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Judge freezes credit claims

sarkin1
sarkin1 Posts: 283 Forumite
Part of the Furniture Combo Breaker
in Reclaim bank & credit card charges
A judge has frozen more than 100,000 claims by indebted borrowers attempting to write-off credit and loan debt by using a loophole in the law which could make the contracts unenforceable.

http://www.timesonline.co.uk/tol/money/borrowing/article6243235.ece
:cool:

Comments

  • dunstonh
    dunstonh Posts: 121,324 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    That is good news. Now we just need some common sense to be given in the outcome.

    It should put an end to people using these dodgy claims companies for this. Although I bet you they will still cold call and get people to pay for it.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • natweststaffmember
    natweststaffmember Posts: 12,063 Forumite
    dunstonh wrote: »
    That is good news. Now we just need some common sense to be given in the outcome.

    It should put an end to people using these dodgy claims companies for this. Although I bet you they will still cold call and get people to pay for it.
    On that last point, even more I would think to get in their upfront fees prior to any stays coming into effect.
    I have not worked for NatWest Bank since February 2009

    This username is no longer active.
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