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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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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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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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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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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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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Don’t be pushed into bankruptcy – challenge unenforceable loans and credit cards

Figures published today by the Insolvency Service show the number of personal insolvencies reached 29,774 in the first quarter of 2009 – an increase of 1.6% on the previous quarter and 19% on the same period a year ago.
The figures consisted of 10,713 Individual Voluntary Arrangements (IVAs), an increase of 12% on the corresponding quarter [...]

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People Abandon Saving to Repay Debt

The credit crunch crisis has triggered a dramatic retreat from savings last year, as for the first time since 2000, British consumers are paying off more than they borrowed.
Last January, consumers borrowed 66 pence for every pound they saved. However, when financial turmoil struck in the summer, there was a rapid turnaround and by the [...]

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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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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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Write Off Credit Card Debt – How To Legally Write Off Credit Card Debt

Would you like your credit card debt to be completely written off?
Do not confuse with unfair bank charges or re-claiming banking ‘fines’. Specialists can analyse whether your credit card balance is unenforceable. If this is found to be the case your balance could be cleared, written off and cancelled.
Not many people are aware that many [...]

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Credit Issues Successfully Challenges Intrum Justitia Again!

The client in question approached Credit Issues to look at what could be done to help following the assignation and sale of the debt by a major lender to the self styled Swedish “credit management” company

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Check My Credit Card Agreement

You should check your credit card agreement to make sure it complies with the requirements of the 1974 Consumer Credit Act. Because if it doesn’t, you don’t have to pay it, and it’s as simple as that!

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Claim Back Unenforceable Loans | Missold PPI | Under the Consumer Credit Act 1974

In the UK debt for individuals stands at around £1.2 trillion this includes personal debt consisting of credit/store cards, loans and mortgages, comparing against the rest of Europe the UK has nearly double of the debt for individuals.

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Write Off Unfair Personal Loans | Millions May Sue Over Unfair Loans | Wipe Out Debt

Millions of borrowers may be entitled to claim back a chunk of their loans because lenders have made mistakes with their contracts.

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Credit Issues successfully challenges £16k credit card balance

The client in question approached Credit Issues to look at their original agreement with the lender following the sale of their debt to a debt recovery agency after having fallen behind with their credit card payments.

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Unfair Credit Cards and Loans. Can you have them written off?

There is a NEW financial claim which is sweeping across the UK! It has been discovered that many finance and credit agreements signed before April 2007 have been written in such a way that they breach the terms of the 1974 Consumer Credit Act

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What is an unenforceable credit agreement?

Sometimes referred to as an unenforceable, unfair, or flawed credit agreement, your credit card, store card or personal loan agreement will probably be regulated by the Consumer Credit Act

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Legal Ways to Write-Off Credit Card Debt, Consumer Credit Act 1974, Individual Voluntary Arrangements

It may be possible to write-off credit card debt legally under the Consumer Protection Act 1974 or with a debt solution, such as an Individual Voluntary Arrangement.

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How To Legally Write Off Credit Card Debt

The amendment of the 1974 Consumer Credit Act in 2006 seems to have caused quite a few cats to pounce on quite a few pigeons. In particular, whether or not people can write off credit card debt by following the new provisions of the Act has become quite a bone of contention.

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Consumers urged to battle ‘unenforceable debts’

Consumers are being urged to continue the battle against lenders collecting legally unenforceable debts by Credit Issues after it announced a target of challenging £10 million of consumer debt in 2009.

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