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CCA 1974 Vs Overdrafts


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What are the Laws regarding overdrafts.

A Rough out line,

I had a bank account that had an agreed over draft and

 

 

When I lost my job some time ago I went over the agreed limit.

 

 

I did everything could to keep straight but spiralling bills just kept dragging me down.

 

 

I suffered with depression and shoved my head in the sand for a while

 

I tried talking to the bank but they did not want to know and kept hitting me with chargers and interest.

 

I have asked for the provided me with a copy of the signed contract regarding the overdraft pursuant to the consumer credit act 1974.

( clutching at straws)

 

They have said that overdrafts are exempt from the CCA 1974

 

 

and the money outstanding above the agreed overdraft limit is not covered by the CCA 1974

and they don’t have to provide any paper work for that as it is regarded as separate contract.

 

 

Can any body point me in the right direction?

Someone said check out Coutts bank Vs Sebastiyen

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they are correct

 

 

how old is the debt

 

 

is it on your CRA file?

 

 

is it still with the OC or sold on??

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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They are exempt except for Part V

 

http://www.legislation.gov.uk/ukpga/1974/39/part/VA

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post 2 then please

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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answr the questions see if we can help otherwise?

 

 

dx

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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Share on other sites

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