Archive for the ‘Cancel Loan’ Category

Judge Finds £8,000 Debt Unenforceable

A county court judge has made a ruling that could see thousands of borrowers being able to cancel their loan and/or credit card repayments.

The ruling by Judge Jacqueline Smart at South Shields county court stated that the MBNA credit card company cannot demand the repayment of a customer’s debt.

MBNA tried to force Lynne Thorius to repay the £8,000 she owed on her card.

But the Judge decided that Ms Thorius had been sold payment protection insurance in an unfair manner. (more…)