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Consumer Credit Act examples


Robertxc
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So am i right in saying that this blows a big hole in the 'It's a service' defence.

 

Example 17: "requests the Bank to grant him an overdraft of £20 on its usual terms as to interest and other charges. In deciding to honour the cheque, the Bank by implication accepts the offer."

 

In allowing us to go overdrawn they are accepting our requests, so unless they charge £30 to set up or increase an overdraft they are in beach of the act by imposing a £30 'penalty charge'

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