www.loan-free.co.uk

Mervin

Has anyone heard or even visited this website

I saw an ad for them in the paper last week. They claim to get rid of your loan and get you compensation if your lender didn't comply with the Consumer Credit Act 1974. Here's a quote from the site:

If the content of the Credit Card Agreement or Loan Agreement that you signed, did not comply with Government Legislation in the form of certain parts of the Consumer Credit Act 1974, then your Credit Agreement could be Legally Unenforceable.

I have a Halifax loan with around £6k on it which would be very nice if it disappeared. I phone the number on the site today and was told this service costs around £70 and takes anything up to 6 weeks to through.

Anyone tried or heard of this?

twistedeagle

1. Do it yourself for £1
2. You are only challenging the enforcability of the debt, they will not wipe it out
3. As has been said before, why are people trying to dodge their responsibilities? You took out a loan, you should pay it back!

jopwo_87

Mervin wrote: »

I have a Halifax loan with around £6k on it which would be very nice if it disappeared.

I have a few credit cards and a loan that i could do with having written off as well. Tell you what, give me a couple of days and ill try and realllly max the cards out before i get them all wiped off. :rolleyes:

Your living in the real world mate. Not fantasy. Try doing a search in the forum for the MILLIONS of other threads on this subject and toodle on over there for the other people with no morals whatsoever.

max2009

The company behind the above site is

DEBT FREE UK LTD
BRIDGE HOUSE
LONDON BRIDGE
LONDON
SE1 9QR

Company No. 06381804

max2009

Mervin why have you just been looking for a £12,000 loan from the co-op if you looking to have loans wiped out ?

iolanthe07

I have a Halifax loan with around £6k on it which would be very nice if it disappeared.

Wouldn't it just? Get real - you borrowed it, you pay it back like the rest of us have to.

savemoney

Odd how you joined almost 6 years ago and yet only posted this month all about loans.

iolanthe07

Odd how you joined almost 6 years ago and yet only posted this month all about loans.


I noticed this too. Could it possibly be a spam advertisement, posed as a question, to get round the site's rules? Perish the thought!

Mervin

Hey you guys are so helpful cheers. Yes I'm taking out a £12k loan but £6k of that is to pay off the existing one. Apparently that's the best way to extend your loan.

If the bank have screwed up then I am entitled to get compensation, no? I thought this forum was on Money Saving Expert, not Useless Trolling Forumites.

Cheers.

Any

Mervin wrote: »

Hey you guys are so helpful cheers. Yes I'm taking out a £12k loan but £6k of that is to pay off the existing one. Apparently that's the best way to extend your loan.

If the bank have screwed up then I am entitled to get compensation, no? I thought this forum was on Money Saving Expert, not Useless Trolling Forumites.

Cheers.

And how did they screw up? By lending you money when you wanted them?
Don't you think that if this actually worked, this country would be debt free???

savemoney

No one is a troll only abusive person is yourself

I mealy expressed a fact as some other have too, others expressed a opinion and they are entitled to do so, if you dont like they why not join the forums iwanttogetcompensationfortakingoutaloan.com

If people take out a loan then its only fair to for them to pay it back. If you loose your job, sickness then I have some sympathy. However, there is always insurance one can take for eventualities.

For record any money I borrow I take out policy of death and loosing job/income and I love to have not paid that