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Loan agreement signature and DCA's
Hi,
in April 2007 I took out an unsecured personal loan with Egg. I defaulted on this in 2009. When I took out this loan I did so online checking a box to show I agreed with the T&Cs. There was never a signature.
My understanding now is that there has to be a signature. If this is true what does it mean for me?
This debt has passed now to DCAs. I can't find my original agreement but assuming there was a clause about transferring the debt to a DCA/third party, can this be valid without a signature?
Thanks.
in April 2007 I took out an unsecured personal loan with Egg. I defaulted on this in 2009. When I took out this loan I did so online checking a box to show I agreed with the T&Cs. There was never a signature.
My understanding now is that there has to be a signature. If this is true what does it mean for me?
This debt has passed now to DCAs. I can't find my original agreement but assuming there was a clause about transferring the debt to a DCA/third party, can this be valid without a signature?
Thanks.
0
Comments
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Why do you think there needs to be a "wet signature" ?
Why would a digital signature not be adequate?0 -
From 2005 a digital signature in the form of a tick box was legally acceptable and from April 2007 even a credit agreement that wasnt signed digitally or physically would be enforceable against you by order of the court.Still rolling rolling rolling......
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SIGNATURE - Not part of post0 -
Why do you think there needs to be a "wet signature" ?
Why would a digital signature not be adequate?
Because that is what I was told by an acquaintance who I believe has also had money trouble. Are you suggesting that it's not the case? Or are you just being patronising because you see it as a stupid question?0 -
rizla_king wrote: »From 2005 a digital signature in the form of a tick box was legally acceptable and from April 2007 even a credit agreement that wasnt signed digitally or physically would be enforceable against you by order of the court.
Thanks, very helpful. I assume you mean from the 1st april 2007? The date of the agreement was april 23rd 2007!0 -
The law change was agreements entered into from 6th April 2007.
https://www.google.co.uk/#q=6th+april+2007+credit+agreementsStill rolling rolling rolling...... <
SIGNATURE - Not part of post0
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