Had a spare 1/2 hour so I thought I would have a browse through the consumer credit act 1974 HERE
I came across this..
[F151ARestrictions on provision of credit card cheques
(1)A person who provides credit card cheques otherwise than in accordance with this section commits an offence.
(2)Credit card cheques may be provided only to a person who has asked for them.
(3)They may be provided only on a single occasion in respect of each request that is made.
(4)The number of cheques provided in respect of a request must not exceed three (or, if less, the number requested).
(5)Where a single request is made for the provision of credit card cheques in connection with more than one credit-token agreement, subsections (3) and (4) apply as if a separate request had been made in relation to each agreement.
(6)Where more than one request for the provision of cheques is made in the same document or at the same time—
(a)they may be provided in respect of only one of the requests, but
(b)if the requests relate to more than one credit-token agreement, in relation to each agreement they may be provided only in respect of one of the requests made in relation to that agreement.
(7)“Credit card cheque” means a cheque (whether or not drawn on a banker) which, whenever used, will result in the provision of credit under a credit-token agreement.
(8)Accordingly, “credit card cheque” does not include a cheque to be used only in connection with a current account.]
Just a thought.......
Is there any mileage in this for people fighting the CC companies that they were provided cc cheques without asking for them ?
Reclaiming interest paid, or the value of the spend not being a legal part of the agreement or some such thing ?
Not sure if/how it could be used but I know I spent a crapload of cc money using these things, never asked for them but used most of the ones I had been given (they were usually at the bottom of the statements or send separately at random intervals).
Or am I drugs for bringing this up
I came across this..
[F151ARestrictions on provision of credit card cheques
(1)A person who provides credit card cheques otherwise than in accordance with this section commits an offence.
(2)Credit card cheques may be provided only to a person who has asked for them.
(3)They may be provided only on a single occasion in respect of each request that is made.
(4)The number of cheques provided in respect of a request must not exceed three (or, if less, the number requested).
(5)Where a single request is made for the provision of credit card cheques in connection with more than one credit-token agreement, subsections (3) and (4) apply as if a separate request had been made in relation to each agreement.
(6)Where more than one request for the provision of cheques is made in the same document or at the same time—
(a)they may be provided in respect of only one of the requests, but
(b)if the requests relate to more than one credit-token agreement, in relation to each agreement they may be provided only in respect of one of the requests made in relation to that agreement.
(7)“Credit card cheque” means a cheque (whether or not drawn on a banker) which, whenever used, will result in the provision of credit under a credit-token agreement.
(8)Accordingly, “credit card cheque” does not include a cheque to be used only in connection with a current account.]
Just a thought.......
Is there any mileage in this for people fighting the CC companies that they were provided cc cheques without asking for them ?
Reclaiming interest paid, or the value of the spend not being a legal part of the agreement or some such thing ?
Not sure if/how it could be used but I know I spent a crapload of cc money using these things, never asked for them but used most of the ones I had been given (they were usually at the bottom of the statements or send separately at random intervals).
Or am I drugs for bringing this up
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