DCA returned my £1

[Guest]

Re: DCA returned my £1

Lol - I've just used the above on another thread!

Is my credit agreement legally unenforceable?

There has been a lot of publicity surrounding the ability to get out of debt by going through credit agreements with a fine toothcomb in order to spot any breaches of the regulations. In other words, looking for ways in which credit agreements may be rendered legally unenforceable. As mentioned in the previous section, the various Consumer Credit Regulations are very strict on what information must be presented, when it must be presented, and the order and manner in which it is to be shown. If any of the required information is missing, the supplier may be in breach of these regulations. However, amendments made to the Act in 2006 closed this loophole, so now a court can still enforce a credit agreement even if the creditor has not complied.

Before this gets heavy I'm playing the DCA and playing devil's advocate!

Just to avoid confusion for anyone not in the know, the above refers to the repaeal of section 127(3-5) of the cca 1974, not section 77-79 .

Peter

[charitynjw]

Re: DCA returned my £1

& is applicable to loans after 6th April 2007, when CCA 2006 came into force.

[dogtired]

Re: DCA returned my £1

At least they returned it!
Two I have dealings with appear to have paid it into the alleged accounts.
DT

[labman]

Re: DCA returned my £1

They need to refund and remove those payments, as anything nearing SB will start the six years ticking again if payment is made,

[dogtired]

Re: DCA returned my £1

Hence the letters (recorded)