe it should be well paid off now. What should i reply saying? How can i ensure it doesnt go bad on my credit rating? I dont want to pay them any more it should be all cleared but i cant prove its paid off any they cant prove it isnt. where do i stand?
Please help

esmerellda

Send them a Subject access request for your account history. The Littlewoods default will probably have dropped off your credit file after 8 years. Yes you can stop paying them if there is no agreement and you should write and tell them in the absence of the original agreement you won't be paying any more. But I would still check with the SAR how much you have paid off and what the debt stand at now.

Who are the debt collectors?