“[1] This is a judgment upon five related claims concerning Mr and Mrs Rankine and their financial affairs under theConsumer Credit Act 1974 and 20 ancillary Regulations. [2] Mr and Mrs Rankine profess to be financial advisors and have some limited qualifications in the provision of financial services. They are the directors of two apparently dormant limited companies, [MNL] and Mortgage Love Limited. Since at least 1996 they have personally had credit 25 from various financial institutions under credit card agreements and personal loans. [3] Recently eight (I believe) claims arrived in various courts in the Birmingham Civil Justice Centre about the Rankines’ financial affairs. These are just five of them and an undisputed schedule of debts amounts to 30£20,231.50 and£17,334.80 in the cases of Mr and Mrs Rankine respectively. During evidence, Mr Rankine boasted to the court that they had managed to wriggle out of a further£65,000 of similar debts by raising Consumer Credit Act legal technicalities leaving the financial institutions to write them off as bad debts rather than take the trouble and expense of litigating for dubious 35 reward by enforcement against two individuals who are apparently on income support … [5] Mr and Mrs Rankine have represented themselves throughout all these claims and have been granted the usual indulgences to litigants in person by the court and the advocates appearing for the financial institutions. However, 40 Mr and Mrs Rankine have misused those indulgences to a great extent by producing blizzards of lengthy, argumentative and incoherent pleadings and witness statements that has meant the overriding objective has been impossible to achieve … [9] It is worth remembering that … the CCA … was introduced to protect 45 the individual unsophisticated in financial affairs in contracts with unscrupulous and sophisticated financial institutions. It was not designed to 5 help individuals … make money out of financial institutions through exploiting its undoubted technicalities.”
“The burden of a contract can never be assigned without the consent of the other party to the contract in which event such consent will give rise to 30 novation … every lawyer knows that the burden of a contract cannot be assigned ….”
“It is trite law that debts are only assignable with the consent of the creditor. 35 There is no evidence that any of the relevant consumer creditors have consented to the assignment of any consumer debt to Momentum.”
“(1) A person may not provide regulated claims management services unless— (a) he is an authorised person, 35 (b) he is an exempt person, (c) the requirement for authorisation has been waived in relation to him in accordance with regulations under section 9, or (d) he is an individual acting otherwise than in the course of a business. 40 (2) In this Part— (a) ‘authorised person’ means a person authorised by the Regulator under section 5(1)(a), 8 (b) ‘claims management services’ means advice or other services in relation to the making of a claim, (c) ‘claim’ means a claim for compensation, restitution, repayment or any other remedy or relief in respect of loss or damage or in respect of an obligation, whether the claim is made or could be 5 made— (i) by way of legal proceedings, (ii) in accordance with a scheme of regulation (whether voluntary or compulsory), or (iii) in pursuance of a voluntary undertaking, 10 (d) ‘exempt person’ has the meaning given by section 6(5), and (e) services are regulated if they are— (i) of a kind prescribed by order of the Secretary of State, or (ii) provided in cases or circumstances of a kind prescribed by order of the Secretary of State. 15 (3) For the purposes of this section— (a) a reference to the provision of services includes, in particular, a reference to- (i) the provision of financial services or assistance, (ii) the provision of services by way of or in relation to legal 20 representation, (iii) referring or introducing one person to another, and (iv) making inquiries, and (b) a person does not provide claims management services by reason only of giving, or preparing to give, evidence (whether 25 or not expert evidence). (4) For the purposes of subsection (1)(d) an individual acts in the course of a business if, in particular— (a) he acts in the course of an employment, or (b) he otherwise receives or hopes to receive money or money’s 30 worth as a result of his action.”
“(1) For the purposes of Part 2 of the Act, services of a kind specified in paragraph (2) are prescribed if rendered in relation to the making of a 5 claim of a kind described in paragraph (3), or in relation to a cause of action that may give rise to such a claim. (2) The kinds of service are the following— (a) advertising for, or otherwise seeking out (for example, by canvassing or direct marketing), persons who may have a cause 10 of action; (b) advising a claimant or potential claimant in relation to his claim or cause of action; (c) subject to paragraph (4), referring details of a claim or claimant, or a cause of action or potential claimant, to another person, 15 including a person having the right to conduct litigation; (d) investigating, or commissioning the investigation of, the circumstances, merits or foundation of a claim, with a view to the use of the results in pursuing the claim; (e) representation of a claimant (whether in writing or orally, and 20 regardless of the tribunal, body or person to or before which or whom the representation is made). (3) The kinds of claim are the following— … (f) claims in relation to financial products or services ….”
“A business shall observe all laws and regulations relevant to its business.”