Mis-Sold Payment Protection Insurance – How to Reclaim PPI When Mis-Sold on a Loan Or Credit Card

It is estimated 85% of customers take out loan protection insurance when purchasing a loan, credit card or a mortgage for redundancy insurance or critical illness cover. However, many customers have purchased loans without realising that payment protection is attached, or have been mis-sold credit cover with their loans, resulting in paying unnecessary insurance.

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Unenforceable Credit Agreements and Claims Management Companies – Guide to Making a Claim

If you have any unenforceable credit agreements you could reclaim thousand of pounds. You can use a Claims Management Company to help you write off your loan or credit card.

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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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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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Unenforceable Credit Agreements. Are your Credit Agreements legally compliant?

The Consumer Credit Act 1974 was introduced to protect consumers from banks and lending institutions. It sets out guidelines that must be followed by banks when providing documentation for loans and credit agreements.

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Finance Mis-Selling Under The Consumer Credit Acts & PPI/PPP/ASU Insurances

If so it may be wholly unenforceable against you !!

The topic of finance mis-selling by lenders (including the high street banks) is certainly a very hot topic on consumer websites and consumer media programmes.

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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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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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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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Credit Issues Debt Challenge Formula Proves A Winner

Credit Issues continues its recent run of success in challenging credit card and personal loan balances through the mechanism of requesting “true copies” of the original credit agreements with lenders on behalf of its clients.

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Have an Unfair Credit Card or Loan? Claim Your Agreement is Unenforceable

Under the Consumer Credit Act of 1974, there are specific rules that lenders must follow when making a new credit card or loan to a consumer. If these rules are not followed, the credit agreement can be deemed unenforceable. Unenforceable agreements can lead to debts being either reduced or completely cleared.
 
So how do you know [...]

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The Economic Slump Reinforces Importance of Good Debt Advice

During a downturn, carrying debts can be more dangerous than ever and in general, the deeper the downturn, the more important it is for people with financial problems to seek debt advice early.
1 in 33 people currently in work will become unemployed in 2009 while 2,831 people are made redundant every day. Every 4.5 minutes, [...]

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Do Northerners Need Financial Guidance?

The government has launched an “impartial financial advice service” to consumers living in the North East and North West of England through a website or via a telephone helpline on 0300 500 5000.
The service cost £12million to establish following recommendations from the Thorsen Review and aims to reach up to 750,000 people by spring 2010. [...]

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Banks hounding customers for debts which could well be unenforceable.

Have you ever received abusive and threatening telephone calls?
Well hundreds of thousands of people are getting such calls up to ten times a day and it seems there’s nothing they can do about it because it’s not from some stalker or pervert in a plastic mac – it’s from their own banks.
The Sunday Times yesterday [...]

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