Major blow for claims management companies in landmark court case - Debt Management Today: "According to reports, the judge wanted some proof, rather than just assertion, that there was either no signed agreement or an improperly executed one. The judgment says a S78 (Section 78 of the Consumer Credit Act) copy need not be a copy of the signed agreement showing the customer's and the bank's signatures and that in the absence of evidence to the contrary the court would accept that if standard practice complied with the Act then the disputed agreements also did.
It was also noted that many of the cases were “speculative” in nature and an abuse of process and that, in those circumstances, the court could award costs against the plaintiff in future."
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Replace 'credit agreement' with 'mortgage endowment', what is the difference?
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