May 19, 2012




Are Your Credit Agreements Unenforceable?

Are Your Credit Agreements Unenforceable?

There are still a few companies offering this so search the internet and do your homework. Don’t part with any money and read the small print carefully.

A credit agreement is described as a legal contract where a person or entity is loaned money for a period of time. But if these contracts were not properly drawn up they are not legally binding. If you have signed such a contract and feel you were not given a clear understanding of what you were getting into, for example what your interest rates were to actually be listed as, you may be able to claim that your agreement is an unenforceable loan agreement. You may possibly be eligible to have that agreement dissolved.

Have you found yourself under the strain of paying excessive fees from credit cards, mortgage companies or car loans?  The credit act of 1974 may offer you some relief. You may be under an unenforceable credit agreement. Millions of these agreements have been produced but are not binding. But you will only find out if you hire a solicitor through a claims management company to look into this financial activity.

There are solicitors who will take your case on a no win no fee basis. A number of these debts can be reduced or wiped out with no further payments. It will not be necessary to return any merchandise purchased. If you are concerned this action may affect your credit adversely as long as your debts are being paid you have no problem and if your credit is bad you may find your credit rating will actually improve due to the technicality that the debt once settled never existed.

Solicitors who handle these unenforceable loan cases are experienced in getting you a fair settlement from the companies who have taxed you with debt so unfairly. Given the proper information from you will be help in getting you a fair and equitable settlement from unenforceable credit agreements. If you entered into a credit agreement before April 2007 take a serious overview of your credit agreements. You may be able to have them written off!  There are still a few companies offering this so search the internet and do your homework. Don’t part with any money and read the small print carefully.

 

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