By now a lot of people have discovered that they can quite legally write off their credit card debt (or most loan agreements) if it dates prior to 6th April 2007 and does not contain certain details which are now mandatory. Unenforceable credit card agreements exist if these agreements lack such details, known as the ‘prescribed terms’.
Specialist Claims Management Companies will 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 then the debt will be deemed to be unenforceable. Their legal team will also ask the lender to wipe the debt from your credit record.
This applies to any of the following types of credit agreement (not just credit cards):
- Unsecured Loans
- Credit Cards
- Store Cards
Unenforceable Credit Card Agreements: Minimum criteria:
- You must intend to write off any UK credit card debt or UK loan debt
- Resident of England, Wales, Scotland or Northern Ireland
- Have unsecured debts of over £2,000
- Have at least one credit card or loan
- The Credit Card or loan taken out before 6th April 2007
If you qualify in terms of all the above, and you would like to check if you can write off your credit card debt and/or other debts, then apply in confidence by taking the 2 minutue test at www.CreditIssuesUK.co.uk
i do hold a Barclays credit card issued before 2007 and now due to pay about 1200(one thousand and two hundred) pounds. i am not too sure whether i can write off my balance or is it only rumours? p