Consumer Credit Act 1974: Primary legislation governing credit agreements and consumer protections in debt contracts. Essential when the debt involves a consumer party.
Limitation Act 1980: Sets statutory time limits for bringing claims related to debt recovery, generally 6 years for simple contracts and debt claims.
Law of Property Act 1925: Key legislation when the debt is secured against property, governing the legal framework for property-backed debt.
Financial Services and Markets Act 2000: Regulatory framework for financial services and activities, relevant when debt involves regulated financial activities.
Consumer Rights Act 2015: Governs unfair contract terms and consumer protection, particularly important when one party is a consumer.
Interest Act 1838: Historical legislation governing the application and calculation of interest charges on debt.
Late Payment of Commercial Debts (Interest) Act 1998: Regulates interest on late payments in commercial transactions between businesses.
Unfair Contract Terms Act 1977: Sets out rules regarding contractual fairness and reasonableness in contract terms.
Consumer Protection from Unfair Trading Regulations 2008: Protects consumers from unfair practices in debt arrangements and related trading activities.
Common Law Contract Formation Principles: Fundamental requirements for valid contracts including offer, acceptance, consideration, and intention to create legal relations.
