Friday, November 19, 2004

OFT loses credit card test

Out-Law reports that the OFT has lost a test case about section 75 of the Consumer Credit Act. This section allows people to sue their credit card companies in cases of contract breach or misrepresentation for transactions ranging from £100 to £30,000 GBP. This case tested whether one could initiate an action if the supplier was located outside of the UK. The court has said no.

More details about the reasoning after the case is reported, I haven't been able to find it online yet.

1 comment:

CreditGuru said...

I do not think that it does matter whether the supplier was located outside of the UK or not. An advantage of using a credit card is that, under section 75 of the Consumer Credit Act 1974, customers who have a claim against a supplier for breach of contract or misrepresentation will generally have an equal claim against the card issuer in any case.