According to the industry, approximately 50 million Credit Agreements are created in the UK each year. However it is widely believed that as many as tens of millions of credit agreements could be deemed unenforceable.
Initial research suggests lenders that have issued well over 25 million credit agreements in the UK, ranging from credit cards to secured and unsecured loans, are likely to have been in breach of the respective statute laws and therefore may be deemed to be improperly executed and therefore 'unenforceable'.
If your Credit Agreements are deemed to be unenforceable what does it mean to you?
Unenforceable agreement - a contract between two parties which due to irregularities and breaches of prescribed terms under current UK legislation is neither enforceable by the lender or indeed the Court.
The lender is unable to force you to pay the debt back. They also do not have the right to sell the debt on to a debt collect or third party.
To quickly check to see if your credit agreement might be eligible for financial claims management and to start the auditing process click on the link below. copyright dedecms
Thousands of UK consumers are starting to wake up and realise the full extent of their consumer rights and are now fed up with the debt based society we are forced to live in, thousands of consumers like you are challenging the lawfulness of their long standing credit agreements to establish whether they enforceable or are in breach of contract and therefore unenforceable.
For example, a national debt advice organisation says its offices in some of the most affluent parts of the UK are being overwhelmed by demands for help.
Many consumers are now enjoying the success of freeing themselves from debt, by instigating claims against the lenders who have effectively used the consumer to make ￡millions of pounds through irresponsible lending.
Where a borrower's credit agreement is declared improperly executed or 'unenforceable', experts advise that you should continue to make your contractual payments until such time as the claim has been resolved and once your claim has gone through your credit file will be in tact. 织梦内容管理系统
However as a result of a successful claim the following will occur:
· The loan is typically dissolved by the lender leaving a zero balance achieved.
· Your credit file will show the credit agreement as either 'settled in FULL' and may have a correction notice added, or the account insert may be removed altogether.
Many people have successfully pursued their creditors and have had thousands of pounds worth of debt written off. If you are uncertain about your own credit agreements you should seek specialist advice from an adviser registered with the UK Ministry of Justice.
|
Home
