credit card

[McGinty]

hi there
im new to this so please excuse as i haven't a clue how it works!
i'm looking for an answer as to whether credit card agreements can be enforced if they havent been countersigned by the lender
jim

[Curlyben]

Re: credit card

Yes they can, but only with court action.

[McGinty]

Re: credit card

what is the likelyhood of that happening

[Curlyben]

Re: credit card

Difficult to say really.
It depends on the OC.

Could you scan and post a copy of the agreement and I'll give it the once over for you.

[McGinty]

Re: credit card


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Sorry it took so long but here they are.
I had to find someone to upload the pictures.

Jim

[Curlyben]

Re: credit card

From what I can make out on the T&C's this is good, other than their lack of execution.
As I said this can easily be rectified with court action.

Now as to their likelihood of actually doing this, very difficult to say.
They may simply "sell" it to a DCA for further action.
Best idea would be to reclaim all of the charges and come to a repayment plan.

[McGinty]

Re: credit card

Thanks For That. How Would I Claim The Charges Back-do You Mean Any Charges That Have Been Levied For Missed Payments Or All Payments Made To Date

[Curlyben]

Re: credit card

There's details here: Legal Beagles and further details here: Budgie's strategy for reclaiming credit card charges - Legal Beagles
Basically it's a case of requesting all the statements and totalling the charges from there.

[McGinty]

Re: credit card

Cheers
Jim