"Write Off" your debt companies

SunderlandBlackCat

It sounds like one of the companies mentioned here

http://www.oft.gov.uk/news/press/2008/consumeralert

fermi

The Office of Fair Trading and the Ministry of Justice have issued a WARNING about companies/people offering these services, their fees and their claims.

Claims regulator and OFT warn consumers about risks of being misled over the enforceability of consumer credit agreements

There is already a thread running on this, so I'll merge this one with it.

krackoa

Thanks for the responses. In answer to MillieMonster and GeorgeUK i took the CC's out in late 2006/early 2007 and the loan was june (ish) 2006. I have just had a look at the links kindly posted and one thing that does ring about in my head is that the guy kept mentioning that it all conformed with the Ministry Of Justice and that it was all legal and above board.
I really am quite naive when it comes to such matters, and this is the first time that i've used this site (sorry if i'm a bit slow to reply etc) but i'm in quite a desperate state now and this does sound like a very good option. If i can wipe out the CC's and get a pay out from the loan then i think it would be quite worth £800.
Again i thank anyone in advance for their help.

GeorgeUK

You can reclaim charges, missold PPI and request copies of the CCA yourself. There are letters and advice freely available on the board.

I take it this "mortgage broker" (who the government were so concerned about that they decided they should be regulated by the ministry of justice), didn't give any guarantees with that offer?
http://forums.moneysavingexpert.com/showthread.html?t=1160673

I personally would recommend not spending money on this.

slouise

Hi

I was just wondering if anybody was familiar with the above I saw an advert in the paper yesterdayand called it, a claim advisor is going to call me back, the advert says you may not need to pay a loan back if it was taken out before april 2007 as it may not comply with the consumer credit act.
just wanted to pick anybodys brains, does anybody know what the criteria would be when they say doesnt meet with the consumer credit act?

Ames

Yes, there are lots of threads on here telling you how to do it. Please don't get some firm to do it and charge you for the pleasure, it's very simple and easy to do yourself.

Browntoa

2nd that , they will charge you £500 for the honour of doing things that you could do for free.

read this

http://www.oft.gov.uk/news/press/2008/consumeralert

slouise

Hi Ames/Browntoa

thanks for the advice , its a company called justice 4 you, they say they dont charge, I was just really wondering what the criteria was for claiming,
I am usually up on these things and claim for things myself but this subject is all new me. :rolleyes:

LilacPixie

Sorry Peter take a look at this:

http://www.oft.gov.uk/news/press/2008/consumeralert

Claims regulator and OFT issue consumer alert


Claims regulator and OFT warn consumers about risks of being misled over the enforceability of consumer credit agreements

MoJ/OFT Consumer alert 21 August 2008

The Claims Management Regulator at the Ministry of Justice and the Office or Fair Trading (OFT) are warning consumers to think carefully before responding to businesses claiming that they can arrange for outstanding balances under loan, credit card and other consumer credit agreements to be written off and secure compensation.

Consumers are advised to seek independent advice before using the services of businesses that offer to find ways to render consumer credit agreements unenforceable. Businesses can only provide claims services if they are authorised and regulated by the MOJ under the Compensation Act 2006. Such businesses may also need to hold an appropriate OFT consumer credit licence.

Consumers may be asked to pay large up-front fees, often up to £500, for the businesses to review their credit agreements. Some businesses are claiming that many of these agreements are completely unenforceable, that consumers can have debts cancelled and claim back thousands of pounds. Consumers should think very carefully before committing themselves to making claims and handing over hundreds of pounds in advance to do so, even where refunds may be promised if the claim is unsuccessful.

Consumers with specific debt problems may wish to contact their local Citizens Advice Bureau who will often be able to provide advice free
of charge.

Personally I would not touch them with a bargepole.

This all hinges on is an enforcable CCA exists for the debt.

There are lots of people here and elsewhere that are happy to talk you through the process of requesting CCA's yourself.

RAS

Peter

balderdash - al they are suggesting is that you make a CCA request to find out if the CCA exists and cancel your payments if it does not.

You can do that on here for £1 cost plus a registered letter.

There is a whole thread somewhere

fermi?