I am sorry to seem difficult or negative but one of theproblems with sites like this is a failure to understand what you are advising on.

I do see the value of some of the things that are said but I take exception to posts like these. The legislation under the CCA 74 alows for loans that have been artifically made over the 1997 ceiling to be challenged under the act.

Another point I would make is that if the loan was unregulated then 'ringing them up' would result in nothing. Advice like this will cost people their sanity and in some cases their houses. I see far too much bad advice given out ...........it is plain wrong. 12 months ago I was being told by similar 'experts' that mortgagges in this country could be challenged becuase of the mrotgage deed being used by the lender as a promisory note. I actually know someone who lost their home because of following stupid ideas

Arfghghghghggh