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CCA's on flexible loans - is it possible to challenge their enforceability???

lloydjones
lloydjones Posts: 59 Forumite
in Debt-free wannabe
Hi. I have a Cahoot Flexible Loan with a crazy interest rate of 26.9%!!! I have asked a solicitor to send for my CCA to see if the loan is enforceable. The solicitor has received the CCA but says they cannot challenge the loan as the APR is flexible. Is there anything else I may be able to challenge? Has anyone else managed to challenge their flexible loan's enforceability? Thanks.
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Comments

  • 10past6
    10past6 Posts: 4,962 Forumite
    This solicitor, are you paying them a fee?

    Are they an "Specialist" in Consumer Law?

    Just because someone has a title as a solictor, does not mean they're a specialist in every aspect of law.
    Click here for Martins (MSE) advice on who to contact with Debt Issues - YOU HAVE NO REASON TO USE A FEE PAYING DEBT MANAGEMENT COMPANY- THEY CANNOT DO ANYMORE FOR YOU THAN THOSE LISTED IN MY LINK ABOVE.

    All information given by myself is offered informally and without prejudice - if in doubt seek help from a qualified and insured professional
  • lloydjones
    lloydjones Posts: 59 Forumite
    No fee as they say they cannot challenge the loans CCA. Yes they are a specialist from Eastleys in Paignton.
  • 10past6
    10past6 Posts: 4,962 Forumite
    Good news that you're not being charged.
    Click here for Martins (MSE) advice on who to contact with Debt Issues - YOU HAVE NO REASON TO USE A FEE PAYING DEBT MANAGEMENT COMPANY- THEY CANNOT DO ANYMORE FOR YOU THAN THOSE LISTED IN MY LINK ABOVE.

    All information given by myself is offered informally and without prejudice - if in doubt seek help from a qualified and insured professional
  • lloydjones
    lloydjones Posts: 59 Forumite
    Are there any other recommended companies out there which perform these CCA services? If so, who?
  • lloydjones
    lloydjones Posts: 59 Forumite
    bump to the top
  • 10past6
    10past6 Posts: 4,962 Forumite
    lloydjones wrote: »
    Are there any other recommended companies out there which perform these CCA services?
    This site will NOT promote any company that charges a fee when assisting debtors.

    You can get all the help you need on here

    FREE!! ;)
    Click here for Martins (MSE) advice on who to contact with Debt Issues - YOU HAVE NO REASON TO USE A FEE PAYING DEBT MANAGEMENT COMPANY- THEY CANNOT DO ANYMORE FOR YOU THAN THOSE LISTED IN MY LINK ABOVE.

    All information given by myself is offered informally and without prejudice - if in doubt seek help from a qualified and insured professional
  • RAS
    RAS Posts: 36,206 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    lloydjones wrote: »
    The solicitor has received the CCA but says they cannot challenge the loan as the APR is flexible.

    Confused

    The flexibility of the APr has nothing to do with the acceptability of the CCA.

    Does the CCA contain the other prescribed terms?
    If you've have not made a mistake, you've made nothing
  • lloydjones
    lloydjones Posts: 59 Forumite
    I dont know if it contains the other prescribed terms? Seems like the solicitor is pretty clueless to me!?

    Shall I send for the CCA myself? Can someone link to the letter I need please.
  • 10past6
    10past6 Posts: 4,962 Forumite
    lloydjones wrote: »
    Yes they are a specialist from Eastleys in Paignton.
    lloydjones wrote: »
    The solicitor has received the CCA

    One wonder's what they specialise in.

    Who has this alledged CCA, you or the solicitor?
    Click here for Martins (MSE) advice on who to contact with Debt Issues - YOU HAVE NO REASON TO USE A FEE PAYING DEBT MANAGEMENT COMPANY- THEY CANNOT DO ANYMORE FOR YOU THAN THOSE LISTED IN MY LINK ABOVE.

    All information given by myself is offered informally and without prejudice - if in doubt seek help from a qualified and insured professional
  • lloydjones
    lloydjones Posts: 59 Forumite
    The solicitor currently has the CCA. I will get them to forward it to me asap. Will someone on here be able to check its enforceability for me???
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