under the consumer credit act lendors and there agents have to supply the original credit agreement and associated paperwork within 28 days. can anyone tell me if this is correct and what section, article it is within the act.
2007-03-22 01:24:08 · 5 answers · asked by bigabadabill 3 in Politics & Government ➔ Law & Ethics
Yes they do. Here is a letter you can send to them requesting the information: I require you to supply me with the following:-
A true copy of any alleged agreement between me and (Name of Company). You are obliged to supply a copy of any such agreement under the legislation contained within s.78(1) Consumer Credit Act 1974 (S.77(1) for fixed term credit).
A detailed statement of account showing a complete list of transactions and charges relating to the alleged debt since inception of the alleged agreement. This includes the term prior to your acquisition of the alleged debt. You are obliged to supply this information under the same legislation noted above. A signed true copy of any deed of assignment relating to the above alleged agreement. You are notified that you are obliged to supply this document, whether you are the original creditor or not, under s.189 of the Consumer Credit Act.
As you will be aware, any credit agreement, which is not properly documented and signed by the customer, is totally unenforceable under the Consumer Credit Act, and is therefore a complete defence to any court claim issued. Any legal action you may contemplate will be vigorously defended and contested.
You have until (give them 14 days) to comply with the above requirements, failing which you will be in default. Furthermore, if you have failed to respond fully after one month, you will have committed an offence and will be reported to Trading Standards and the Financial Services Authority. Sincerely,
I sent this letter to a company and completely stumped them. I'm now in the process of reporting them. Good luck with whatever you're doing! P.S. DO NOT SIGN THE LETTER! Just type your name OK? I forgot to mention that you will also have to pay a £1 fee to the company you're requesting this information from, and also you should send your letter via recorded delivery.
2007-03-22 01:29:15 · answer #1 · answered by Pseudonym45 4 · 1⤊ 0⤋
the best trading software http://tradingsolution.info
i have attended a lot of seminars, read counless books on forex trading and it all cost me thousands of dollars. the worst thing was i blew up my first account. after that i opened another account and the same thing happened again. i started to wonder why i couldn,t make any money in forex trading. at first i thought i knew everything about trading. finally i found that the main problem i have was i did not have the right mental in trading. as we know that psychology has great impact on our trading result. apart from psychology issue, there is another problem that we have to address. they are money management, market analysis, and entry/exit rules. to me money management is important in trading. i opened another account and start to trade profitably after i learnt from my past mistake. i don't trade emotionally anymore.
if you are serious about trading you need to address your weakness and try to fix it. no forex guru can make you Professional trader unless you want to learn from your mistake.
2014-12-18 14:00:07 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Yes they do, you write to them and give them 14 days, however they are breaking the law if after 30 days they still haven't give you a copy. You can then complain to Trading Standards and / or the FSA.
2007-03-24 09:01:16 · answer #3 · answered by Anonymous · 0⤊ 1⤋
1
2017-02-19 15:57:25 · answer #4 · answered by ? 4 · 0⤊ 0⤋
http://www.ftc.gov/os/statutes/031224fcra.pdf
It's here in PDF format
2007-03-22 01:26:59 · answer #5 · answered by wizjp 7 · 0⤊ 0⤋