Debtor gets five-year stay on unfair loan agreement

The Claims Management Company acting for Cardiff-based Peter Bentley, used the meaning of unfair relationships under Section 140A of the Consumer Credit Act (CCA) 1974 to claim that his contract with Blemain Finance was an unfair loan.

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£21bn of credit card debt unenforceable and could be written off

Claims management firms say that an average client has 10 financial products, of which four can be claimed against.

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185,000 PPI complaints to be reopened | PPI Claim

The Financial Services Authority has ordered firms to redress the complaints under new guidance that will come into force at the end of 2009.

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£60m Mortgage PPI refund due to UK consumers | PPI Claim

Consumers will receive refunds totalling £60m under plans to help borrowers adversely affected by mortgage payment protection insurance (MPPI).

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1.5m UK consumers complain about finance providers | Payment Protection Insurance

The number of consumers complaining to financial providers about the level of service received has increased by two per cent to 1.51m since 2008.

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GMAC fined £2.8m for ‘mistreating’ mortgage customers

FSA orders sub-prime lender GMAC-RFC to pay £7.7m in compensation for mistreating customers who fell into arrears

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What Happens When You Default On A Loan?

Does the bank suffer a huge amount when this happens? Well, banks are set up so that money may be created from virtually nothing. So do we expect banks to suffer when loans go bad and creditors – as sometimes happens in life – become unable to pay their installments? No.

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Write Off Credit Card Debt: Can you Do It Yourself?

It is quite possible for you to go through this whole procedure and write off credit card debt by yourself. There is nothing to stop you.
However, 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 [...]

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Write Off Credit Card Debt: How does it work?

Solicitors manage every case at every stage in order to write off credit card debt. They take details of your debts and their specialist legal team challenge the agreements with the lenders.

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Write Off Credit Card Balances and Loans Taken Out Before April 6 2007

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.

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£19 000 written off MBNA credit cards

An application was received at the Credit Issues office from a client with over £24 600 on 3 separate credit cards, with all cards being with the same bank, MBNA.

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DEBT CHIEF CRITICISES GREEDY CREDIT CARD COMPANIES

In a worrying turn of events, the average person’s debt to credit cards, store cards or bank loans in the UK has risen to £6,400, reveals a survey released today by YouGov for Guardian Group Financial.

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Recovering Extortionate Charges – MBNA | Credit Issues Ltd

Several rulings by various District Judges have validated that strategy and in most cases so far, those “true copies” have not been made available. So with no documentation forthcoming, a positive outcome for Credit Issues’ clients challenging the entire balance (whether they are being pursued by the original lending institution or the debt has been assigned to a debt collection agency) is highly likely.

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Lenders Scare Tactics and Disinformation – CCA 1974

An increasing number of consumers are realising that you can challenge legally unenforceable debts. Credit Issues has done just that with £1.5 million of consumer debt this year alone.
They’ve proved successfully that a contract which breaches the terms and requirements of Consumer Credit Act 1974 is not enforceable by the lender or the Court. People [...]

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Bank Of Scotland Write Off Debt. Why it Pays to Get the Experts!

Many claims management businesses operate what we here at Credit Issues Ltd term the “Packaging Model”, whereby they take your application and pass it on (package it up) to a solicitor who is prepared to ‘buy’ the case.

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Personal Debt In Scotland Rises

Recent data indicates that actual personal insolvencies in Scotland rose by a dramatic 137% in stark contrast to figures published on Protected Trust Deeds

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A Proven Means of Reducing Debt or Just a Scam?

Credit Issues alone has successfully challenged in excess of £1.5 million of consumer debt and increasing demand for its services has resulted in the firm aiming to challenge £10 million of consumer debt over the course of the year.

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Debt Consolidation Loans a Good idea?

Many companies claim that debt consolidation can give you a new start because it permits you to consolidate all your loans into one monthly payment, usually secured against your property.

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The Recession By Numbers

• £84m is the interest the Government has to pay each day on the UK’s net national debt of £743.6bn. This is projected to rise to £118m a day (£43bn) in financial year 2010 – 2011.
• Total UK personal debt at the end of March 2009 stood at £1,459 billion.
• Total consumer credit lending to [...]

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Challenging debt through Credit Issues

Credit Issues recent run of successes in challenging credit card and personal loan balances through the mechanism of requesting “true copies” of the original credit agreements has proved a powerful and effective approach.

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How to Clear All Your Unenforceable Credit Agreements

Over the last 12 months there has been an increase in the amount of people who find themselves in debt.
This is due to a number of reasons and matters have not improved with the onset of recession here in the UK. However, in times of doom and gloom there are always companies who re-focus their [...]

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How to clear your debts easily and legally

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 invalid and therefore unfair and unenforceable agreements.
Over the [...]

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Mis-sold investments scam similar to that of mis-sold loans

Yet another despicable banking scam hit the financial headlines today (see Money Mail) as Barclays persuaded hundreds of elderly, loyal customers to invest their life savings in a risky fund – Aviva Global.
It is one of the worst performing funds of its type and true to form, the fund’s value fell by 45% in a [...]

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Sending unsolicited credit card cheques or increasing credit limits could make entire loan unenforceable

Have you recently received a letter through the post from your lender offering you increased credit limits or providing you with credit card cheques you never asked for?
If so, and if your original loan agreement was taken out before April 2007 you may well find that the agreement is unenforceable.
It is an increasingly common and [...]

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Secret selling of PPI can make a Loan unenforceable

The Competition Commission recently ruled that lenders must stop selling Payment Protection Insurance (PPI) alongside loans after years of hard-selling techniques that raked in billions on insurance cover that often cannot be claimed on.
Along with reclaiming unfair bank charges, consumers are now thronging to get compensation for mis-sold loans and credit cards.
Ironically, one of the [...]

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