Loan taken out in 2005

[divadobs]

I took out a loan in 2005 but then renewed it in Nov 2007.
I understand for those people who took out a loan agreement prior to Apr 07 have had theirs written off due to a loop hole in the Consumer Act.
Am I right in assuming this would not be applicable to me because of the new agreement taken out in Nov 2007 when the Act was amended?

[bednobs]

i dont know where you have got your information from but you have been misinformed if you think that anybody who took a loan out before april 07 have had it written off!
as far as i'm aware, those credit agreements that were affected very quickly had their terms and conditions changed by the lenders to mitigate this

[divadobs]

Hi
I thought it sounded a little too good to be true! A girl in work has had 17k deleted. She said she paid �450 to a solicitor. If they can cancel the debt she pays all the money, if not, she gets �400 back.

Thanks anyway

[Postdog]

She was conned out of �50 then - nothing will happen

[pink-kittens]

I thought it was credit cards not loans?

Money Supermarket will have details - it is not 'too good to be true' in some cases.

However, if you took the loan out why the hell should you not have to pay it back??