Unenforceable Credit Card Agreements
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Unenforceable Credit Card Agreements
Unenforceable Credit Contracts
Unenforceable Credit Card Contracts
Unenforceable Credit Agreements
Unenforceable Credit Agreements Before April 6 2007
UK-Only Service - No Upfront Fees
Welcome to the Unenforceable Credit Agreements web site. By now a lot of people have discovered that if they have credit card or loan agreements which were taken out prior to 6th April 2007 they will be unenforceable if they do not contain certain details which are now mandatory. Unenforceable credit agreements exist if these agreements lack such details, known as the 'prescribed terms'.
You will then be in a position of knowing with certainty that your lenders cannot enforce collection of the remaining debt, even by a court. With unenforceable credit agreements you cannot be legally compelled to pay the outstanding balance. Many thousands of people in the UK are now in this happy position.
This applies to any of the following types of credit agreement (not just credit cards):
Secured and Unsecured Loans
Store Cards
Car Loans/Car Finance Agreements
Unenforceable Credit Card Agreements: Minimum criteria:
1 You must intend to write off any UK credit card debt or UK loan debt and be a UK resident;
2 Have at least one credit card, store card or loan with a debt of over £2,500;
3 The credit card or loan taken out before 6th April 2007.We can also help you reclaim all your credit card charges for the last 6 years; by law they must pay all this money back to you, with interest at 8%. But you have to ask them first.
Similarly, we can reclaim any PPI (payment protection insurance) back for you if this insurance was missold with any loan.
The service we use does not charge £295 or more (like many others who have since been chased off the streets by the Office of Fair Trading and similar bodies); in fact it doesn't charge any upfront fees at all, so you have nothing to lose by applying.
If you have at least one balance with over £2,500 we will look at your account to see if it is unenforceable. Multiple accounts are welcome. Complete the short form below and you'll be called back. (UK residents only):
We respect your privacy and will not pass your details on to third parties without your consent.
Unenforceable Credit Agreements is registered and regulated under the Data Protection Act. Reg. No. Z1620707 and licenced by the Office of Fair Trading. Consumer Credit Licence No. 633327.
Establishing that your account is an unenforceable credit agreement means that the debt cannot be collected; it will not make the debt disappear, only your requirement to pay it. It will probably remain on your credit file for 6 years, unless the debt itself is proven to be in error or a factual mistake. You should avoid companies who tell you that they will make the debt disappear, because that is not what happens! The only thing that is removed is your obligation to pay the debt, because by definition unenforceable credit agreements cannot be enforced by law.
The debt does not disappear. Don't listen to anyone who tries to tell you that it does. You just don't have to pay it, that's all. And think of what a difference that would make to your household budget every month!
To write off credit card debt may mean one of two things, in colloquial terms. It may mean taking out an IVA and writing off up to 65% or more of your total unsecured debt. Or it may mean taking steps to find out if the debt is unenforceable in which case you won't have to pay any of it back at all.
Unenforceable Credit Card Agreements and Debt: How does it work?
The Consumer Credit Act of 1974 allows borrowers to challenge unfair and unenforceable credit agreements. Credit Agreements up to £25,000 and issued before 6th April 2007 must comply with the terms of the Act. Many UK banks and lenders have not followed their legal obligations under the Act over the years. This means that your credit card agreements (and other types of loan agreements) may be legally unenforceable. Unenforceable credit agreements take many forms and are mostly applied to unenforceable credit card agreements, although other unenforceable credit contracts exist for loans, unenforceable car finance agreements, store cards and certain other types of finance.
Recently, a high percentage of those agreements that have been challenged have been found to be unfair and unenforceable. The result is that the debt cannot be collected. Establishing that you have unenforceable credit agreements will not make the debt disappear. It will probably remain on your credit file for 6 years, unless the debt itself is proven to be in error or a factual mistake. Only then can the debt be eliminated from your credit file.
Please note that, under normal circumstances, hire purchase contracts are not normally associated with unenforceable credit agreements.
We take details of your debts and our specialist legal team challenge the agreements with the lenders. They obtain documentation on your behalf and then verify the legality of the contract. Our legal team will then, via specific correspondence, prove that your agreement is not valid. As such it is deemed to be an unenforceable credit agreement. In some cases we may be able to get the item removed from your credit file.
Unenforceable Credit Agreements and Associated Services
Many people who are interested in finding out about whether they have unenforceable credit agreements also took time to find out how they can claim back all the money they have been charged on their credit cards and also on paying into insurance plans which were mis-sold to them when they took out other loans or financial products. In the latter case, the mis-sold payment protection insurance was found to be unnecessary as their payments were already covered by existing consumer laws or other statutes. You can noe claim back all that money, sometimes running into thousands of pounds, by clicking here or ask the advisor after you arrange for a call-back.
In the case of credit card charges, they were found to be unjustifiably high. The newly convened UK Supreme Court, in a surprise decision, ruled that such charges on bank current accounts could not be claimed back (a decision which many found disappointing). But the same is not true of credit card charges. That means that you can claim back all of the charges on your credit card, plus interest at 8%, going back as far as six years from the date of your complaint. You can reclaim credit card charges by asking the advisor when he or she phones you back.
It is interesting how much the combined actions of unenforceable credit agreements, claims for wrongly sold insurance policies and refunds for illegal credit card charges can bring a smile to peoples' faces!
Unenforceable Credit Agreements: An IVA Is A Different Instrument But CAN Be Used
Please note that the main subject of this website is that of unenforceable credit agreements and not debt management plan or IVAs, where the debt is written off over 5 years.
However, we can put you in touch with IVA and debt management specialists, if that should be suitable to your own circumstances. Arrange a callback and peak to the advisor about this.
Unenforceable credit card agreements before April 2007
Unenforceable car finance agreements.
Other services offered by our sister claims management company (list of services is growing by the month!) and also our claims management companies.
UNENFORCEABLE CREDIT AGREEMENTS FULLY AND WHOLEHEARTEDLY ABIDE BY THE OFFICE OF FAIR TRADING'S BOOKLET DEBT MANAGEMENT GUIDANCE (OFT366). COPIES MAY BE OBTAINED FROM THE OFFICE OF FAIR TRADING.
FOR FULL DETAILS OF OUR COMPLIANCE AND THE WAY IN WHICH THIS RELATES SPECIFICALLY TO THIS WEBSITE CLICK HERE.
Unenforceable Credit Card Agreements. All rights reserved.
Unenforceable Credit Agreements is a trading name of Credit Clear UK Ltd. Registered in England and Wales. Company registration number 06606100. Credit Clear UK Ltd is regulated by the Ministry of Justice in respect of regulated claims management activities. Its registration is recorded on the website www.claimsregulation.gov.uk. Registration Authorisation number CRM 13650.
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