MBNA BANK IN DOCK OVER AN £8,000 CREDIT CARD BILL

A COURT has wiped out an £8,000 credit card bill because of mistakes made by the issuing bank when it set up the deal.

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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 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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Managing Debt and Deficit

Two people we know of (let’s call them Gordon and Alistair) are unfortunate examples how ignoring mounting debt can lead to heartache and worries. Addicted to spending, they now face the future with uncertainly, not knowing who to turn to and being harassed by the young upstart neighbour David and suffering lectures from the crotchety [...]

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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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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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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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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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Is Payment Protection Insurance a Paper Tiger?

If you’ve ever taken out a personal or secured loan, a mortgage, credit card or store card then you were probably sold Payment Protection Insurance

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Avoiding Rental Repossessions

It’s not just homeowners and those with a mortgage that are feeling the crunch in the current economic climate!

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Debt and the Family

Personal debt in the UK was £1,457 billion at the end of January 2009 and someone is declared bankrupt or insolvent every five minutes.

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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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Credit Issues breaks through £1million | Consumers urged to challenge ‘unenforceable debts’

Consumers are being urged to continue the battle against lenders collecting legally unenforceable debts by Credit Issues after it announced successfully challenging over £1million worth of consumer debt so far in 2009.

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