What is a valid Reconstituted Credit Agreement

[Donastia]

Hi. I received a reconstituted credit agreement from a credit card company. Seems they still hold the debt for approx £6000 which dates back to about 2012 and have not sold it on to a recovery company. What they have sent me is just an application form with my signature and what seems to be a set of generic terms and conditions. In neither document is there reference to credit limit or interest rate both of which I thought was required. Is it valid and the debt enforceable? Thanks

[echat11]

Hi Donastia

Welcome to LB

An application form is not an credit agreement.

A 'Reconstructed Agreement', is where they can get information from different sources to construct an agreement, even then it should be compliant.
Terms and Conditions should pertain to the year that the agreement was taken out. Terms and Conditions change. So it's pointless sending 'generic' or
Terms and Conditions which weren't valid when you took out the agreement in 2012. Terms and Conditions normally have a reference number on the top,
bottom or side. That normally has reference to month / year.

Also if it's a Reconstructed Agreement, they need to tell you that's what it is, they shouldn't try to mislead you.

https://www.handbook.fca.org.uk/hand...ate=2016-03-07

Posted for information only -

https://lawzone.legal/when-is-a-cred...unenforceable/