Financial Agreement Claims – Help for Families During the Credit Crunch.

Financial Agreement Claims

Are you feeling the pinch during the credit crunch? Help may be at hand in the form of a new finance claim. This new and fast growing financial claims allows customers to audit any finance agreement taken out since April 2007 to assess whether it has issues which could make it unenforceable. All agreement must follow the rules laid down in the 1974 Consumer Credit Act. Many agreements fail to do this. This means you may be able to wipe out your credit card and loan balances. It doesn’t matter if you are in arrears or following a debt management plan or IVA. You can still claim.

The types of agreements which are potentially unenforceable are;-

* credit card agreements
* store card agreements
* car finance agreements
* hire purchase agreements
* unsecured loans
* consolidation loans

You need to find a reputable financial claims management company to act on your behalf. How do you find one from the ever increasing number? And what do you look for?

Up front fees

This is a sore point for some people who wonder why ‘upfront fees’ are charged at all. The vast majority of financial claims managers charge fees in order to carry out a full and detailed audit. These range from around £195 to £495. Basically this is to look at your agreement in detail and assess it for breaches. There is a great deal of work involved. The process takes up to a year at the moment. The rational behind this is that the companies need some form of liquidity as every business does. The fees are refunded if your agreement is found not to be unenforceable. Some companies take a small administration fee.

Call 0845 475 5435 for a FREE audit with NO back end fees at all!

Auditing – Don’t be mislead

Your agreement must be obtained from your lender before you have a definitive answer as to whether you have an unenforceable contract or not and this will cost you £10 usually. Some companies offer this free and some request £1.00 which is the minimum fee stipulated under the data protection act. It is only after a full audit that you will know if you have a claim or not. Some companies mislead clients by saying they offer a free audit when in reality they ask the same preliminary telephone questions that all companies ask to establish if it is worth considering a full audit or not. For example was the agreement taken out prior to April 2007? What is the balance? Different companies claim for different balance amounts. Who is the lender? Some have more of a reputation for writing unenforceable agreements than others. This is not a full audit. As far as I know there is no company out there yet which offers a solicitors audit – free.

Successful Claims

The majority of companies have been in business for over a year now. Some will be ‘introducers’ for other main companies. They should be able to tell you how many successful claims they have achieved and the length of time it took to achieve the results.

Back end fees

Some companies charge fees at the completion stage of your claim. Be sure to ask if this is the case for you. Some charge 30% while some charge a fix amount of £1000. Most companies don’t charge any fees.

Other fee structures

I have come across some peculiar fee structure whereby some companies offer to handle your claim for you paying them six months credit card repayments. Others offer to take over your debt for you and leave you debt free in six weeks. I would not take these seriously. There are plenty of straightforward ways to clear your cards for a reasonable fee, no misleading promises of a free audit and certainly no back end fees.

Time scales

The process is a long one relying on the co-operation of your lender which of course is not likely to be forthcoming. The legal to and fro-ing will take up to a year. There is no way to avoid this so claims of speedy conclusions, at the moment, are false. The lenders use all sorts of tactics to delay matter for example refusing to send the copy of the agreement to your claims manager but only dealing with you and completely ignoring the requests made by your solicitor.

Credit Card Crisis! How many cards do YOU have? Write Them Off!

Credit Card Crisis

How many credit cards are too many? Remember when you got your first credit card? There was probably a feeling of excitement or appreciation for the fact that this little piece of plastic somehow meant that you were maturing into the responsible adult you always thought you’d be.

Then came the next one and the next one after that. Eventually, after you got a decent job and starting accumulating bills and other loans, you began to get more than a few credit cards in the mail every month. Many of those said you were preapproved and all you had to do was call a phone number and you’d have yet another credit card in no time. That’s where the problem started. Most people have at least three or four credit cards. In some cases, people have accumulated more than nine or ten credit cards. It comes to the point where you have to ask yourself ‘how many credit cards do I really need?’ To speak the truth, all those easily attained credit cards were just a trap trying to get you to spend money on them so that yet another company would be able to hold you accountable for an unpaid debt.

And if you’re one of those people who just kept spending money on all the credit cards you had, you’re probably feeling the tight squeeze of owing so much money to so many different credit card companies. This is where it stops. Realistically, a person doesn’t need that many credit cards. One good method of maintaining a good financial record is to limit the number of credit cards you have. You should have one main card that you use. This card should be the one with the lowest interest rate, and the one that gives you the most benefits in terms of reward plans and credit limit. Every 12 months or so, you can request an increase in your credit limit. If you are a good customer then they will likely grant that request.

It is a good idea to have another credit card with a reasonable interest rate and relatively high credit limit as well. But this should be a card that is rarely used (a good tip is to only have one or two minimal charges on this card simply to keep it active and open) and is mainly kept as a means of a “back-up” plan should you need a larger amount of money for an emergency or an unexpected and necessary purchase. It’s up to you whether or not you would have a third one, but if you do, stick with the same plan you have for the second card and do not use it often. There is absolutely no need to keep acquiring credit cards and piling up a large list of debts owed.

Consolidate on one card and keep another as a “just in case” credit card. Any additional credit cards will only give you headaches and leave you with empty pockets.

If you have credit agreements taken out before April 2007 there is a new unenforceable credit agreement claim which is becoming more and more known about here in the UK. It is possible to have your credit finance agreements –agreements such as credit cards, store cards, secured and unsecured loans, car finance agreements, and those with payment protection insurance ( PPI) ‘audited’. They may not comply with the terms of the 1974 Consumer Credit Act and if they do not they are unenforceable credit agreements. This means you can claim to have them written off. That is the balance completely cleared. For NO FEES at ALL a solicitor with handle your claim. This is on a no-win-no-fee basis so it is risk free. Many people like me, have found this to be the perfect solution to their debt problems.

Call 0845 475 5435 NOW to make a claim.

How You Can Write Off Your Credit Card and Loan Debts

Write Off Your Credit Card and Loan Debts

Are you being crushed by the credit crunch? Having difficulty with your finances. I know how it feels! I have been there. Sleepless nights and that churning feeling inside. But don’t panic. Financial help is now at hand in the form of a NEW financial claim which is set to explode in the UK! You can write off your credit card and loan debt.

It is not a scam as some people may think. The banks been expecting this for many years which is why some lenders have set aside a large amount of funds to pay for all of this. Don’t worry about the banks though. As we have all seen in the media lately the banks are not short of funds because they make 9 Billion pounds a year in interest from credit card holder. But they cannot it appears, adhere to the law in the manner in which they draw up the finance agreements we sign. The law which was designed to protect us the consumer.

So how is it possible to write off the balances on your credit cards and loans you may be asking?

It is now thought that many credit finance agreements such as those for credit cards, store cards and cars are legally flawed and so invalid and unenforceable! Some lenders have been taken to court and been forced to write off the debts and in some cases been made to pay compensation. These debts can be legally written off by carefully examining or auditing the credit agreements to establish if it complies with the Consumer Credit Act of 1974 . If it doesn’t then you will be able to make a claim through your solicitor to write off the debt. It is not a debt management programme, IVA or bankruptcy. These programmes can be costly and the consequences can stay with your for years to come.

So what is the process?

It is simple and easy and will cost you NOTHING! It is totally free. Firstly, with your signed permission your solicitor will request your credit agreement from your lender. Secondly, the agreement will be carefully audited for breeches in the terms and conditions of the consumer credit act. Thirdly, if breeches are found which is usualy the case, the solicitor writes to your lenders and states your claim to write off the credit card debt on your behalf. All this is carried out on a no win no fee basis and you don’t have to pay ANY back end fees and you keep all your compensation if awarded. . If you have taken out any finance agreements prior to April 2007

How You Can Clear your Debts Easily and Legally.

Clear your Debts

Do you need to do something about your credit card and loan debt ? Are your monthly payments out of control? Can’t see a way out of the spiral of debt? If you are worried – why not have your credit card and other finance agreements audited to see if they are in fact invalid and therefore unfair and unenforceable agreements. Don’t even think about bankruptcy until you have considered this option.

What does this mean? Is this a scam you are probably thinking. Over the last five years there has been an increasing number of court cases where ordinary people have taken their lenders to court and had their credit card and loan balances written off due to them being deemed unenforceable agreements and in some cases been awarded compensation too. The most famous being Mr and Mrs Rankine who appeared on the BBC Panorama Programme recently.

It isn’t debt management, an IVA or bankruptcy. It is a new and rapidly expanding industry which examines your credit agreements taken out before April 1974 to see if they comply with the terms and conditions of the 1974 Consumer Credit Act. The act was put in place to protect the consumer but the banks and lenders ignored this. This Act states what MUST be contained in your agreement and if it does not- it is unfair and unenforceable. And you can therefore claim to wipe out the balance of your credit cards and loans.

It is a straightforward, easy process. You legal representative will, with your written permission, ask your lenders for copies of the credit agreement you may have signed. This will then be audited and if any non-compliance or breeches are found it will be an unenforceable contract. And you can then claim to have it written off. Your solicitor will handle the whole thing for you on a no win no fee basis., for an audit fee of £295. There is no risk as this is refundable if your credit agreements are found to have no grounds for a claim. And you keep the entire claim amount with no back end fees.

Did you know that many finance agreements taken out before April 2007 are unenforceable! Its true. Most of them DO NOT comply with the terms and conditions of the 1974 Consumer Credit Act. And this makes them invalid and unenforceable. Now you can find out if your credit agreements are unenforceable by having them audited by a solicitor. This could give you freedom from debt and peace of mind.

Clear Your Credit Card and Loan Debts- Legally!

Clear Your Credit Card and Loan Debts

Are you worried about being able to pay your monthly credit card, store card and loan bills? Losing sleep worrying about how you will ever be able to clear your credit card balances?

Imagine if you could clear your credit card debts. Imagine being debt free? Imagine never having to make another credit card or loan repayment? Well you don’t have to imaging any more! Financial help is now at hand in the form of a NEW financial claim which is set to sweep across the UK! You can legally clear your credit card and loan debt.

It is not a scam as some people may think. The banks have seen it coming for many years which is why some lenders have set aside a large amount of funds to pay for all of this. Don’t worry about the banks though. As we have all seen in the media lately the banks are not short of funds. They can afford to pay their Directors well for the services they have provided. But they cannot it appears adhere to the law in the manner in which they draw up the finance agreements we sign. The law which was designed to protect us the consumer.

Did you know that many of finance agreements taken out before April 2007 are unenforceable! Its true. Most of them DO NOT comply with the terms and conditions of the 1974 Consumer Credit Act. And this makes them invalid and unenforceable and you can apply to the court to clear them. Now you can find out if your credit agreements are unenforceable by having them audited by a solicitor. If any breaches are found your solicitor will deal with your claim on a no win no fee basis and you will be able to clear your credit card and loan balances.

It is not debt management, IVA or Bankruptcy but a perfectly legal process whereby you are able to challenge the validity of the agreement you made with your lenders. It is a straightforward process carried out on a no win no fee basis. How is this possible you may be asking? There have been many successes to date. The most famous being that of Mr and Mrs Rankine who appeared on the BBC Panorama programme recently. Your solicitor asks your lender for a copy of your credit agreement. Then it is audited to see it complies with the 1974 Consumer Credit Act. If breaches are found your credit agreement may be unenforceable and you can apply to clear the balance. Your solicitor writes to your lender on your behalf saving you time and stress of having to do this yourself. The process takes about nine months to one year depending on how quickly your lenders reply to the requests for your account document made by your solicitor. There are thousands of people who are having problems with debt and a company who can help you to write off your debts is surely a great thing.

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