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Un-Enforceable credit Agreements. PLEASE READ


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I thought I would help out a few people on what action to take if they think they have an un-enforceable credit agreement with an extract from the OFT website.

 

What the creditor can't do

 

1. Make you pay the whole amount before it is due.

2. Re-take any goods i.e Cars.

3. Get a CCJ against you.

 

What the creditor can do

 

1. Make you pay any arrears.

2. Default you.

3. Update your file accordingly with a CRA.

4. Sell the debt or get a debt collection agency to chase it.

5.Take you to court.

 

It might seem unfair but an un-enforceable credit agreement can still be enforced. In some cases the creditor has chosen to withdraw the case, This happens mainly when they are asked by the debtor to provide the original documents when the creditor has taken the debtor to court.

 

4.

˙os op oʇ pǝʞsɐ ssǝlun ǝƃɐssǝɯ ǝʇɐʌıɹd ʎq ǝɯ ʇɔɐʇuoɔ ʇou op ǝsɐǝlԀ ˙pǝɹnɔɔo sǝssol ʎuɐ ɹo ǝɹnlıɐɟ ɟo ʇlnsǝɹ ɐ sɐ ǝlqɐıl plǝɥ ǝq ʇou llɐɥs I ˙llıʍpooƃ ɟo ǝɹnʇsǝƃ ɐ sɐ os ǝuop sı uǝʌıƃ ǝɔıʌpɐ ʎu∀

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