Credit cards taken out before April 2007

missorange

I have been told that Credit card agreements must comply with the Consumer Credit Act 1974. If your agreement with the provider does not comply, then the outstanding balance could be 'written off' as is classed as unenforceable. Can any one tell me more about this, i.e if it is true/ possible/success rate etc... any advice welcome as I have been put in touch with a claims company via my new loan company who have told that they may be able to get all my credit cards written off.

Thanks in advance.

I_luv_cats

http://news.bbc.co.uk/1/hi/business/7952856.stm

You know you owe the money so a bit dubious.

Idiophreak

Hate to be *that guy* - but unless you've got good reason not to, I can't imagine why anyone would want their credit card written off. Legal or not, I'd feel I'd stolen all the stuff I'd bought with it...

Robert_Sterling

missorange wrote: »

I have been told that Credit card agreements must comply with the Consumer Credit Act 1974. If your agreement with the provider does not comply, then the outstanding balance could be 'written off' as is classed as unenforceable..

This is the first time I have heard of this.
Thanks for the tip.

never-in-doubt

Robert_Sterling wrote: »

This is the first time I have heard of this.
Thanks for the tip.

LOL, you old cynic you