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PPI's on credit agreements


vjohn82
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Hi all,

 

Just a quick question...

 

My friend took out a credit agreement in November 2005 which included PPI... he cancelled the PPI a month later and he received a revised statement for payments but no new credit agreement was signed for the actual line of credit.

 

Does this mean his credit agreement is no longer enforceable?

 

Cheers,

 

VJOHN82

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