CCA letter for unenforceable loans

carol01

mabski wrote: »

How could they prove it was a true copy without having the original signed copy to go off
the requirement for a true copy only applies when you ask for a copy under the cca the original must be produced in court if a judge has overuled this he should be sacked immediately as it gives anyone the right to write up imaginary agreements and then have them enforced through the courts.
it makes a mockery of the legal system

i agree 100% with you

_Andy_

Oh joy, the weekly pro/anti unenforceable loans argument thread. I predict 3 pages of bickering.

R0bert_Sterling

They should bring a new law in..

People who take out a loan have to produce the copy of the credit agreement they had when they took out the loan.

Failure to produce it.... the repayments start all over again and NEVER again be allowed any type of loan or mortgage... after all, they have demonstrated complete financial buffoonery.

nickro59

R0bert_Sterling wrote: »

They should bring a new law in..

People who take out a loan have to produce the copy of the credit agreement they had when they took out the loan.

Failure to produce it.... the repayments start all over again and NEVER again be allowed any type of loan or mortgage... after all, they have demonstrated complete financial buffoonery.

How about a new law also that prevents creditors from obtaining a charging order on an unsecured loan. They knew the risks when they lent the money without security.

R0bert_Sterling

nickro59 wrote: »

They knew the risks when they lent the money without security.

That's correct, but I'm sure the sheer numbers of idiots who simply do not see WHY they should repay the money they happily spent has taken most of us by surprise.

In what kind of dysfunctional background were they bought up in where it was taught to borrow money, then tell the lender to "Do One"??

The minority of genuine cases have been completely swamped by the retards jumping on the bandwagon.... it's almost the norm now to:

1. Borrow money -
2. Spend the lot -
3. Whinge about how you were wronged and should be supported in not paying it back.

stebiz

R0bert_Sterling wrote: »

That's correct, but I'm sure the sheer numbers of idiots who simply do not see WHY they should repay the money they happily spent has taken most of us by surprise.

In what kind of dysfunctional background were they bought up in where it was taught to borrow money, then tell the lender to "Do One"??

The minority of genuine cases have been completely swamped by the retards jumping on the bandwagon.... it's almost the norm now to:

1. Borrow money -
2. Spend the lot -
3. Whinge about how you were wronged and should be supported in not paying it back.

Don't agree mate. The 'retards' (you could have thought of a less offensive word) were in the bank writing out the Consumer Credit Agreements. I don't blame anybody having them made unenforecable. I have had a 11 written off. Owe nothing at all now. All down to their stupidity. Sleep at night?? Too right.

dmg24

stebiz wrote: »

Don't agree mate. The 'retards' (you could have thought of a less offensive word) were in the bank writing out the Consumer Credit Agreements. I don't blame anybody having them made unenforecable. I have had a 11 written off. Owe nothing at all now. All down to their stupidity. Sleep at night?? Too right.

Wowzers ... Your children must be so proud of you. Perhaps next time you are moaning about the NHS you could ask them to find your backbone - you appear to be spineless?

mabski

why spineless?
i'd say the spineless ones are those who pay off debts which are not legally binding because they think they have some missplaced moral obligation to the banks(who would quite happily make you homeless if they thought they could make an extra few quid) or because they are too scared of damaging their precious credit files.
in fact i'd say those who use the law to avoid paying their debts are doing a public service by making the banks produce compliant agreements.

stebiz

dmg24 wrote: »

Wowzers ... Your children must be so proud of you. Perhaps next time you are moaning about the NHS you could ask them to find your backbone - you appear to be spineless?

Firstly what has hell as unenforeceable agreements got to do with the NHS? Secondly what has it got to do with my kids being proud of me?

I had agreements with certain financial organisations which down to either 'ignorance' or down right 'stupidness' were written up unlawfully and broke the Consumer Credit Act 1974. I had a choice. I could sell one of my houses and pay it off, or I could use the law of this land to have them made unenforceable. I chose the latter!! In the meantime if you have credit cards pre 2007, and continue to pay them, that is your prerogative. I wouldn't call you spineless. Plain stupid yes, but not spineless. I hope your kids are proud of you;)

(and for those reading, dmg24 has had previous for having a go at me on other matters as she thinks she holds the high ground on pretty well everything she does)

R0bert_Sterling

stebiz wrote: »

I had agreements with certain financial organisations which down to either 'ignorance' or down right 'stupidness' were written up unlawfully and broke the Consumer Credit Act 1974.

I had a choice. I could sell one of my houses and pay it off, or I could use the law of this land to have them made unenforceable.

This is the crux of the matter....

You give no detail but isn't it safe to assume you applied for a loan of some kind, in fact, it seems you applied for several loans.

You went online or in branch and specifically requested they give you wads of cash.
You filled out all the forms, you convinced them you are a good risk.

You convinced them you could repay the money you were asking for.

So off you go happily investing/spending/partying (whatever) the money they lent you.


But now all of a sudden, you decide it's all too much and there is a loop hole to exploit. You feel you are the victim in all this.
The banks shouldn't have lent you the money, the must have known you couldn't repay.
The banks are all evil, they made you spend all the money.
The banks are cruel to put you in default when you stopped repaying.


The position you found yourself in was your own doing. You COULD have protected your repayments through insurance.

Somehow you feel proud of your achievements whereas my original comment about retard was entirely more appropriate.

Never has an avatar been so at odds with a poster.

As for kids being proud..... I simply hope you haven't got any. Lets hope this attitude of yours dies with you..