For a small fee your credit card or loan agreement will be assessed to see if it is unenforceable. The process is straightforward. All you have to do is answer a few simple questions and return it to us. Once we have the required documentation we will ask your lender to give us a copy of your agreement. We will check through the agreement to see if it is unenforceable.

Once the assessment of your Credit Agreement has been evaluated, you will be notified of whether your case can be processed (there is a chance your agreement is unenforceable) or not (your agreement is not unenforceable).

There are lots of ways in which lenders may have breached the law. Below are some examples:

Errors when calculating interest and incorrect APR rates.

The law says that the agreement must contain a term which sets out the rate of interest that is being applied under the agreement If the agreement does not contain an interest rate or the rate is incorrect then it may be irredeemably unenforceable against you.

Failure to provide relevant documentation

If you request a copy of the executed agreement and the lender fails to provide a copy the lender cannot enforce the agreement until such time as a copy of the executed agreement has been provided to you.

Failure to disclose commissions and fees

Where a lender pays commission to a broker or other financial introducer the sums paid to the introducer should be disclosed to you before you enter the agreement. If you are not informed of the commission then you have not been made aware of the brokers possible conflict of interest. It might then be possible to recove the amount of the brokers commission or to put you in the position you would have been in before you entered the agreement.

Did you know?
The Consumer Credit Act 1974 was introduced to protect consumers from banks and lending institutions. It sets out guidelines that must be followed by banks when providing documentation for loans and credit agreements.

You can challenge a credit agreement by asking the lender to provide a true copy of the credit agreement. Once you have this, the agreement can be examined to decide whether or not there have been any breach of the law.

What does is cost?

We can help you to check your Credit Agreements and see if there has been any breach of the law. There is a charge of £300 inclusive of vat for our solicitors to review your agreement and tell you whether the agreement you have signed is enforceable. If you are an existing customer you will get a discounted rate of £172.50 for any additional agreements that you wish to check. If your agreement is found to be unenforecable, compensation will be pursued on your behalf.

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