Alternative to Credit

The OFT intends to make changes to the way in which credit card claims are made, something which had provided a loophole: the 'original agreement'.

People who are thinking of claiming against their lender for credit card charges or a large debt might find it a bit trickier under new guidelines.

If the lender was unable to produce an original agreement document within 12 days of the borrower requesting it, the debt became unenforceable. Not bad - but now lenders are likely to be allowed to produce a 'true copy' of the document. This will suffice as evidence against the borrower.


If you think it might be too risky to take a credit (or if you can't get one) there are alternatives - the prepaid card is a great way to pay without borrowing money.