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WANT TO WRITE
OFF YOUR CREDIT CARD OR LOAN WITHOUT IT AFFECTING
YOUR CREDIT?
Simply answer the following questions to see
if we can help you…
Do you have:-
• A Credit Card?
• A Store Card?
• A Personal Loan?
• Car Finance?
• A Secured Loan?
• A Hire Purchase Contract?
• Store Finance?
If yes to any of the above, was it:-
• Taken out personally?
• Originally for less than £25,000?
• Taken out before the 6th April 2007?
• With monthly repayments of over £100
for credit cards?
• With monthly repayments of over £120
for loans?
If you answered yes to the above then our solicitors
firm may be able to help you, click
here to contact us.
Just provide us with the very basic details of your
Credit commitments, which will be the name of your
original Lender, if the agreement was taken out
before April 2007 and what your monthly repayments
are. This can be done simply over the telephone
or through our website and from there we can immediately
start looking into whether your Credit Card or Loan
is unenforceable and whether it could be written
off.
You won't even need to find your old credit agreements
or contact the Lender to ask them to provide the
documents…We will do it for you. It is important
that a third party does this, as otherwise the Lenders
may not provide you as the borrower the full documentation
that we need, and you won't even need to worry if
you have lost the agreements that the lender supplied
to you, as these will be "borrowers copies"
and may vary significantly from the original documents.
Legally your Lender has to provide us with copies
of your documentation within one month; failure
on their part to do so can immediately make the
agreements unenforceable.
We only need a couple of forms filled in by you,
which shouldn't take any longer than 10 minutes…once
we have the key information required from you, sit
back and relax and let us do the work!
The length of time this process can take will vary
from case to case, however as stated above the Lender
will have up to one month to provide us with a copy
of your agreement and the other documentation, from
there we will evaluate and go through all the paperwork
in detail, for which we allow 5 working days. If,
after evaluation we believe that your agreement
may be unenforceable we will meet with you to personally
advise what further action needs to be taken. From
that point onwards, (unless we need to issue Court
proceedings) the legal procedure to achieve a satisfactory
settlement can take up to 9 months.
We will seek to write off the outstanding balance
of your credit card or loan, and in some cases it
is possible to obtain a refund of previous payments
too, however this depends greatly on the area of
law which your Lender has broken within the credit
agreement and our solicitors firm will advise you
on this accordingly.
We will charge a fee of £295 (including VAT)
for the first card and £150 for each additional
card for providing a written review. Thereafter
should you wish us to take the matter forward we
will at the review meeting inform you of the further
costs involved. Where Court proceedings are not
necessary the total costs will be the lowerof £1500
(including the initial fees paid by you) or the
reduction in the sums outstanding under each agreement
and/or any compensation you may receive. For example
if right-offs/compensation total £10,500 without
the need for Court proceedings the maximum we would
receive would be £1500.
The Law Behind It
How it Happens
Why you should use our firm
THE
LAW BEHIND IT…
The Consumer Credit Act 1974 was introduced by the
Government to provide people with specific consumer
rights protection from Lenders. Lenders in this
Country have to follow the very strict guidelines
set out in the Credit Act when it comes to all Credit
Cards, Loans and other financial agreements in respect
of credit and loans not exceeding £25,000.
The Act states that if a Lender provides credit
using a written agreement that does not fully comply
with the conditions of the Act then that agreement
becomes unenforceable under the Credit Agreement.
Therefore you as the borrower will not need to repay
the outstanding balance and may be entitled to a
refund of payments and compensation.
Credit Agreements have to strictly follow the format
set out in the Consumer Credit Act and other legislation,
however due to changing legislation and new legal
precedents, Lenders change the content of their
agreements regularly, often by inexperienced people
who make mistakes whilst drafting and amending these
agreements, and if it does not still strictly follow
the Consumer Credit Act then it can become unenforceable.
This area of Consumer Credit Law is complex and
there are a number of ways in which Credit Agreements
can become unenforceable. Should you decide to use
us we will look into it for you and explain it all
to you fully.
We will advise and provide an appraisal as to whether
or not your credit agreement is legally enforceable.
Find out if we as solicitors can help you with writing
off your Credit Agreements by click
here. We will charge a fixed fee of £295
(including VAT) for looking into this for you, plus
£150 (including VAT) for each additional card.
HOW
IT HAPPENS…
We will ascertain if your credit agreement is unenforceable
and then get the outstanding balance written off
with your Lender using the following simple steps:-
1. GIVE US DETAILS OF YOUR CREDIT AGREEMENTS,
which we will then look into and see if it qualifies
as an unenforceable agreement.
2. CONFIRMATION OF WHAT AGREEMENTS WE CAN ACCEPT,
once we have looked into this for you we will write
to you and let you know if you have a case or not,
and if you do provide you with a client care letter.
3. SEND US BACK THE PAPERWORK AND RELEVANT FEE,
once we have these back we can undertake the relevant
work for you. You will be sent our client care letter
and some forms, along with a note of our fees, which
we will need back as soon as possible to get the
case going.
4. WE WILL THEN OBTAIN THE AGREEMENT FROM YOUR
LENDER, your Lender is legally required to provide
this documentation to us.
5. WE THEN EVALUATE EACH AGREEMENT, we will
go through your agreement in detail, and if we detect
that there is a breach of the Consumer Credit Act
or other relevant legislation then we will accept
your case.
6. WE THEN ARRANGE FOR YOUR LENDER TO WRITE OFF
YOUR AGREEMENT, this process of having your
agreements written off can take up to 9 months,
but can be shorter if the Lender cooperates and
if we do not need to take them to Court. We will
also put in a claim for the refund of payments.
7. YOUR LENDER WILL THEN CONFIRM THAT YOUR CREDIT
CARD OR LOAN HAS BEEN WRITTEN OFF, and in some
cases refunds of previous payments and compensation
can also be sent to you.
It's as simple as that!
WHY
YOU SHOULD USE OUR FIRM
• Many Financial Consumer Rights Companies
can offer this service to you, however they then
delegate the work out to solicitors, we are Solicitors
and you will be dealing with us directly, unlike
impersonal, faceless internet companies.
• We will not charge you a percentage of any compensation
or refund which you may receive back from your Lender.
• We will make sure that you do not become
liable to pay your lender costs.
• We have experience in this area of Consumer
Credit Law.
• We are a local, Hastings based firm and you
can speak to your solicitor or qualified support
staff directly. |
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