About Lorrells Georgiou nicholas LLP
"Do you legally have to repay your credit cards and personal loans? Some credit card and loan agreements cannot legally be enforced by the lender.” FIND OUT THE TRUTH
The Consumer Credit Act 1974 provides that certain credit card or credit loan agreements taken out before 6 April 2007 must contain certain terms and conditions (prescribed terms). Without these prescribed terms the agreement cannot be enforced by the lender (“unenforceable”) unless the lender applies to the court for an enforcement order. However, there are certain circumstances in which the court does not have power or jurisdiction to enforce repayment and the agreement in question remains unenforceable. We can find out If your agreement is unenforceable, if so, the lender is unable to recover any money from you in legal proceedings. Under these circumstances, we can offer you our legal services on a no-win no-fee basis whether as a claimant or defendant in legal proceedings against your lender