Credit Issues Limited

~Brock~

greystonesben - I really don't understand why you bother posting here. It should be fairly obvious that Claims Management Companies don't have many fans amongst the posters on this site, or many others I imagine.

It is fairly common knowledge that the 'services' they offer can be done by individuals for little or no cost.

The typical client of these companies is someone who is already past the point of no return in respect of giving a damn about their credit rating, and is likely to be in severe financial difficulties. Any company that seeks to profit from these situations is not likely to win many friends.

Even the Ministry of Justice, and the OFT, are making it very clear that they do not approve of businesses that are charging fees to claim credit agreements are unenforceable.

I suggest you continue to make hay while the sun shines, because I doubt that the sun is going to shine for very long. British weather being what it is and all that.;)

greystonesben

*Chattie* wrote: »

must.try.harder as I must of missed the post where you say you do work for them :rolleyes:

I stated in my original post that I was considering becoming a rep of theirs and at that point I was not a rep. Following quotes (as I have detailed below) clearly back this comment up. I have been a rep for them now for only a couple of weeks, however I have heard how they work and what they do before that.

greystonesben wrote:

Previous posts

21.02 Firstly, before I get scrutinised for being a newby by the regulars who appear to get a kick out of being a forum messiah, I would like to state that at present, I do not work for Credit Issues, although it is something I am considering like a previous poster.

17.03 I think I made it pretty clear in an earlier post that I was considering becoming a rep. So I know the answer to this from the information I have been given already.

19.03 Firstly, you do not know what my full time job is as I have not said. So what difference does it make if I will be doing this around my full time job?

*Chattie*

No worries, I won't bother taking the advice of a jumped up internet know it all who still can't find a post where he says he is definately a rep of this company.

sombrero

Greystonesben

You ask what is my problem? Good question!! This great website was created by Martin Lewis to help consumers. Martin Lewis has said avoid these companies and I agree with him.

This company is clearly misrepresenting itself. NO WIN NO FEE means exactly that..If there is no win there is no fee...what part of this do you not understand.

The £450 is clear profit for the company and part of this goes to its reps. No rep would take a job if the commission earned would have to be repaid months down the line...

greystonesben

~Brock~ wrote: »

greystonesben - I really don't understand why you bother posting here. It should be fairly obvious that Claims Management Companies don't have many fans amongst the posters on this site, or many others I imagine.

Because people have been 'slagging off' a company which they do not have the facts about and are tarnishing all 'claims firms' with the same brush. I appreciate, the majority of people on this site are going to be against the principle of it, but in all fairness, financially speaking, the financial knowledge demographic of registered users on this site does not represent your average public demographic.

I would say that those registered on this site have a higher than average understanding of finances and a higher than average interest in all things financial. Therefore, the people on here are going to be more likely to do it themselves as they will have a higher confidence to do so.

~Brock~ wrote: »

It is fairly common knowledge that the 'services' they offer can be done by individuals for little or no cost.

Seems to go in one ear and out the other on here.[/quote]

Here it is just for you in bold and slightly larger, so I hope it sticks...

Yes, I am fully aware you can do this yourself and people have done it themselves in the past. However, not everyone in the world will want to do it themselves, therefore there is an industry for this.

Similar to a mortgage broker really, you can do it all yourself but a lot of people dont!

~Brock~ wrote: »

The typical client of these companies is someone who is already past the point of no return in respect of giving a damn about their credit rating, and is likely to be in severe financial difficulties. Any company that seeks to profit from these situations is not likely to win many friends.

So by helping them get out of that 'trouble' is not infact helping them you say? So let me get it straight... Joe Bloggs struggles to put food on the table because he has very high debts (for whatever reason) and bearly makes ends meet. He (as you say) probably doesnt give a damn about his credit rating and is classed by some as being in severe financial difficulty.

If CI can get the credit agreements deemed unenforcable which means he no longer has to pay these debts then surely that is helping these people. He can then afford to concentrate on other bills like the mortgage and paying for essentials like food. Stress levels reduce and the client can breathe again.

Yes CI will get paid for this but what would you prefer, if CI didnt help, poor old Joe's debts would get the better of him, he would probably end up bankrupt, maybe reposessed and emotionally crippled because of it! But thats ok, because atleast a firm who you do not agree with hasnt earned any money out of it. :rolleyes:

~Brock~ wrote: »

Even the Ministry of Justice, and the OFT, are making it very clear that they do not approve of businesses that are charging fees to claim credit agreements are unenforceable.

And where is your source for this? And why if this is the case have the MOJ given licences to these companies? Why are licences not revoked?

As far as I am aware, the only thing the MOJ have said so far is they are not happy with misleading advertisement and have infact fined one company already.

greystonesben

*Chattie* wrote: »

No worries, I won't bother taking the advice of a jumped up internet know it all who still can't find a post where he says he is definately a rep of this company.

I am not claiming to be a know it all Chattie. I am just replying with answers to the points being made. It is called discussion.

You however, accused me of 'pretending' I presume by this you mean pretending I was not a rep. I responded with proof of where I have shown I was not pretending to not be a rep of the company.

Surely if I was pretending to not be a rep of the company I would not have mentioned I was considering becoming a rep? That would have blown my 'cover' straight away! :rolleyes:

~Brock~

greystonesben wrote: »

Because people have been 'slagging off' a company which they do not have the facts about and are tarnishing all 'claims firms' with the same brush. I appreciate, the majority of people on this site are going to be against the principle of it, but in all fairness, financially speaking, the financial knowledge demographic of registered users on this site does not represent your average public demographic.

I would say that those registered on this site have a higher than average understanding of finances and a higher than average interest in all things financial. Therefore, the people on here are going to be more likely to do it themselves as they will have a higher confidence to do so.

Seems to go in one ear and out the other on here.

Here it is just for you in bold and slightly larger, so I hope it sticks...

Yes, I am fully aware you can do this yourself and people have done it themselves in the past. However, not everyone in the world will want to do it themselves, therefore there is an industry for this.

Similar to a mortgage broker really, you can do it all yourself but a lot of people dont!



So by helping them get out of that 'trouble' is not infact helping them you say? So let me get it straight... Joe Bloggs struggles to put food on the table because he has very high debts (for whatever reason) and bearly makes ends meet. He (as you say) probably doesnt give a damn about his credit rating and is classed by some as being in severe financial difficulty.

If CI can get the credit agreements deemed unenforcable which means he no longer has to pay these debts then surely that is helping these people. He can then afford to concentrate on other bills like the mortgage and paying for essentials like food. Stress levels reduce and the client can breathe again.

Yes CI will get paid for this but what would you prefer, if CI didnt help, poor old Joe's debts would get the better of him, he would probably end up bankrupt, maybe reposessed and emotionally crippled because of it! But thats ok, because atleast a firm who you do not agree with hasnt earned any money out of it. :rolleyes:



And where is your source for this? And why if this is the case have the MOJ given licences to these companies? Why are licences not revoked?

As far as I am aware, the only thing the MOJ have said so far is they are not happy with misleading advertisement and have infact fined one company already.

My word, they really have brainwashed you haven't they? :eek:

sombrero

Greystoneben

Seems after two weeks of being a rep for this company you are an expert in the field of finance. Dont think I will be a client of you or your company!!!

*Chattie*

greystonesben wrote: »

I am currently considering becoming a rep for CIL, I am eager to see the result of these test cases and do not believe it is a scam. I know it is not.

Anyone considering the services of CIL should make their own informed decision. Just read the T&C's. Yes some of the posts may have been 'plants' but equally they may be genuine. You dont have to take the advice of some jumped up internet know it all who would easily be able to do it all himself/herself, so therefore assume everyone else can do it all too!

must.try.harder:rolleyes:

greystonesben

sombrero wrote: »

The £450 is clear profit for the company and part of this goes to its reps. No rep would take a job if the commission earned would have to be repaid months down the line...

Yes ML has condoned these companies but the 'financial god that you all think he is' let himself down when in the same breath as saying 'dont touch them with a barge pole' he says that he is 'still unclear on all the facts' and is 'looking into it further'.

A little hasty to condone something you do not fully understand I would say. I completely understand that this industry can severly divide peoples opinions, normally based on morals. However, just because you do not think it is morally right, does not mean that it cannot and has not helped a lot of people out!

The £450 is not clear profit, that comment shows your clear lack of understanding. For it to be clear profit, it would means the costs have already been taken out. And all that is irrelevant when you refund the fee's which CI do if the case is deemed enforcable.

And your comment re 'Rep's taking the job if commission is reclaimed months later' I guess you are not familiar with life insurance commission and the way that this works are you? There are many people out there who make a very good living out of selling life insuranance and the premiums can and often are clawed back months and sometimes years after the commission is paid! It is because they know that for every case clawed back, there will be many that go through.

Cases are vetted before applications are submitted. CI are not just taking upfront fee's from everyone and anyone. Most if not all cases submitted are done so only when the cases are checked to be made sure they are pre April 2007, are more than £2k in total and less than £25k per agreement, are in personal name rather than business and do not have previous CCJ's on the debt in question.

Cases will then be looked at and if there are flaws in the agreement, it stands a chance in going somewhere, if not, then a refund is issued.

Hopefully that clears that up.