The recent case of Keith Harrison has highlighted an important issue for borrowers and lenders.

Some courts are siding with people in debt, if their lenders, such as credit card companies, have failed to abide by the strict requirements of the consumer credit laws.

Typically these borrowers have not denied running up debts on their cards.
But they have challenged their lenders to prove they have jumped through all the hoops necessary to get their money back.

Section 78 of the Consumer Credit Act demands a credit card lender supplies what is known as a "true copy" of its original loan agreement if the borrower asks for one.

This must show all the original terms and conditions (T&Cs), including information such as the rate of interest.

A number of recent cases have shown providing a satisfactory copy can be difficult if a lender has lost, thrown away or poorly archived some of its original documentation.

And that can mean the lender............Read more HERE