10 Things You Need to Know About Challenging Unfair Credit Agreements

If you've head that there may be a way that you don't have to pay off your loan, credit card and car finance, then you'll probably want to know more about it, and whether this actually applies to you.
Here's what you need to know.
1. Thousands of people have been affected by an Unfair Credit Agreements, and many are looking into finding out if they are entitled not to pay their creditors.
2. There are many types of credit agreement that are affected, so if you've got a loan, vehicle finance, credit card, store card, or a deferred (buy now, pay later) loan, then you might want to see if you're affected.
3. In order to be eligible to have your agreement checked, you'll need to have a balance of at least £1000 on your agreement and over 12 months left of the agreement. If this is the case, then you might want to go ahead, and see whether you legally don't have to pay off your creditors.
4. The next step involved finding a reputable and experienced claims company who will be able to guide you through the process, and tell you what you need to know, and what to expect.
5. You'll need a copy of the agreement that you want to challenge, and if you don't have a copy, then you'll need to ask your creditors for it.
6. If you don't have a copy of it, then you'll need to ask your creditors for it, because without it, there is no way of knowing whether the credit agreement is legal or not.
7. Once the agreement obtained, it is audited by the claims company and the solicitor, who will then be able to determine whether it is an unenforceable credit agreement or not.
8. The claims company will then inform you'll as to whether you have grounds to prosecute the lender, and what happens next.
9. If the lender is found to be in breach of the Consumer Credit Act, then the lender will be informed, and will have to decide whether to settle out of court, or go to court and challenge the findings of the claims company.
10. If you are successful with your challenge, and the credit agreement is unenforceable, you won't have to pay it off, which is likely to be a worry off your mind in the current financial climate.
Now you know more about how to what to expect, is it time for you to check your loans and credit cards, and challenge an unfair credit agreement?
If you think that your credit agreement might be unfair, and you want it to be checked out, why not speak to an experienced Unenforceable Credit Agreement Specialist, and find out how you can become Credit Clear, at CreditClearUK.co.uk today. Make this your first step to becoming debt free.
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