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Unenforceable Credit Agreements  

What are unenforceable credit agreements?

Under the consumer credit act 1974 and 2006, if a loan agreement is written incorrectly or missing a cretain important term, they may be deemed an unenforceable credit agreement. This means that you can legally stop making payments, and the lender cannot recover the debt.  If you have an unenforceable credit agreement your debt is effectively cancelled.

What criteria does my agreement need to potentially be an unenforceable credit agreement?

There are literally thousands of unenforceable credit agreements still to be checked in the UK - some estimates say that 70 - 80% of agreements may be unfair.  You should have your agreements checked if they fit the following criteria:
  • Balance of over £2000
  • Initially taken out before 6th April 2007
  • You are a UK resident

What type of agreements may be unenforceable credit agreements?

This legislation applies to the following types of credit:
  • Unsecured loans
  • Secured loans
  • Credit cards
  • Store cards
  • Car finance
SEE IF YOUR AGREEMENTS ARE UNENFORCEABLE
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Unenforceable credit agreements - the process

All you need to do is fill in the form above.  The process is quick and straight forward - for a small refundable fee your credit card or loan agreement will be assessed to see if it is unenforceable. We will ask you a few simple questions and you will have to return a letter of authority and a fair trading statement that we will send you.  We will then check your agreements, and let you know if we can process your case (ie your credit agreement is unenforceable) or not (ie your credit agreement is not unenforceable).
effectivedebtsolutions/unenforceable-credit-agreements  is a trading name of Claims Advice Centre. Regulated by the Ministry of Justice in respect of regulated claims management activities. Registration is recorded on the website www.claimsregulation.gov.uk. Authorisation No. CRM16432.

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