Are Unenforceable loans/credit cards a write off?
The Chester County Court has issued a stay of proceedings in ALL claims relating to unenforceability pending test cases in the London County Court. This means that all claims in the UK for credit cards and loans to ne written off could soon technically be stayed pending these ‘test cases’ and beyond albeit it is up to each Court to make their own decision. One thing is certain, every barrister will be well briefed to use this as a precedent stay claims. Is this the beginning of the end for these cases? If you already work with a claims company and they suggest that this is not a big deal, please insist on speaking to one of their acting solicitors. This is big news because many mortgage and loan intermediaries have been wooed by claims companies charging high upfront fees (between £195 and £495) per write off. Consumers were told it was money well spent because the credit card would be written off anyway. Brokers were promised high upfront fees per case referred (£100-£150), and were p
