The majority of credit agreements are unenforceable because they do not comply with the Consumer Credit Act 1974 (CCA 74)
If a credit/loan agreement is unenforceable the remaining payments may be squashed and goods that have been purchased kept by the borrower.
There are many reasons a Credit Agreement can be unenforceable some of which are listed below
- The rate of interest is not shown on the agreement
- The agreement is not signed
- Number of instalments not shown
- Dates not in place
- Total amount repayable not shown
- Amount of credit borrowed
- No Signature
- The agreement does not state correctly how the borrower will make repayments
If your agreement turns out to be enforceable we are now able to refund your payment less a £50 admin fee
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unfairloanagreements.co.uk is a division of Consolidators Ltd. Company registration number 6067378 registered in England and Wales
