How to Go About Making a Claim For an Unenforceable Credit Agreement

There are two ways of making a claim for an unenforceable credit agreement. The first and the easiest way to go about it, is to hire a solicitors firm that deals in helping clients claim unenforceable credit agreements. Many such firms can be found on the internet. Some of them ask for a fee upfront to help you make a claim.
There are others who help clients on 'no win, no fee' basis. Therefore, it is up to you to decide, which route you want to take in hiring a solicitors firm. What the solicitors firm does is, write to your creditors. Then they wait for the stipulated period before moving to file your claim.
The second way of making a claim for unenforceable credit agreement is by handling the claim process yourself. If you have credit cards, store cards or have taken a loan, you must write to the company and ask them to send you the agreement that you have signed with them.
In most cases, you have filled out an application form and not signed an agreement. If you have signed an agreement and the interest rates that will be charged, the due dates of repayment are not clearly documented in the agreement, then you can make a claim. You will write to the company and inform them that the credit agreement is unenforceable. You will have to wait 2+12 days to get a reply.
In case you don't get a reply after fourteen days, you will have to wait a month further. In the meantime, you can send a reminder to the company. After the month has passed, you will write to the company and inform them that you are filing a claim in their area's office of fair-trading. Print your name on the letters that you send to the companies, but don't sign them.
You are likely to get a refund before you actually file a claim. Most companies know that they will loose and agree to a settlement. You may need some help working out what you can claim. Therefore, you can get a friend or an accountant to help you. You can get copies written by people to companies on the internet.
There are forums and blog sites from where you can get help. A large number of people are claiming for refunds on unenforceable credit agreement. When you start writing to the company and making your claim, don't stop your payments. This can have an adverse affect on your claim. You can repay the loan amount, but do not pay the interest.
Therefore, it is really up to you to choose how you want to go about claiming for unenforceable credit agreement. If you choose a firm to help you, they follow the same process as has been explained. However, it's really your decision. You can also get help from someone who has filed a claim or received a settlement.
The office of fair-trading has done a lot in protecting people from having to pay interest rates that they never signed an agreement.
Simon P Jennings is a financial expert. Take opninions of professionals and advise on PPI Claim now at http://www.claimsadvicecentre.com
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