Why Many Personal Loans and Credit Agreements Are Being Written Off by UK Banks and Finance Houses

According to the BBC you and yours programme in July 2008, up to 79% of all credit agreements taken out before April 5 2007 could have been set up or arranged incorrectly. There is a strong possibility that many of these loans could be unenforceable under the consumer credit act 1974. Does this apply to your loan? See here

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