"Write Off" your debt companies

rog2

daglow wrote: »

Can anyone shed any light on it's validity? Has anybody used their services. Are they to be recommended or should they be avoided?

Just to echo Lilac_Pixie's advice - Do not go anywhere near them.

If you want to find out whether any credit agreement, that you have, is, or could be, unenforceable - have a look at:

http://www.nationaldebtline.co.uk/england_wales/factsheet.php?page=getting_a_copy_of_your_credit_agreement_and_your_account_details

It will cost you absolutely nothing to have a look at that link, and a maximum of £1.00 if you feel that you wish to request the consumer credit agreement - they even supply you with a template letter.

But - be warned - requesting a copy of the original, executed, consumer credit agreement is not, in itself, any guarantee that the 'debt' is unenforceable. Have a look at the many CCA threads on this forum instead.

Good luck.

bathgatebuyer

Oh if only it was so simple!!! I have people at work saying to me they are 'racking up' their credit cards in the expectation of getting it written off on the back of what some of these firms say. Frightening.

rustybucket

Yet people can use the advice of this site for free rather than going to these agencies who provide the service for a fee.

Unless I'm missing the point, isn't this blatant advertising for one of these agencies?

Deep_In_Debt

Yep, why pay for a company to do it when for the cost of a £1.00 P.O. and a postage stamp, you can do it yourself. The debts are not written off, they just become unenforceable.

Deep_In_Debt

bathgate, that is frightening! I can't believe people that have that attitude.

rog2

bathgatebuyer wrote: »

Oh if only it was so simple!!! I have people at work saying to me they are 'racking up' their credit cards in the expectation of getting it written off on the back of what some of these firms say. Frightening.

This is the real danger with these 'companies', bgb :mad: :mad: .

They are, in effect, encouraging people to run up debt in the, often false, expectation that the 'debt' will be legally unenforceable.

The 'consumer credit agreement request process' is not, and should not be thought of as such, any guarantee that the agreement to which it refers is unenforceable - as many posters on this forum have found out.

The 'cca request' is, however, a very useful 'tool' that is available to any alleged debtor. It is particularily useful if that 'alleged debtor' is unsure of the 'debt', believes the 'debt' to be wrong or is unsure of the motivation of anybody, usually a dca, who is chasing them for the alleged debt.

The provision of a compliant 'cca', deed of assignment and statement of account will, generally, confirm if the 'debt' is genuine and that the person chasing payment is legally entitled to pursue that debt.

It can, also, highlight whether the 'debt' is still legally enforceable, through the Courts, or whether the 'debt' is Statute Barred - a point that very few dcas will inform the alleged debtor unless legally forced to do so by providing the information requested.

There are, as you all know, several very informative 'cca' threads on this board. The consistent, and undeniable, message from these threads is that if a debtor is unsure of a debt, or of the rights of a person 'pursuing' that debt, then that debtor can, and should, avail him/herself of his/her rights under the Consumer Credit Act and request a copy of the consumer credit agreement. In the event that a cca is produced within the legally prescribed period, then that debtor can, often with the help/advice of one of the Debt Counselling Charities, avail him/herself of the many other tools available to 'deal with that debt' - these may include making regular payments or a 'full and final settlement' offer or disputing the 'debt' for other reasons.

NOWHERE ON THIS FORUM do any of us advocate that a debtor can 'write off his debts' simply by requesting a copy of the consumer credit agreement in the hope/knowledge that the agreement will be unenforceable, as these 'companies' would have us believe.

Companies, and individuals, who make such claims are doing nothing to help debtors. They are, as bathgatebuyer says, building up hopes, often falsely, and, even worse, charging exhorbitant fees for the 'privilege'.

What, in my opinion, could happen is that if these 'companies' continue to abuse debtors in the way that they are doing, the Consumer Credit Act will be further amended to make it more difficult for those who have a genuine grievance to avail of the rights that the Act currently affords them.

(my rant)

rog2

DonnaMack wrote: »

Hello there,

I just wanted to ask people on here their opinion on companies such as this:

http://www.y********tc******.co.uk/

Thanks in advance.

Just read this whole thread, Donna - I think our opinion is pretty consistent. :beer:

10past6

littlebitlost wrote: »

Please let me know what is your opinion on this

Ballhooks

Look down the forum list at the thread titles, if it was that easy, there would be no need for this forum

There's nothing any company can offer that you can't get here, much quicker.

donnaessex

A very trusted friend of mine put me in contact with a "Financial Strategist" who called me this morning.

He says that he will look into two of my loans which started in October 2004 and March 2005 and see if they are unlawful for me. He said the Consumer Credit Act made certain loans pre 2007 unlawful because of the contract wording and if successful (which he states 83.5% of his cases are), he can claim all past payments back and get the loans effectively written off. Once he has decided if mine are in fact unlawful, I pay him £495 per loan and he then starts legal action on my behalf with the companies (Northern Rock and Halifax) and if he doesnt win, I get my money back. The whole process takes 6-9 months.

I have done a little research online and what he says seems to be true, but I havent seen any of this being discussed in internet forums so I am still dubious to say the least.

Can anyone clarify this for me?

IWantToBeFree_2

Firstly, you borrowed the money, so why not pay it back? Regardless of what the CCA states, surely you agreed to the terms when you spent it? If you didn't, you should have paid it back then.

Secondly, why pay someone £495 per loan when you can do it yourself for £1.