Raydetinu, you state that ' they ( egg ) can close your account for whatever reason. '

Whilst I am aware that the CCA 74 provides for a Credit Card account to be restricted, where does it allow

for the said account to be ended/terminated/closed etc ?

thanks,

trout

They can close any account with sufficient notice etc. it is a rolling credit arrangement and either side can stop at any time, however repayments if still endebted can still be made under the terms agreed, but dont have to let you add to the account debt any more.

If in default of the contract they can terminate and ask for full payment of debt. ( they can ask but dont always get as we know )

Thanks for the swift reply raydetinu, however, could you please state which section of

CCA 74 allows the creditor to terminate/end a credit card agreement which is not in

default.

S98 CCA 1974 I believe (after having given the relevant notice period)

I'm afraid I have to disagree IMS, S98 does not apply to open ended agreements that are not in default.

ie S98 (2) states that S98 (1) only applies to agreements where a period for the duration of the agreement

is specified in the agreement ( and that does not apply to credit card agreements under CCA 74 ).

S98a

IMS, imho,the only thing that changed was that the EU directive ( ie S98a ) clarified that where a Creditor

becomes entitled under CCA 74 to terminate a regulated agreement,that termination cannot take place

until the elapse of 2 months.No new right of termination was given to a Creditor, and in the case of non

default credit Cards it was and still is the case that there is no entitlement under the provisions of CCA 74

for a Creditor to terminate non default agreements.

General discussion posts moved from here - http://www.consumeractiongroup.co.uk/forum/showthread.php?320337-Help-Barclaycard-egg-transfer-nightmare&p=3559095&viewfull=1#post3559095 ...........

........... to here, to avoid further hijack of HP Mum's thread.

Feel free to continue the debate.

Of course they can terminate the account and do frequently.

Maybe, but not lawfully !!

of course its legal, just have to give you notice as said before, 30 days I believe.

they often do it to cards that have not been used for a time.

Had it done a few times, they just refund the balance as they were in credit.

raydetinu,

Could you please quote me the Acts and sections of those Acts that you believe

make my point a nonsense.

thanks,

trout

I believe its in their terms and conditions.

I dont realy see what your point is!

Do you think that once you have a credit card, they cant cancel it! especially if dorment and not used.

Well they cannot contract out of law ie Statute, and the ONLY provisions for termination in CCA74 in respect of a Credit Card, is when said card is in DEFAULT. Wake up and smell the coffee

Two years to respond some sort of record!

As said CC can be terminated if not used or dormant as in their T &C; had this many times when not used card for more than a year.

They do write to you and let you know first.

You can always re apply.

Well they cannot contract out of law ie Statute, and the ONLY provisions for termination in CCA74 in respect of a Credit Card, is when said card is in DEFAULT. Wake up and smell the coffee

Lol. That's pretty rich [coffee], 21 months later !!

It does not matter what is in their T & C's, what matters is what is in the CCA 1974 as that is Statutory Law !!

They only did to you what you allowed them to. As said, wake up and smell the coffee.

I suggest you read up on consumer law as a matter of urgency.

Take care

trout