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iancrotty

Hi seen something today regarding a credit card loophole so looked it up and apparently its to do with credit cards taken out before april 2007 being unenforceable and being able to reclaim £1000s is this true and if so is it worth pursuing and is there anything in this forum that could help me any help wouuld be greatly appreciated

DarkConvict

You can't reclaim money due to it been unenforceable. Reclaiming money is a different matter.

There is reclaiming credit card charges over £12 - http://www.moneysavingexpert.com/reclaim/credit-card-charges

And reclaiming mis-sold PPI - http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance

I strongly urge you to read this first if you want to look at unenforceablity - Why should someone use CCA - http://forums.moneysavingexpert.com/showpost.html?p=33792503&postcount=47
Using CCA is a last resort. Failure to pay credit card debts WILL affect your credit file.

The only thing CCA is about is checking if a creditor (The bank) can get a CCJ against you for the debt. If they cannot, then they cannot "enforce" payment via use of the courts, i.e. Bailiffs.
However money is still owed, it is not written off.
Read this warning from the OFT about write off firms, CCA and enforceability is all the same thing - http://www.moneysavingexpert.com/news/loans/2010/01/oft-warning-over-debt-write-off-claims

If you want to pursue the CCA route, then read this - https://forums.moneysavingexpert.com/discussion/2532927

Flow charts of the process are hear in post #2 onwards - https://forums.moneysavingexpert.com/discussion/2305463

Wutang_2

iancrotty wrote: »

Hi seen something today regarding a credit card loophole so looked it up and apparently its to do with credit cards taken out before april 2007 being unenforceable and being able to reclaim £1000s is this true and if so is it worth pursuing and is there anything in this forum that could help me any help wouuld be greatly appreciated

there is also lots of advice on the pay-what-you-owe-back section, you'll probably not look for it but the gist is pay back what you owe.

Marisco

If you post up an SOA, there are many here that could help you cut down on expenditure, to free up some money to enable you to pay back your creditors.