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"Write Off" your debt companies

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  • fermi
    fermi Posts: 40,542 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker Rampant Recycler
    Out of business by the looks of it. Like most of these scammers.

    https://www.claimsregulation.gov.uk/details.aspx/14945/Individual_Credit_Solutions_Ltd_in_liquidation_/?search=simple&business=Unfair+Credit+Direct&authID=&sector=-1&county=-1&status=-1

    Business Name: Individual Credit Solutions Ltd (in liquidation)
    Town/City: Keighley
    County: West Yorkshire
    Trading Names: Unfair Credit Direct
    Sector: Financial products/services

    Status: Authorisation Surrendered
    Free/impartial debt advice: National Debtline | StepChange Debt Charity | Find your local CAB

    IVA & fee charging DMP companies: Profits from misery, motivated ONLY by greed
  • MUMZ2BEE
    MUMZ2BEE Posts: 381 Forumite
    Dont use consortium reclaim they too £800 from my credit card and i havent heard from them since!!
  • fermi
    fermi Posts: 40,542 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker Rampant Recycler
    http://www.itv.com/news/central/2012-09-17/couple-sentenced-over-2-million-fraud/
    A couple have been sentenced for conning almost two million pounds from people, promising them they could write off their debts with banks and credit card companies by finding loopholes in their loan agreements.

    Basil and Amanda Rankine amassed £1.8million pounds from customers.

    The couple, from Rugeley in Staffordshire, would buy a person's debt from them for £1 and then charge the man up front fee of £450 to find the loopholes or a technicality in their credit agreement.

    The Rankines would then write to the banks and credit card companies claiming the loophole meant the debtors were no long liable to pay the debt back.

    But this was illegal. People can't sell their debt to someone else without the agreement of the creditor.

    The Rankines also told their customers they were no longer liable for the debt and could not be chased by the creditors that because they had sold their debt to them for £1.

    This was also illegal and some customers were taken to court by the creditors who were owed money.

    The couple were found guilty of ten counts of fraud at Birmingham Crown Court. They were arrested after numerous complaints to trading standards officers.

    Basil Rankine said he intended to appeal the conviction.

    He was jailed for four years. His wife was given a 12 month suspended sentence.
    Free/impartial debt advice: National Debtline | StepChange Debt Charity | Find your local CAB

    IVA & fee charging DMP companies: Profits from misery, motivated ONLY by greed
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