Credit Issues Ltd - Genuine or Scam?

crts666

harsh the man was asking an honest question and infact its not a scam you !!!!! these people are part of a group called the gardian group and they can help with many things from criminal law to debt consolodation so before you shout spammer get your facts right money saving experts I think not not

izools

Whatever they help with, whether they do it within or outside the confines of the law, is irrelevant.

What is relevant, and questionable, is how far should you trust a company who's business is based upon helping debtors wrangle their way out of the trust their creditors put in them.

The whole principle is based in irresponibility and is fundementally, morally flawed.

If you borrowed money - pay it back.
If you can't afford the interest - let the a/c default and pay it back interest free.
If you can't afford interest free default payments then go to an IP for an IVA.
If you can't afford IVA payments, take yourself to court and declare yourself bankrupt.

Nowhere along the line should anyone try to purposefully shirk their responsibilies, only come to a reasonable conclusion on their debt issues. There are plenty of free advisory services like CCCS and National Debtline that will help everyone come to an arrangement with their creditors, an insolvency practitioner, or the courts, to lay their debt worries to rest.

Those that can afford to pay, should. End of.

Emineckham

This is a very long thread, which until now fails to answer the question asked.

Credit Issues is a legitimate company and credit arrangements can now be legally deemed unenforceable.

The Manchester High Court heard a number of test cases in November 2009 and Judge Waksman announced his judgement early in January 2010. Precedents have now been set in law.

If a creditor is in breach of section 78 of the Consumer Credit Act then the agreement is unenforceable. This section of the Act stipulates that creditors should provide a "true copy" of the original signed loan agreement within 12 days of the borrower asking for it. If they do not then the debt is unenforceable until such time as the copy can be provided.

The creditor can reconstitute the agreement subject to it being an exact copy. Furthermore, if the creditor has varied the terms and conditions they must provide a true copy of each original agreement and the varied terms.

The copy must also include the name and address of the debtor as it was at the time the agreement was signed.

Many creditors cannot produce an exact copy of the original agreement and therefore will be unable to satisfy their legal obligations under section 78 of the Consumer Credit Act rendering the agreement unenforceable.

As an independent debt adviser, I can confirm there are many companies offering the service of reviewing credit agreements for the purpose of assessing if the debt is enforceable or not. There are many different charging styles. IMO it is important to avoid using companies that charge a percentage of the debt written off/reduced. A fixed, transparent charging structure is much more favourable.

~Brock~

Yaaawwwwwwn.

This is all so last week

ILW

Emineckham wrote: »

This is a very long thread, which until now fails to answer the question asked.

Credit Issues is a legitimate company and credit arrangements can now be legally deemed unenforceable.

The Manchester High Court heard a number of test cases in November 2009 and Judge Waksman announced his judgement early in January 2010. Precedents have now been set in law.

If a creditor is in breach of section 78 of the Consumer Credit Act then the agreement is unenforceable. This section of the Act stipulates that creditors should provide a "true copy" of the original signed loan agreement within 12 days of the borrower asking for it. If they do not then the debt is unenforceable until such time as the copy can be provided.

The creditor can reconstitute the agreement subject to it being an exact copy. Furthermore, if the creditor has varied the terms and conditions they must provide a true copy of each original agreement and the varied terms.

The copy must also include the name and address of the debtor as it was at the time the agreement was signed.

Many creditors cannot produce an exact copy of the original agreement and therefore will be unable to satisfy their legal obligations under section 78 of the Consumer Credit Act rendering the agreement unenforceable.

As an independent debt adviser, I can confirm there are many companies offering the service of reviewing credit agreements for the purpose of assessing if the debt is enforceable or not. There are many different charging styles. IMO it is important to avoid using companies that charge a percentage of the debt written off/reduced. A fixed, transparent charging structure is much more favourable.

So you prefer to get a payment up front, even if their is no guarantee of any success?

flossiejo

Just an opinion, but could it be that lots of newbies are put off posting again because of the response they get from some people on this site?
It is perfectly possible to post onto more then one topic if you don't understand how the forum works.
And it's also perfectly possible for people to post a question first then read through other, similar, topics later.

Don't forget - what may seem to be obvious information to us isn't obvious to everyone - everyone has to learn for the first time at some point in their lives.

I know that some people do spam forums - but surely we can try not to tar everyone with that brush. How many genuine newbies are being put off using this valuable resource?

I just think we need to be more tolerant of people's lack of knowledge and more considerate to other's problems.

There. That's my tuppence worth.

marshallka

Seems like Credit Issues Limited are now winding up
THE DAILY LIST
COMPANIES COURT

Court 46
First Floor
Queens Building
Before
MR REGISTRAR NICHOLLS
on
Wednesday 12 May 2010
ROBED
at

10:30 am



1575 /2010 Credit Issues Limited

http://www.hmcourts-service.gov.uk/cms/list_companies_winding.htm

flyspeed

What is it about online forums that people think it's OK to poke fun, be sarcastic or rude to people?
Re: Credit issues, this is my story: Have had and am still having some quite serious debt issues. My accountant, who I trust implicitly, referred me to a debt councilor who was also a mortgage broker and also, it turned out, an agent for Credit Issues Ltd. As I understand, they work on the idea that there are loop holes in a lot of credit agreements signed before April 2007 (I think) and that the credit agreement could be rendered unenforceable in a court of law.. Therefore the outcome would likely be that the debt on your CC gets wiped as an out of court settlement.
At the time I met with this agent, the company had just started up and my idea was to wait a while to see what sort of results they were getting before committing myself to the scheme. The big hook for me was that the agent in question was recommended by a very reliable source. The agent also suggested that I consider maxing out my cards, to pay various bills before entering them into the scheme. The total cost would work out at around £1500 for 2 cards.

So seemed appealing. Of course there is the moral issue... But there we all make our own decisions.

In any case, I actually have buried my head in the sand, like so many people in debt do but recently tried to get in contact with this agent again to see what the situation is 1-2 years down the line. The thing is, despite leaving a number of messages, they have never got back to me and I take this as a negative sign.

So I am thinking about perusing the credit issues route again, talking to another agent. The alternative, which probably most people would suggest on here is the 'credit card shuffle' which Martin Lewis advocates, where you transfer your balance onto a 0% balance transfer card or a low interest card which lasts for the length of the transferred amount.

So that's my experience be good to see if anyone else has any experience with this company or others like it. It is clear that these loop holes do exist. The question is, does it actually work and is chalking up credit card debt, knowingly with the intention to try to exploit these loopholes tantamount to theft, legally?

London011

Hi
I singed up with Credit Issues back in Jan 2009 as they advised due to the changes in laws they may be able to write off a loan we took out with our Mortgage. This company was reccomended by our mortgage advisor and we did sign up with them. We have had no joy however, we have been passed from pillar to post, not had much contact from them, call are not returned and a year and a half later we have still not got anywhere. We are now requesting our money back from them as when I signed up we were advised that if no action could be taken our money would be fully refunded. I would not say this company is a scam but I would certainly not reccomend them to anyone.

Emineckham

Hi everyone.

I posted a few months ago about the Credit Issues service of checking the enforceability of credit agreements.

I have recently established that the unenforceability service is now failing!...

The high court case in January resulted in Judge Waksman saying that reconstituted agreements would be acceptable, but the general opinion was that creditors would not be able to produce reconstituted agreements that were sufficiently accurate.

However, I have recently established that subsequent courts cases are failing because every reconstituted agreement is being found to be satisfactory, whether it is accurate or not!!!

This was a perfectly viable service and I have had customers see their debt written off, but I am afraid that now this will not happen. This is a blatant case of the politicians and the courts siding with those that really run the country... THE BANKS. I am not simply being bitter here, as the general opinion of UK solicitors is that Judge Waksman's decision is not legal, as reported in the UK solicitor press.

My advice is not to proceed with any application for this service, whether it is with Credit Issues or any other company. If you have already applied and are simply awaiting the outcome, please do not get your hopes up and I have my fingers crossed you have a fee refund policy included in the contract.

Nick @ Debt Guidance Limited