Unenforceable Credit Agreements

NickX

Are you seriously thinking of giving these people, who you know very little about, £495 ?

If it looks to good to be true, then it probably is.

Queries on these organisations arise on the forum about 5 times a day at present. Have a look through some of the archives for some lively debate on the matter.

Gaz_Lee_2

Yeah i know what you mean mate, but surly they would be closed down as its not discreet as there on the radio all the time...

joe1965

They are a scam.
Why pay £495 for something you can do yourself at no charge, (apart from postage).
Read this; http://www.consumeractiongroup.co.uk/forum/general-debt-issues/162851-consumer-credit-agreements.html

All they are doing is what you can do for yourself. They claim they will attempt to get all your interest, repayments returned and clear any outstanding balance on your card. THIS IS WRONG!
They are charging you to find out if your paperwork with the credit card company includes the credit agreement. An account without a credit agreement or one without certain prescribed terms in unenforcable in court but the debt still legaly exsists. There is no way they can get back interest or your repayments returned that is why they say "attempt".

NickX

Gaz_Lee wrote: »

Yeah i know what you mean mate, but surly they would be closed down as its not discreet as there on the radio all the time...

Well if they just decide to go out of business (a la Tesco) before than have completed your claim you would be queuing up at the Administrators offices asking for you £495 back.

I would either research the process and do the job yourself or employ the services of a suitably experienced solicitor.

IMO these companies just want your money.

Gaz_Lee_2

Thats great Joe... Thanks for this...

Gaz_Lee_2

Thanks for the advice

joe1965

Thats okay, I just don't like people being scammed by lowlifes like in your link.;)

joe1965

Read this; http://www.consumeractiongroup.co.uk/forum/general-debt-issues/162851-consumer-credit-agreements.html
Thats the background behind what they are doing but you can do it yourself for the cost of postage.
They WON'T be able to clear your balance or get repayments or interest returned.
All what happens is that if the original credit lender does not have a properly executed credit agreement then they can't enforce it in the courts. This will also apply for any debt collection agency to whom the balance may be passed. It is still a legal debt but you won't have to pay it off if you choose not to. It may still show on credit referance agencies and it is a long drawn out process to have it taken off.
If you look on that companies web page there will be loads of "attempt","may"etc. They are scammers and need to be avoided at all costs!

Vix143

Hello everyone,

I have looked over the website a few times and cant find a letter to send to the C/C company regarding this one. Can anyone point me in the right direction?

Back in 2006 I called a credit card company to apply for a credit card. I was declined the card due to my credit rating - which didnt really come as a shock since I was a bit reckless in my youth!
A couple of weeks later I got a letter through the door with a pin number on it and a few days after that I got a credit card!! Since then I have used the card and paid it and used it and paid it etc etc but now Im finding it hard to make the repayments.

Since I never signed an agreement and was actually DECLINED this card - can I claim ignorance and get them to wipe the balance?
Is there any chance I can be really cheeky and ask for all the payments Ive made to the card to be refunded plus the interest?

Can anyone help me with this?

Thanks in advance

Vix

nuttyrockeress

You would need to write to the CC company and ask for a copy of the CC agreement before you can do anything I would think.....