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Complainant Name:
Mr Mike Field

Clauses Noted: 1

Publication: The Times

Complaint:

Mr Mike Field complained that a report of a recent High Court decision regarding credit card and loan debt contained a number of inaccuracies. In particular, he was concerned that the article claimed that the ruling meant that those trying to have their credit card and loan debts written off would have to pay the full amounts they owed. In fact, the complainant made clear that the case related to the transmittal of data to third party Credit Reference Agencies.

Resolution:

The complaint was resolved when the newspaper published the following clarification:

We reported (‘High Court decision on debt loophole dashes write-off hopes for thousands', October 10) that people trying to have credit card and loan debt written off by exploiting a legal loophole under the Consumer Credit Act would have to pay the full amounts they owed, following a landmark court ruling. In fact, this case dealt with the transmittal of data to third party Credit Reference Agencies in cases where a debt is considered to be "temporarily" unenforceable. The judge did not reach any view on cases where the unenforceability of the agreement is "permanent" or "irredeemable." We are happy to clarify the position.

Date Published: 80



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