I wonder exactly the same thing. They mentioned the term "True copy" which by definition means a real written copy of a document. As fas as i know i have never signed paper contract with any of these payday loans companies so is it enforceable or not?? Would someone help me with more understanding of the legality of this issue? I would really appreciated as i am in a difficulty of paying all my outstanding loans and if there is a loophole i would be glad to use it! this is one more link to the article as i saw that the previous link its not working: Victory over lenders | Unenforceable Credit Agreements | Judge Waksman Unenforceable Credit Cards & Loans taken before April 2007 Thanks!

Hi guys! I just came across an article about the new Guidance that will be produced by OFT. I will post the link to the article but what confuses me is the outcome of the proposed changes! From what i read i think that NO ONE who has outstanding debt to any of these payday loans companies can not and Must not be forced to pay back unless they have written contract signed from both parties! Pls, tell me what u think cos if this is true we might become richer 8-) The Link to the article: FT.com / UK - Ruling to force lenders to write off debts