credit card clearance

michael_campbell_2

Hello, this is my first foray into this, so please forgive any mistakes.
my wife ran up huge credit card bills, which we struggled to pay, eventually she got them frozen, so now pays them interest free.
However, we recently heard about some being illegal and have entered into an arrangement with a company called cartel, which claims, to get them wiped out alltogether, they are coming next week for my payments, but i am very sceptical of this, as you get nowt for nowt in this world. could anybody give me advice, and are we doing the right thing.
Thanks for your time,
Michael

gomer

I think i'm going to scream........

cash-magnet

I would say your gut feeling is correct. Highly unlikely to be of any benefit to you, but very lucrative on the part of those collecting more money from you and even less chance of getting it back once you have handed it over. Be happy you have the interest frozen and put any spare money you have to paying off your debt. Do not get involved.

exel1966

michael_campbell wrote: »

Hello, this is my first foray into this, so please forgive any mistakes.
my wife ran up huge credit card bills, which we struggled to pay, eventually she got them frozen, so now pays them interest free.
However, we recently heard about some being illegal and have entered into an arrangement with a company called cartel, which claims, to get them wiped out alltogether, they are coming next week for my payments, but i am very sceptical of this, as you get nowt for nowt in this world. could anybody give me advice, and are we doing the right thing.
Thanks for your time,
Michael

YAWWWWWWWWWWWWWWWWWWNNNNNNNNNNNNNNN !!!!

Robert_Sterling_3

Think yourself lucky to not be charged interest.
Pay off the debt as and when you can.
Only accept "help" on the basis that if someone can get you any money back then they can have 20% of the money.
Never pay an upfront fee.

simon_templar_2

Funny how a newbies first foray is to ask this question and not make any sort of post in the other numerous sections first.

willsonline

Im Sick Of These Posts....

:mad: :mad: :mad:

Moggles_2

This looks like blatant advertising (sorry, if it's genuine). At least one new thread on this same old subject appears on this board every day, always started by a newby, who has never felt the need to post about anything else.

All you will do by hiring one of these firms is replace an arguably unenforceable debt with an enforceable one.

Despite dozens of threads on the subject, nobody ever comes forward to report any success using these companies. Without testimonials, which are independently corroborated, I would steer well clear.

Moggles_2

This BBC story on the subject is a good read:

http://news.bbc.co.uk/1/hi/business/7894840.stm

~Brock~

Moggles wrote: »

This BBC story on the subject is a good read:

http://news.bbc.co.uk/1/hi/business/7894840.stm

So is this. .....which ironically features the very same company mentioned by the OP.

Geenie

Can people on here be a bit more caring before laying into newbies.

The OP states " but i am very sceptical of this, as you get nowt for nowt in this world"

If they were saying how wonderful this firm was from go, I could agree with the cynical nature on here, but they are not, and are asking for help.