Consumer Credit Support  
Bailiff Advice Online

Go Back   Consumer Credit Support > Housing > Case Law
FAQ Members List Calendar Mark Forums Read

Reply
 
Thread Tools Display Modes
  #1  
Old 28-01-2011, 07:38 AM
dpick's Avatar
dpick dpick is offline
Senior Member
 
Join Date: Jun 2007
Location: Middlesbrough
Posts: 849
dpick will become famous soon enoughdpick will become famous soon enough
Default Phoenix Recoveries vs D Kotecha - Court of Appeal

Just found this posted across the road posted by PT it could be important.


PHOENIX RECOVERIES (UK) LTD SARL v DEVENDRA KOTECHA (2011)

CA (Civ Div) (Thorpe LJ, Lloyd LJ, Patten LJ) 26/1/2011
CONSUMER LAW
CONSUMER CREDIT : CREDIT CARDS : CREDITORS' POWERS AND DUTIES : REGULATED AGREEMENTS : CREDITOR'S COMPLIANCE WITH DEBTOR'S REQUEST FOR COPY OF REGULATED CREDIT AGREEMENT : ENTITLEMENT TO ENFORCE DEBT : CONSUMER CREDIT ACT 1974 : s.78(1) CONSUMER CREDIT ACT 1974 : s.78(6) CONSUMER CREDIT ACT 1974

A creditor had failed to satisfy a debtor's request under the Consumer Credit Act 1974 s.78(1) for a copy of a credit card agreement as it had not, on the evidence, included the original, actual terms and conditions in respect of interest rates then in force. The creditor was, accordingly, not entitled to proceed to enforce the debt under s.78(6).

The appellant (K) appealed against a decision of the judge allowing a claim by the respondent company (P) for amounts due under a credit card agreement. That agreement, which was regulated by the Consumer Credit Act 1974, had been entered into by K and a bank (B) in 1998. K was then issued with a credit card which he used extensively. B subsequently merged with another bank (H) and H took over B's credit card business. In 2007, K made a request under s.78(1) of the Act for a copy of the credit card agreement. H supplied an incomplete version and following K's further request it sent a copy of what it contended were the terms and conditions incorporated into the agreement. K disputed whether that version of the terms and conditions was correct. H later sent a default notice and issued proceedings against K, alleging that he was in breach of the agreement. H then assigned the claim to P, who was substituted as a party. K, then acting in person, defended the action on the ground that, because the s.78(1) request was not complied with, P could not enforce the agreement pursuant to s.78(6) of the Act. The judge found, on the balance of probabilities, that the appropriate records had been supplied by P. She therefore held that P had satisfied the s.78(1) request and that it was not precluded from enforcing the debt. K contended that there was no credible evidence that the documents set out as evidence by P were the same as those which had been used in the agreement between him and B. He submitted, inter alia, that a scanned copy of B's leaflet inviting him to apply for the credit card clearly set out an annual percentage rate (APR) of 9.9 per cent for balance transfers, reverting to 16.9 per cent after six months, and 18.7 per cent APR for cash withdrawals, whereas by contrast the terms and conditions given in evidence by P sent out in terms rates of 20.9 per cent APR for balance transfers and 22.8 per cent for cash withdrawals. It was accepted that that point had not been before the judge, although it was discernible from the papers.

HELD: Interest rates were a term of central importance in credit card agreements. There was a strong case that the interest charges which would have been specified in the terms and conditions when B and K made the agreement in 1998 were those in the leaflet and not those which appeared in P's evidence. Under s.78(1), a creditor was required to set out the actual, original terms and conditions of the agreement at the time it was made. In those circumstances, P had not proved that that obligation was satisfied, and it was therefore not entitled to progress to enforce the debt against K under s.78(6).

Appeal allowed
Counsel:
For the appellant: Kelly Pennifer
For the respondent: Guy Sims

Hot of the press

The case which we took to the Court of Appeal yesterday


dpick

Posted in wrong Case Law section could mods move to correct section I am still half asleep

Last edited by dpick : 28-01-2011 at 07:41 AM. Reason: I had posted in housing should have been library
Reply With Quote
  #2  
Old 13-02-2011, 04:41 PM
BOUDICCA BOUDICCA is offline
Assistant Moderator
 
Join Date: Jun 2008
Posts: 2,144
BOUDICCA will become famous soon enoughBOUDICCA will become famous soon enough
Default

deleted, posted on wrong forum

Last edited by BOUDICCA : 13-02-2011 at 09:27 PM.
Reply With Quote
Reply


Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT. The time now is 07:43 PM.


Powered by vBulletin® Version 3.6.7
Copyright ©2000 - 2018, Jelsoft Enterprises Ltd.
Consumer Credit Support