"Write Off" your debt companies

RAS

Hi

When/if you get a response, you need to report back here. If they send a document, scan it and post it up here or on an external site where we can look at it.

A lot of the time, what is sent is an application form rather than a proper CCA.

sam.katelin

Many thanks for being so helpful and taking the time to reply. I'll do what you say if/when I get anything back I sent three letters off today using the templates off the website with a £1 postal order, recorded delivery. However, I had a moments panic a minute ago - I signed all three letters...could they forge my signature? I would be able to tell as my signature has changed over the years....surely they couldn't do that....?

I'll keep you informed! Have a great weekend

RAS

sam.katelin wrote: »

However, I had a moments panic a minute ago - I signed all three letters...could they forge my signature?

has been known but only a few times.

sam.katelin wrote: »

I would be able to tell as my signature has changed over the years.

Good

Burlesque_Babe

I remember vaguely something about this process a while back (not the normal CCA route), I can't remember if I read it on MSE or on the Consumer Action Group.

They charge though

How much does this cost?

• Cost to client.
  • £450 for first card or unsecured loan
  • £150 for each additional card or unsecured loan
  • £1000 success fee payable upon the completion of the first card or loan

Perhaps they go down the missing CCA route........but I'm sure it's a different loop hole, but I can't quite remember what.

dotstar24

Sounds like spam to me......reported.

poorandindenial

If it sounds like it is too good to be true then it is. These sorts of outfit rarely do anything that you can't do yourself and will often charge you loads of money for doing it.

What they are talking about on the 'write off your credit cards' is probably a legal loophole where a debt is unenforceable if a creditor or dca doesn't have a proper, signed copy of the agreement as regulated by the consumer credit act that you sign when you take out a debt.

If you type CCA into the search box on here you will find loads of information about this. It is a risky game to play and it depends on your ethics as to whether you would want to go down this route anyway.

PixieMe_2

wow the costs are high aren't they?!:eek:

I guess you are right, if it sounds to good to be true then it probably is.

RichOneday_2

Steer well clear.

They won't be around long - they're advertising to have credit card/loan balances written off, which is not what the process achieves.

I they manage to jump through the hoops correctly they may get a card/loan agreement deemed 'unenforceable', but the balance will still be there and the creditor will do all they can to collect.

They may ultimately not be able to go to court but they still lent the money and will still want it back.

PixieMe_2

RichOneday wrote: »

I they manage to jump through the hoops correctly they may get a card/loan agreement deemed 'unenforceable', but the balance will still be there and the creditor will do all they can to collect.

So you could end up with your original debt and new costs to pay back!!
I'm staying clear!! :eek:

**Amy**

Hi Sammy

I wouldnt go with this company as you have to pay for them to do anything. And if it is regarding credit agreements etc. (there is a thread on here about people asking for their agreement and companies not being able to provide them, making the debt "not legal" (sorry my english is rubbish today!)).

It seems silly to pay £295 per claim for something you could do yourself.

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