OFT/Banks to make Refunds of over £149 million

[pompeyfaith]

Re: OFT/Banks to make Refunds of over £149 million

With this in mind:

"Since October 2008, under Section 77A of the Consumer Credit Act 1974 (CCA), lenders have been obliged to send periodic statements to customers. These must contain specific information and wording. A creditor failing to provide the periodic statement as required is not entitled to enforce the agreement, and the debtor is not liable to pay interest or default sums, during the period of the creditor's non-compliance"

What is the score if you was hounded and taken to court and they got judgment on a credit card that could not be enforced?

[di30]

Re: OFT/Banks to make Refunds of over £149 million

Anyone else heard anything further on this?

[lookingforward]

Re: OFT/Banks to make Refunds of over £149 million

Only just seen th ethread but will keep an eye on it now thx

[di30]

Re: OFT/Banks to make Refunds of over £149 million

Only just seen th ethread but will keep an eye on it now thx

Your welcome.
It will be interested to know of any payouts they been making, as i have not heard of many as yet.

[di30]

Re: OFT/Banks to make Refunds of over £149 million

This one has gone quiet!

Hope they are making payouts to the ones they should be paying out on!