What is an Unenforceable Credit Agreement?
The Consumer Credit Act of 1974, which regulates consumer law and spending, gave borrowers many rights against the companies that loaned them the money. Unless the bank that you borrowed the money from followed explicit rules for loaning money, you may have an unenforceable credit agreement. If your agreement is found to be unenforceable, you may be eligible to have the debt either reduced or written off completely.
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