Credit, debt and unenforceable agreements.

Is my credit agreement enforceable?

A simplified guide to your CCA.

Ok, we've all at some point taken out some sort of finance.

Maybe a personal loan, credit card, store card a mail order catalogue or whatever.

All of these types of finance will have required you to sign a credit agreement, The majority of credit agreements are regulated by the Consumer Credit Act 1974 which clearly defines the way in which these agreements should be set out.

Now you would imagine that banks, finance, credit companies and the like would have the legal savvy to make sure that when a customer signs a credit agreement it's all done in accordance with the regulations set out in the Consumer Credit act... just to make it all nice and watertight for them if they have to take legal action to recover the debt.

Well you would be very wrong. An astonishingly large number of credit agreements do not contain the appropriate information for them to be considered enforceable.

So what does it mean if an agreement is not enforceable?

To put it simply it means that if you have an unenforceable agreement, the lender can't make you pay the debt. Even if they take you to court a judge will be unable to make you cough up and the debt should be wiped.

Use the links on the left to guide you through the process of finding out whether you have an unenforceable agreement.

Getting started