How long are loans valid

Anihilator

mabski wrote: »

wutang you must be something really special
i've heard of people talking out of their !!!! but typing now thats a neat trick

Please provide one legal case were a court deemed a credit agreement uneforcable and the loan was simply written off with no prejudice or financial loss to the applicant.

mabski

Oh hang on i'l just access the court database and pull everyones records
or you could get yourself over to cag and see all the sucesses for yourself.
Most companies wont even bother taking people to court when they know they dont have a valid agreement as they know they would lose.

immoral_angeluk

Mabski, I'm echoing what everyone else is saying here, you've got your facts mixed up. There is no magic get out clause if you claim an unenforcable CCA. Only in very rare circumstances would someone be able to argue a CCA is unenforcable but even there has been a recent ruling (I can't find the exact info right now) which states that creditors now only have to provide a true copy of the agreement, correcting the original information and it would stand up in court.

OP, loans are 'valid' so long as the debt is owed and being repaid. If you have been making token payments the limitation act will not apply so unless you go down formal insolvency or pay off the debts, they will remain until repaid.

immoral_angeluk

mabski wrote: »

Oh hang on i'l just access the court database and pull everyones records
or you could get yourself over to cag and see all the sucesses for yourself.
Most companies wont even bother taking people to court when they know they dont have a valid agreement as they know they would lose.

No, some will do a settlement as a 'gesture of goodwill' because they can't be bothered with the hassle of going to court, after all, they can afford it.

~Brock~

mabski wrote: »

Oh hang on i'l just access the court database and pull everyones records
or you could get yourself over to cag and see all the sucesses for yourself.
Most companies wont even bother taking people to court when they know they dont have a valid agreement as they know they would lose.

CAG is funny.

Its like a bunch of nutters having a punch up in the corner of a pub - you know its going on but also know that the best thing is not to get involved.

immoral_angeluk

~Brock~ wrote: »

CAG is funny.

Its like a bunch of nutters having a punch up in the corner of a pub - you know its going on but also know that the best thing is not to get involved.

:rotfl::rotfl::rotfl:I always imagined them storming around with flaming torches weilding default notices and CCAs..

~Brock~

immoral_angeluk wrote: »

:rotfl::rotfl::rotfl:I always imagined them storming around with flaming torches weilding default notices and CCAs..

INFIDEL. UNBELIEVER. BURN HER !!!:money:

immoral_angeluk

~Brock~ wrote: »

INFIDEL. UNBELIEVER. BURN HER !!!:money:

I'm not an infidel... I'm a realist damn it.. :rotfl::rotfl:

*hides*

mabski

immoral_angeluk wrote: »

Mabski, I'm echoing what everyone else is saying here, you've got your facts mixed up. There is no magic get out clause if you claim an unenforcable CCA. Only in very rare circumstances would someone be able to argue a CCA is unenforcable but even there has been a recent ruling (I can't find the exact info right now) which states that creditors now only have to provide a true copy of the agreement, correcting the original information and it would stand up in court.

OP, loans are 'valid' so long as the debt is owed and being repaid. If you have been making token payments the limitation act will not apply so unless you go down formal insolvency or pay off the debts, they will remain until repaid.

No im afraid its you who have got things mixed up.
agreed the requirement in a cca request is for a true copy which does not need a signature but it must be a true copy not some latest t&c's and a copy of a apllication form which is all most companies are able to produce. The original signed copy must be produced in any court procedings .
Pre 2004 most agreements do not comply with the cca as judged by the house of lords ruling in 2004 so even if they do have a signed agreement it is unlikely to adhere to the prescribed terms as set out by that ruling.
There are so many ways to rip apart a pre 2004 credit agreement thats its quite funny to read what you lot have posted .

Wutang_2

mabski wrote: »

There are so many ways to rip apart a pre 2004 credit agreement thats its quite funny to read what you lot have posted .

Did you spill some of your spaghetti hoops whilst writing this?