Unenforceable credit agreement

spa_doctor

Hi all,

I have now had one of my credit cards deemed by the court as unenforceable, great i though! :j

only, where does this now leave me?
the Debt is still there and owing, only the lender can't take me to court now, big cheese, i can still get a bad credit reference as non payment will go down on my record and late or non payment....

what's my next step?
i see many people are asking is it a scam etc, the company i used managed to get one of my cards through (Alliance and Leicester MBNA) but not another (MINT)

can anyone help, has anyone got an unenforceable card they are not now paying???

[Deleted User]

Basically, you now live without credit for the next 6 years or so. Or at least, any credit outside of the sub prime market.

As you say - great.

moonrakerz

spa_doctor wrote: »

only, where does this now leave me?

It leaves you as one of the large number of people who think they can run up debts by spending other people's money and then get out of repaying what they knowingly and wantonly spent.

Wait until you try and get a mortgage or further credit................

spa_doctor

moonrakerz wrote: »

It leaves you as one of the large number of people who think they can run up debts by spending other people's money and then get out of repaying what they knowingly and wantonly spent.

Wait until you try and get a mortgage or further credit................

i have been paying repayments on my card for the last 8 years, never missing a payment, the unenforceability idea came along and thought if i have to play by the rules, then so do the banks...

i may carry on paying my repayments, but wanted to hear from anyone else in the same boat.

CannotFindHelp

spa_doctor wrote: »

i have been paying repayments on my card for the last 8 years, never missing a payment, the unenforceability idea came along and thought if i have to play by the rules, then so do the banks...

i may carry on paying my repayments, but wanted to hear from anyone else in the same boat.

I'm afraid all you will get here is abuse from people who will tell you how wrong you were to spend the money, run up the debts and abuse any kind of financial system

I do think that celebrating the fact your card is unenforceable hasn't helped your situation....

Gordon_Hose

What's your next step?

Well, you keep paying your debts. You openly admit the debt is yours, still there and owing. So why wouldn't you pay it?

onlypaddy

unenforcable debts are a way for people who can't afford to pay their debts to avoid being taken to court by the lender. The debt is still registered with CRA's and if you stop paying you will still get a default, so ruin your credit rating.

exel1966

spa_doctor wrote: »

Hi all,

I have now had one of my credit cards deemed by the court as unenforceable, great i though! :j

only, where does this now leave me?
the Debt is still there and owing, only the lender can't take me to court now, big cheese, i can still get a bad credit reference as non payment will go down on my record and late or non payment....

what's my next step?
i see many people are asking is it a scam etc, the company i used managed to get one of my cards through (Alliance and Leicester MBNA) but not another (MINT)

can anyone help, has anyone got an unenforceable card they are not now paying???

How about providing a few more details on how it was deemed unenforceable ? On what basis was the judgement made and in which court ?

st999

how about providing a few more details on how it was deemed unenforceable ?

And how much did it cost you?

spa_doctor

exel1966 wrote: »

How about providing a few more details on how it was deemed unenforceable ? On what basis was the judgement made and in which court ?

I used a company in Sale, Manchester called Red Star Financial Management.

The cost was £399 per case ( i had 2)

the lender could not provide an agreement within the time scale (they never bothered to even reply) this was asked for twice, then was judged at court.

KingElvis

Yep, you've got out of paying but the fun with your credit rating will now begin.

Good luck.