Free Unenforceable Credit Agreement Service?

kelloggs36

Why do you think that your credit cards are unenforceable?

ElkyElky

Cemeteryjunction64 wrote: »

Actually I could do with shedding a few pounds – do you know of anyone that does these bands on a no-lose no-fee basis?;)

LOL. Those companies are a con. You can do it yourself for free! Well... for the price of an elastic band and some black market local anaesthetic.

Cemeteryjunction64

savagej wrote: »

I believe you point out the law to the judge and they make the decision, not the lender. An agreement is either enforceable for not enforceable, there is no middle ground.

As I understood it, a lot the cases that have gone through have been to do with a breach of what is called a “prescribed term”. The definition of a prescribed term seems pretty clear but the definition of a “breach” I thought was still open to some interpretation? Wasn’t the Walker case an example of that?

never-in-doubt

Cemeteryjunction64 wrote: »

As I understood it, a lot the cases that have gone through have been to do with a breach of what is called a “prescribed term”. The definition of a prescribed term seems pretty clear but the definition of a “breach” I thought was still open to some interpretation? Wasn’t the Walker case an example of that?

Hiya

Did you read this link? It shows you the prescribed terms and what to look for etc!

http://forums.moneysavingexpert.com/showthread.html?t=1868507

never-in-doubt

ElkyElky wrote: »

LOL. Those companies are a con. You can do it yourself for free! Well... for the price of an elastic band and some black market local anaesthetic.

plus the cost of envelope hahaha :beer: :beer: :beer:

Cemeteryjunction64

kelloggs36 wrote: »

Why do you think that your credit cards are unenforceable?

From what I understand, some lenders have not stated charges correctly e.g. if it has loan insurance shouldn’t that be included in the APR? Another example is where lenders have applied interest to a charge – I gather there was a ruling on this earlier in the year. Thing is how do you go about checking these figures?

never-in-doubt

Cemeteryjunction64 wrote: »

From what I understand, some lenders have not stated charges correctly e.g. if it has loan insurance shouldn’t that be included in the APR? Another example is where lenders have applied interest to a charge – I gather there was a ruling on this earlier in the year. Thing is how do you go about checking these figures?

Hiya

Try posting here for advice relating to reclaiming PPI etc - will be better than over here plus you'll get less !!!!!! from the self richeous preachers.

http://forums.moneysavingexpert.com/forumdisplay.html?f=169

Good Luck.

Cemeteryjunction64

Thanks I have now posted under PPI. Thing is beyond asking for a copy of the agreement (the link to unenforceable letters etc.. is excellent by the way) and responding when the lender cannot produce a true copy, there seems to be a lack of info i.e. analysing agreement figures to determine if they breach the regs and how multiple claims for PPI and unenforceable should be run.

Budner

Cemeteryjunction64 wrote: »

I would really appreciate some advice. I have a loan and a couple of credit-cards which I want to check to see if they are enforceable or not. I have no intention of paying a firm my hard-earned cash to do this.

But you have every intention of trying to weasel out of paying the lender back their hard earned cash!!!!!! You are vermin, a leech. Pay what you owe or don't borrow

Cemeteryjunction64

One of the agreements has PPI and it wasn’t optional.

Back in February 2000, the OFT published “Discounted APRs and PPI” and stated that where PPI is not optional lenders must factor it into the Total Cost of Credit and APR. That was them reaffirming what was already known and stated under the Consumer Credit Act 1974. Surely after that there could be no room for misinterpretation of what the actual regulations were?

Well funnily enough, I took an agreement out in 2005, 26 years after the Consumer Credit Act was introduced and 5 years after the OFT clarified the position regarding APR calculations. And guess what, the PPI wasn’t optional and it wasn’t included in the APR calculations!

The only reason that banks were abusing the APR system was to disguise the extortionate amount that they were charging customers for an insurance they often didn’t want in the first place.

The fact that they have blatantly abused the system is a reflection on them not me. I intend to get even. And I will use the law to do that, not break the law as the bank has.
Anyway lifes too short, have a nice bank holiday weekend all :beer: