Is it Possible To Have a Credit Agreement Declared Void
In the real world, is it possible to have a credit agreement declared void and not to have to pay back any of the money loaned. There are plenty of advertisements from Claims Management Companies promising that (for a fee) this is possible. Sign up here to challenge your loan and credit card agreement and then sit back and wait whilst all your debts and loans are wiped clean.
If only life was so simple.
Many of the challenges to loan and credit agreements rely on the lender not being able to produce the original agreement. Sections 77 and 78 of the Consumer Credit Act 1974 impose an obligation upon a lender to provide a copy of the credit agreement to the borrower upon request and payment of the statutory fee (currently