Terminating debt?

robbieswife2b

Hi

I have been contacted by a company advising that I could have my debt (2 cards and a loan) written off if they meet one of the following criteria:

· The lender does not have a copy of the original agreement

· The amount of credit (or credit limit) has not been stated on the original agreement

· The interest rate applied to your account has been incorrectly calculated
· Your credit limit has been raised without your request

· The credit charges are deemed to be unfair

· No rate of APR is displayed on your statement

· There is no mention of any “cooling off” period in your agreement

· The agreement has not been signed by both debtor and creditor on each page of the Terms and Conditions, thus you have not signed and agreed to every term and condition on every page.

They charge £900 but if successful get this back from the companies. You don't pay if they don't succeed. Now I have followed Martin long enough to work with the motto 'don't pay a company do it yourself'. Has anyone heard of this? Also is there an impact on credit rating (don't want any more credit but mortgage tie in is up next year). Looking at PPI myself (already claimed back mis sold endowment and bank charges) so quite clued up on these things but this is the first I have heard.

Thanx in advance

esmerellda

robbieswife2b wrote: »

Hi

I have been contacted by a company advising that I could have my debt (2 cards and a loan) written off if they meet one of the following criteria:

· The lender does not have a copy of the original agreement

· The amount of credit (or credit limit) has not been stated on the original agreement

· The interest rate applied to your account has been incorrectly calculated
· Your credit limit has been raised without your request

· The credit charges are deemed to be unfair

· No rate of APR is displayed on your statement

· There is no mention of any “cooling off” period in your agreement

· The agreement has not been signed by both debtor and creditor on each page of the Terms and Conditions, thus you have not signed and agreed to every term and condition on every page.

They charge £900 but if successful get this back from the companies. You don't pay if they don't succeed. Now I have followed Martin long enough to work with the motto 'don't pay a company do it yourself'. Has anyone heard of this? Also is there an impact on credit rating (don't want any more credit but mortgage tie in is up next year). Looking at PPI myself (already claimed back mis sold endowment and bank charges) so quite clued up on these things but this is the first I have heard.

Thanx in advance

£900 !!!!!!!!!!!!!!!!!!!!! bloody nora thats a pricy outfit

HAve a read of this thread - http://www.legalbeagles.info/forums/showthread.php?t=13980 - should explain most of it.


Actually I keep posting that link - If there is a thread on here explaining the CCA properly can someone link it me ta xx