Credit Agreement Review

If you want to reclaim monies or write off debts (when the lenders credit agreement is unfair), we can take action for you.

Many Lenders have broken the rules and taken advantage of their clients. If this has happened to you, then we may be able to hellp you to to render a credit agreement ‘irredeemably unenforceable’ and / or claim back £1000’s in compensation. You will NOT pay us any upfront fees nor will you pay us anything at all, unless we are successful and you receive a compensation payment.*

Working in tandem with our partners Lawtrax Ltd, a specialist legal services provider, we are able to forensically assess a credit agreement. This assessment includes a full mathematical analysis utilising specialist software developed by Lawtrax and endorsed by a Law Society registered expert. In addition, each case will be independently assessed by a Barrister from one of the country’s leading Chambers.

Unenforceable Agreements

The Consumer Credit Act 1974 was put in place to protect consumers from any potential 'sharp practice' and prevent lenders from misleading or taking advantage of their clients. Certain rules and regulations were considered to be that important, that if a lender broke the rules, then the agreement could be rendered ‘Irredeemably Unenforceable’, meaning that the client has no legal obligation to repay the outstanding debt. In recent months, the Court of Appeal and the House of Lords, the two highest courts in the country, have handed down judgements of unenforceability.

If our review identifies that a lender has committed one of these fatal breaches of the Act, we will be able to process a claim via one of our panel solicitors with a view to rendering your credit agreement unenforceable.

Payment Protection Insurance (PPI)

It is often sensible for a client to take out a PPI policy when taking on credit, as a good policy will ensure that monthly payments are made even if the client is unable to work due to ill health or redundancy. However, many lenders have used inappropriate PPI policies as a means to make unfair levels of profit from the client whilst hiding the true commissions they receive. All lenders have a fiduciary responsibility to treat their clients fairly and the level of mis-selling involved is quite shocking.

To protect the public the rules were changed in May 2009 to prevent the selling of single premium PPI, but prior to that it was extremely common for all lenders including virtually all High Street Banks to add single premium PPI to a loan or credit agreement.

  1. We will quickly identify if you have been treated unfairly in relation to PPI or if it has been mis-sold.
  2. We will then work with our legal partners, who have a proven track record recovering 1000's for clients and recently achieved over £10,000 in compensation for a single client with an unfair PPI policy.

*fee payable if case is not pursued at clients request

Data protection registration number: Z1633988, Innovative Finance.co.uk Ltd is regulated by the Ministry of Justice in respect of regulated claims management activities. Authorisation number: CRM16687. Registration office 103 Bradley House, Radcliffe Moor Road, Bolton, Lancashire, BL2 6RT. Company registered in England and Wales. Number 05739051. Consumer Credit Licence number: 5739051.