"The letter of debt specifies that your liability for unpaid funds is a credit facility resulting from a written agreement you have entered into and that a copy of that written agreement may be requested by the lender. However, you are not allowed to see a copy of a real agreement that you have signed, that is, the agreement with your signature. Thus, under the legislation, a creditor has the right to submit a reconstituted copy, that is, a presentation of the original, if he must provide a copy of an agreement. So if you`re asking for a copy of an agreement, don`t expect to see a document that contains your signature. In this "National Debtline" fact sheet, you will find a template letter in which you can apply for your credit contract. This fact sheet also contains a lot of information about CCA agreements and if you have problems with one, talk to National Debtline. But what we need to understand is that there are no loopholes, no magic formula or secret procedures, as claims management companies claim. The truth is that consumers who lend money are protected under the Consumer Credit Act and that if lenders do not provide certain information (called regulatory conditions) to protect a borrower, they face draconian consequences. It may be that the agreement cannot be implemented and that no action can be taken to enforce the loan. All the legal provisions were examined in detail by the judge in a decision of nearly 60 pages. In short, the arguments have failed. It was found that if the lender could submit a "reconstituted version" of the original agreement, the requirements of Section 78 of the Consumer Credit Act were met.

The "reconstituted" agreement must indicate the names and addresses of the borrowers, but this does not necessarily have to come from the agreement. You must receive an "actual copy" of the agreement - it is not necessarily a photocopy of the original agreement. It should be readable and should contain: If you read this blog or the consumer action group forums, you can see tips that suggest you send a "CCA request." This is a letter to a creditor or collection office requesting a copy of a credit contract executed without which a debt cannot be applied. Simply put, ask the creditor/collector to prove that they have the right to ask you to pay. If there has never been a written agreement, the creditor cannot send you a copy. If this is the case, the creditor must inform you. But if the creditor has simply lost your agreement, it must provide a "true copy" with the same details. But if you already have a CCJ for a debt, it`s too late to ask for the CCA agreement, since the creditor doesn`t have to send it. If you have just learned about the CCJ, you should consider their options to "set aside" and not submit a request for the CCA agreement. It seems, therefore, that many of the promises and hype of claims management companies have no legal basis if the arguments are not pursued by the head of the court and, eventually, towards Europe. The promise that a clearly contracted debt could be erased simply because the original agreement is not at the border had no legal basis and are only for creditors.