Default Notices
This is a Court of Appeal judgment involving a debt of £5,000 owed by Mr Brandon in respect of his credit card with Amex.
On 19 June 2007, Amex issued a Default Notice asserting a breach of the agreement...
Latest news and views tagged consumer credit
RSSOFT takes action to address debt management industry
The OFT has identified a number of concerns in relation to the debt management industry. The consumers may be vulnerable and the issues which confront them can be complex. There are a number of government...
Case rules in favour of lender (again)
His Honour Judge Waksman has delivered another judgment in favour of lenders. The claims all related to the interest rates stipulated on a regulated agreement relating to credit cards. The central...
Can a claims management company be ordered to pay costs?
In January this year, his Honour Judge Waksman held that lenders could satisfy their duty under s78 of the Consumer Credit Act 1974 to provide a copy of the consumer credit agreement by providing a reconstituted...
The Office of Fair Trading (“OFT”) has published a consultation on sections 77/78/79 of the Consumer Credit Act 1974– duty to give information to debtors and the consequences of non-compliance on the enforceability of the agreement
The OFT is consulting on guidance because of concerns that some debtors are being misled into thinking that these sections can be used to get their debts written off and that some creditors are not following...
