UNFAIR LOAN AGREEMENTS

Many credit agreements are unenforceable because they do not comply with the Consumer Credit Act 1974 (CCA 74)
If a credit/loan agreement is unenforceable the remaining payments do not have to be paid and goods that have been purchased kept by the borrower.
There are many reasons a Credit Agreement can be unenforceable some of which are listed below
The rate of interest is not shown on the agreement
The agreement is not signed
Number of instalments not shown
Dates not in place
Total amount repayable not shown
Amount of credit borrowed
No Signature
The agreement does not state correctly how the borrower will make repayments