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Connaught Collections v Me


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Consumer Credit Act 1974 (Chapter 39):

 

S.78; (6); (a); (b);

 

(6) If the creditor under an agreement fails to comply with subsection (1)--

(a) he is not entitled, while the default continues, to enforce the agreement; and

(b) if the default continues for one month he commits an offence.

 

http://www.crw.gov.uk/resources/consumercreditact1974.pdf

 

Regards, Dave.

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Nobody knows - it is either credit card or loan - not bank account, fixed sum purchase or overdraft.

Edit!

Loan = s.77 (fixed sum)

Credit Card = s.78 (running account credit).

 

It might be an idea to find out which it actually is, however, the default and offence time scales are the same.

 

Regards, Dave.

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