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Hi

 

Wonder if I can ask some advice - I have a car loan and a credit card with the same bank.

The loan looks fine but its one of those that has balloon payments at the end (or give the car back) however I don't think the credit card is enforceable - my question is if I go down the CCA route and withhold payments on the credit card if they can't provide me a copy - Can they then take my balloon payment or any of my loan payments in liue of any missed card payments ? Or are the 2 debts completely seperate ?

 

S

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they can only offset against accounts in credit if this is within the original terms and conditions

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  • Haha 1

HAVE YOU BEEN TREATED UNFAIRLY BY CREDITORS OR DCA's?

 

BEWARE OF CLAIMS MANAGEMENT COMPANIES OFFERING TO WRITE OFF YOUR DEBTS.

 

 

Please note opinions given by rory32 are offered informally as a lay-person in good faith based on personal experience. For legal advice, you must always consult a registered and insured lawyer.

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  • 2 weeks later...
they can only offset against accounts in credit if this is within the original terms and conditions

 

Hi Ida,

 

Is this stated in any regulations that you are aware of?

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