Sorry boys and girls but I'm afraid you're all talking out of your jet pipes!!
The Consumer Credit Act 1974 only covers those transactions specifically regulated by the Act. The lower limit is £100 as someone correctly posted earlier but the upper limit (originally set at £15,000 in 1974) was revised to only £25,000 a couple of years back.
The Act drafters figured anyone borrowing over that sum ought to be astute enough to manage their own affairs without the need for legislative protection!!
I tend to agree with them.
Better find another tree to bark up people. This one wont fall.
