Unenforceable Loans
Do you owe more than £2,500 on a loan or credit card?
- Speak to our expert Claims Specialists
- Free advice with no obligation to proceed
- Simple, fast and friendly service
- It's possible that we can write off that loan balance!
- Take a simple test today and see if you qualify, it's so straight forward to check out your position.
Read our detailed Guide to Unenforceable Loans below and then either...
- Complete our simple form and our experienced advisors will be in touch.
- Call us now for FREE advice!
Guide to Unenforceable Loans
Which Loan and Credit Agreements apply?
Moneycloud assess many unfair loan agreements: fixed term loans, personal loans, home improvement loans, mortgage purchase agreements, secured loans, car loans, credit card agreements and hire purchase agreements.
Providing the loan is between £2,500 and £25,000 and was taken out before April 2007 we can help.
Can I claim for my Loan Agreement?
Prior to April 2007 a number of Credit Agreements were written incorrectly and this could give you the right to cancel your agreement and stop making repayments legally. Start your claim today before it is too late, there is no obligation so you have nothing to lose so contact Moneycloud.
Here are the key reasons why YOUR Loan Agreement may be deemed by law as unenforceable:
- If you have been charged an interest rate higher than that stated on your loan agreement.
- If you have paid a one off arrangement fee that has also been charged interest incorrectly.
- Personal Protection Insurance is voluntary but if forced on you your interest increases unfairly and illegally.
- Administrative errors on behalf of the bank or borrower including:
- Incomplete signature/s
- Incorrectly dated
- Lack of clarity around the APR or frequency of payments.
About our Claim Process:
While the banks have a duty of care to process the contract correctly Moneycloud will only accept claims where the loan was deliberately mis-sold to you under misleading conditions. Please note we will diligently check your claim before any communication with the bank and we cannot support claims that are not bona-fide.
Unenforceable Credit Agreement:
According to the Consumer Credit Act (CCA), if a financial agreement or terms & conditions for products such as loans, credit cards, hire purchases, mortgages or any other borrowing is missing certain important term or was written incorrectly; then you may be able stop making the remainder of the repayments; or return goods and items you purchased with that loan. These types of contracts are considered unenforceable.
For a small refundable fee your credit card or loan agreement will be assessed to see if it is unenforceable. The process is quite simple, all you have to do is answer a few simple questions and return a letter of Authority and fair Trading Statement. Once we have the required documentation in place we will ask your lender to provide us with a copy of your agreement. Your agreement will be checked out thoroughly to see if it is unenforceable and a worthy case.
Once the assessment of your loan agreement has been evaluated, you will be notified if your case can be processed (your agreement is deemed unenforceable) or not (your agreement is not unenforceable).
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- What Is Payment Protection Insurance? (PPI) - 19/10/2008
- How Do I Claim Mis-Sold Loan Insurance? (PPI) - 19/10/2008
Contact Details / Terms of Business
You can contact moneycloud.co.uk at Johnson International Holdings, LLC, 3411 Silverside Road, Rodney Building, Suite 104, Wilmington, DE19810, USA.
You can read our terms and conditions of business here.
