Thread: CCA Egg Credit Card and reduced payments

Hi there,
I am just about to offer reduced payments to Egg as I think my CCA is ok.
Could someone just take a quick look and check for me?????

Doc1.doc

Doc2.doc

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Bump please??

Hello V, may I call you V?

I had the same agreement sent to me by Egg, via CapQuest, on the 13th working day of request, and I waited until the offence period was up and then wrote a letter back to CapQuest.

In this I stated that no T&C have been sent so I am at a disadvantage to prepare my defence at their threat of court action.

After all, the T&C are clearly stated by Egg as forming part of the agreement, (check your's where you signed), and I gather they also form part of the prescribed terms in any case. I then asked for both, CQ & Egg's, complaints procedure and Capquest have now said my account is on hold while an investigation gets underway by them both.

As far as I'm concerned, and hopefully the law will recognise, they need to re-enforce the debt and they have committed an offence.

Could try this route.

Oh, and the T&C's contain the Cancellation Rights, Data Protection etc.

How would one know what one has agreed to without being furnished with said document?

It looks more like an application than the actual agreement.
Usually, the creditor signs after they have received the form rather than before. On top of that, they are supposed to show the amount borrowed, the total cost of loan etc etc. All that is missing.
Anyone disagree?

Originally Posted by lookinforinfo

On top of that, they are supposed to show the amount borrowed, the total cost of loan etc etc. All that is missing.
Anyone disagree?

It's a running-account credit agreement. The total cost of the loan would be impossible to calculate, it is dependant on the amount borrowed on the card. A credit limit doesn't have to be stated, however the agreement has to contain a term stating the way in which is to be determined, e.g. by reference to an agreed monthly payment. I have a feeling that the sentence stating that they will inform you of the limit in due course *might* allow the agreement to be enforceable

I forgot to add, I did not receive ANY terms and conditions with these documents.

Originally Posted by vinegarvera

I forgot to add, I did not receive ANY terms and conditions with these documents.

Then how can you be expected to adhere to something you have no knowledge of because you are unable to refer to it?

Also, how can something be enforced, via T&C's, that the creditor obviously seems unable to refer to?

Did your T&C's contain a clause that in the event of being unable to meet repayments Egg Plc will allow you a 12 month repayment holiday?

Ask Egg to prove that it didn't.

Ha Ha Ilike it!!!!
My sister is having problems with Egg that boil down to a repayment break.
She has not only NOT received the T and C,s but has received a direct debit mandate as "proof of Debt"
Yeah right!!

Say you won the lottery three weeks later and paid off the whole amount there and then. What proof would the direct debit authority be then as it would never have been activated?

Originally Posted by lookinforinfo

Say you won the lottery three weeks later and paid off the whole amount there and then. What proof would the direct debit authority be then as it would never have been activated?

Good call!

If they can't prove anything as basic as your T&C's of agreement then how can they prove most anything else?

I don't go along with this theory that the debt is there so you have to pay it simply because an amount is recorded in your name.

Only my T&C's would have told me I could have avoided drastic action by my creditor had I been aware of that document.

If it cannot be produced then why will a judgment be given against me?

What is the point of legislation if this is the case?

Thanks guys!!!
Methinks me needs to rethink!!