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Unenforceable Loan Agreements

Unenforceable Loan Agreements

Loan agreements can either be unsecured or secured, usually on property. The way these loans are dealt with is different.

Unsecured Loans

Unsecured loans up to £25 000 are regulated under the Consumer Credit Act 1974 in the same way that credit cards and store card agreements are.

Secured Loans

Loans secured on property are treated the same way as a mortgage compensation claim.