solicitor and Insolvency Practitioner will obtain and check your original
loan or credit card agreement. If certain clauses in the contract do
not comply with the provisions of the Consumer Credit Act 1974 and ancillary
Regulations (up to 75% will not) then the debt will be deemed unenforceable.
Our legal team will ensure that the lender wipes the debt from your
credit record. Also, the debt will be legally "written off"
after 6 years.
We are registered
under the Data Protection Act 1988
to any of the following types of credit agreement:
Secured and Unsecured Loan
Car Loans/Finance (up to £25,000 each)
1 You must intend to clear existing credit card or loan debt
2 Resident of England, Wales or Northern Ireland
3 Have unsecured debts of over £1,000
4 Have at least one credit card or loan
5 The Credit Card or loan taken out before 6th April 2007
If you qualify in
terms of all the above then apply in confidence to the following:
an unenforceable credit agreement application here
The Consumer Credit Act of 1974 allows borrowers to
challenge unfair credit agreements. Credit Agreements up to £25,000
and issued before 6th April 2007 must comply with the terms of the Act.
Most UK banks and lenders have not followed their legal obligations
under the Act over the years. This means that your credit agreements
may be legally unenforceable. Recently, a high percentage of those agreements
that have been challenged have been found to be unfair and unenforceable.
The result is the debt can be written off as it cannot be collected.
Solicitors manage every case. We take details of your
debts and our specialist legal team challenge the agreements with the
lenders. They obtain documentation on your behalf and then verify the
legality of the contract. Our legal team will then, via specific correspondence,
prove that your agreement is not valid. As it is unenforceable, they
will require the card company to write off the debt. In any event you
do not have to pay anything further as the agreement would be unenforceable.
Our Debt Write Off
Pack contains all the information and documents you need. Apply now
for a no-obligation assessment by entering your name and email address
(the telephone number is optional) in the boxes above.
The implications for legally withholding payment of a debt in the event
of no credit agreement being found are mixed. The creditor may register
defaults (despite knowing that they are giving false information) and
this will involve court hearings to get these removed which could be
long and protracted.
If you handled this
yourself (which you could by using publicly available paperwork) you
would then need to know how to prepare your case for such court hearings,
and how to handle any subsequent counterclaims by the creditors. Then
there is always the danger of massive legal fees should there be delays,
etc. This is why it is better to use a solicitor experienced in this
specific field - as it could be a minefield.
Much publicity was
given recently to the man who decided to take on his creditors himself
and quashed £100,000 worth of debt. He succeeded, only to be handed
a £100,000 legal bill.
By using a qualified
legal team there should be no need to attend court hearings.
Also, please note
that this is not a debt management plan or an IVA,
where the debt is written off over 6 years. This is a response to the
law which says that lenders offering loans without proper documentation
cannot enforce recovery of the debt resulting from them.
We are also affiliated
to IVA and debt management specialists, if that should be more suitable
to your own circumstances. We can also put you in touch with highly
competitive loan providers, if you really can afford to get yourself
into more debt (but we recommend reducing your existing debt, or writing
it off altogether).
Write off credit
cards before April 2007