I have just come across this, I am quite interested in what you guys think. I have deleted the companies name because it could be classed as advertising & I'm not one for breaking rules. I have had dealings with this company before.
ARE YOUR CREDIT CARD AGREEMENTS WORTH THE PAPER THEY ARE WRITTEN ON?
HOW COULD YOU BENEFIT IF YOU WERE ABLE TO ELIMINATE YOUR CREDIT CARD AGREEMENTS & THEIR ASSOCIATED DEBTS ETHICALLY, LAWFULLY & WITHOUT PENALTY?
IMAGINE IF YOUR CREDIT CARDS WERE WIPED OUT
How would your life be changed?
(The company) ensures the process of checking your credit card agreement is very simple. We ask you to fill in a simple form & then within minutes we will inform you if your credit card agreement is ENFORCEABLE.
If your credit card agreements are UNENFORCEABLE, our legal team will act on your behalf to have your credit card agreements wiped out.
It really is that simple.
(The company) provides auditing services to check that your credit card agreements comply with the Consumer Credit Act 1974.
There are approximately 50 million Credit Agreements created in the UK each year. In our experience we estimate that well over 50% of these credit agreements are unenforceable.
You inform us as to how many and which claims that you wish to pursue
A 295 charge is required per credit agreement; this is completely refundable if there is no claim to pursue.
This is only the millionth time someone has posted this :rolleyes:
Really? I did try searching so not to replicate!
Sorry about that!
D#
It's really not hard to request copies of your CCAs and make sure that the relevant information has been included on the form.
Check up on application forms and other guidance on the forums and request a new copy from your lender if needed (this will only cost 1-2).
No point in paying someone a few to do it for you mate.
I'm not one for breaking rules.
This made me laugh!!! But you're willing to break the contract you signed up to with a credit card company??
Think you need to make your own mind up on this one - it has been exhaustively debated on these forums.
Regards
UNDERGROUND :D
Please read my posts underground, before chirpin up.
With regards to the credit card - NO CONTRACT WAS SIGNED!
Please read my posts underground, before chirpin up.
With regards to the credit card - NO CONTRACT WAS SIGNED!
'signed up to' being a figure of speech not necessarily meaning a physical signing, but that you entered into an agreement (ie. borrow money, pay back money) and are willing to break it.
And no I haven't been through all your posts, just the ones in this thread and it is these posts I am responding to.
I'm not knocking you, so don't take personal offense - to pursue this line is a personal decision. The topic really has been done to death.
Regards
UNDERGROUND :D
Don't touch this sort of company with a 100ft bargepole.
Claims regulator and OFT warn consumers about risks of being misled over the enforceability of consumer credit agreements (http://www.oft.gov.uk/news/press/2008/consumeralert)
Claims regulator and OFT issue consumer alert.
Claims regulator and OFT warn consumers about risks of being misled over the enforceability of consumer credit agreements
MoJ/OFT Consumer alert 21 August 2008
The Claims Management Regulator at the Ministry of Justice and the Office or Fair Trading (OFT) are warning consumers to think carefully before responding to businesses claiming that they can arrange for outstanding balances under loan, credit card and other consumer credit agreements to be written off and secure compensation.
Consumers are advised to seek independent advice before using the services of businesses that offer to find ways to render consumer credit agreements unenforceable. Businesses can only provide claims services if they are authorised and regulated by the MOJ under the Compensation Act 2006. Such businesses may also need to hold an appropriate OFT consumer credit licence.
Consumers may be asked to pay large up-front fees, often up to 500, for the businesses to review their credit agreements. Some businesses are claiming that many of these agreements are completely unenforceable, that consumers can have debts cancelled and claim back thousands of pounds. Consumers should think very carefully before committing themselves to making claims and handing over hundreds of pounds in advance to do so, even where refunds may be promised if the claim is unsuccessful.
Consumers with specific debt problems may wish to contact their local Citizens Advice Bureau who will often be able to provide advice free of charge. Free, impartial advice can also be obtained from the contacts at the end of this alert.
They can't do anything that you can't do yourself for virtually free with the help available on MSE and similar sites.
But please be aware that unless you are in fairly severe trouble with your debts, then this course may be more trouble than it is worth.
Thanks for that Fermi,
What if someone did it theselves, would they not have to hire a solicitor at some point?
Thansk again,
D~
Thsi is what Martin has to say:
Debt Problems: Where to start, what to do, where to get help (http://www.moneysavingexpert.com/loans/debt-help-plan)
Is your credit agreement challengeable?
Any credit agreement, for example credit cards, loans and catalogue agreements signed before 6 April 2007 has to adhere to a strict format set by the Consumer Credit Act. If this format is not followed you can challenge the enforceability of the agreement with your lender. Examples of errors include signatures and contact details missing from the paperwork and incorrect APR calculations.
Therefore if you are stuck in a high rate, unjust deal, you could consider challenging the agreement for legitimacy. A challenge could result in getting you a better deal, such as freezing or wiping off interest and charges or your lender accepting a ‘full and final settlement' to pay off the loan.Further info: The Citizens Advice (http://www.citizensadvice.org.uk/index/getadvice.htm#txt_getadvice_header-Anchor-search) may be able to help you with this or http://images.moneysavingexpert.com/images/forum_images/icons/icon2.gif ConsumerActionGroup (http://www.consumeractiongroup.co.uk/forum/) has some useful information.
Also please take seriously the warnings and info in the link below:
Link: Basic information on Credit Agreement requests (http://www.consumeractiongroup.co.uk/forum/legal-issues/131982-basic-information-credit-agreement.html)
As said, if you are in trouble with your debts and may face court action anyway, then it can sometimes be a useful thing to do.
Otherwise, almost certainly NOT.
