Unenforcable credit cards

viv.

Hi
Not sure if I have posted this in the right place so sorry if I haven't. I have today been contacted by a company to say that they can wipe off my credit card debts that are over £2000 and have been taken out since 2007. He said it is because they are unenforcable credit agreements. Is this true or is it a scam? I have searched the internet and there seem to be a lot of companies offering this but is it true and has anyone any experience of it?

Eric_Pisch

They can certainly wipe a fat fee from your bank account.

captainhaggis

Viv, jump over to the DEBT FREE WANNABE section of this site and look for a thread called "Unenforcability and Template Letters" or something like that.

ALL the info you'll need is over there.

DON'T pay anyone to do this for you.

nzseries1

First, read these other threads all on the same subject:

http://forums.moneysavingexpert.com/showthread.html?t=2043395
http://forums.moneysavingexpert.com/showthread.html?t=2060575
http://forums.moneysavingexpert.com/showthread.html?t=2130783
http://forums.moneysavingexpert.com/showthread.html?t=2116531
http://forums.moneysavingexpert.com/showthread.html?t=2084533
http://forums.moneysavingexpert.com/showthread.html?t=1888703
http://forums.moneysavingexpert.com/showthread.html?t=2020941
http://forums.moneysavingexpert.com/showthread.html?t=2072707
http://forums.moneysavingexpert.com/showthread.html?t=1925671
http://forums.moneysavingexpert.com/showthread.html?t=1954055
http://forums.moneysavingexpert.com/showthread.html?t=2127721
http://forums.moneysavingexpert.com/showthread.html?t=2106361
http://forums.moneysavingexpert.com/showthread.html?t=2090833
http://forums.moneysavingexpert.com/showthread.html?t=2071449

(and those are just ones created in the last month or two!)

financial_warrior

Sigh. You spent the money, why not pay it back?

never-in-doubt

financial_warrior wrote: »

Sigh. You spent the money, why not pay it back?

Because the law clearly states unless the lender complies with the regulations of the consumer credit act, then the debt may not need to be repaid. Sickening eh?

Well tough - get used to it! :rotfl::rotfl:

never-in-doubt

captainhaggis wrote: »

Viv, jump over to the DEBT FREE WANNABE section of this site and look for a thread called "Unenforcability and Template Letters" or something like that. .

You spend enough time there mate - you should know what it is called! :rotfl:

Unenforceability & Template Letters II

never-in-doubt

nzseries1 wrote: »

First, read these other threads all on the same subject:

http://forums.moneysavingexpert.com/showthread.html?t=2043395
http://forums.moneysavingexpert.com/showthread.html?t=2060575
http://forums.moneysavingexpert.com/showthread.html?t=2130783
http://forums.moneysavingexpert.com/showthread.html?t=2116531
http://forums.moneysavingexpert.com/showthread.html?t=2084533
http://forums.moneysavingexpert.com/showthread.html?t=1888703
http://forums.moneysavingexpert.com/showthread.html?t=2020941
http://forums.moneysavingexpert.com/showthread.html?t=2072707
http://forums.moneysavingexpert.com/showthread.html?t=1925671
http://forums.moneysavingexpert.com/showthread.html?t=1954055
http://forums.moneysavingexpert.com/showthread.html?t=2127721
http://forums.moneysavingexpert.com/showthread.html?t=2106361
http://forums.moneysavingexpert.com/showthread.html?t=2090833
http://forums.moneysavingexpert.com/showthread.html?t=2071449

(and those are just ones created in the last month or two!)

Funny how many times I pop up in these links ;)

kai666

never-in-doubt wrote: »

Because the law clearly states unless the lender complies with the regulations of the consumer credit act, then the debt may not need to be repaid. Sickening eh?

Well tough - get used to it! :rotfl::rotfl:

doesn't change what they wrote though:rolleyes:

Susie56

A BUSINESSMAN who had his credit card debts made unenforceable has waded into the consumer credit debate.
A dozen test cases were heard last week in Manchester to establish what obligations lenders have when trying to press for repayment of unsecured debt.
Banks were trying to claim they should be exempt from certain parts of the Consumer Credit Act, such as providing a copy of terms and conditions.
But Paul Collins, 47, says banks should not be given an easier time. He was harassed by debt collectors chasing a £2,700 balance on his credit card, money which he had used to give cash flow to his flooring business, which had hit hard times. Mr Collins received daily phone calls and letters asking him to pay up, which, although perfectly legal, put him and his family through trauma. They also threatened to repossess his home.
He successfully saw off the credit card company after challenging the debt with MSB Solicitors, who are also handling one of the 12 cases in Manchester.
Mr Collins, who was receiving cancer treatment at the time, told LDP Legal: “They were aware of my condition and at no time was I allowed to make a small payment to keep things going. They were relentless.
“You’ve got to experience it to realise how much pressure they put you under.
“I hope that they don’t win. God forbid they do. In my mind, if that actually happened, it would be economic meltdown because there’s so many people in debt you would see people on the streets.”
Mr Collins had his debts declared unenforceable in June. He was represented by MSB’s head of consumer credit, Joanna Connolly.
Of the cases in Manchester, Paul Bibby, MSB’s managing partner said: “This is not about people trying to evade paying money that is owed, it is about making sure lenders, large, sophisticated financial institutions organisations, comply with legislation laid down by Parliament for the protection of the consumer.
“The financial penalty laid down by Parliament for their failure to comply with the legislation is that the lenders with the legislation lose the right to enforce the agreement.”
Mr Bibby also said he is optimistic his firm’s case – Carey v HSBC – will succeed. A judgment is expected before Christmas.

never-in-doubt

Susie56 wrote: »

A BUSINESSMAN who had his credit card debts made unenforceable has waded into the consumer credit debate.
.

Please stop spamming the threads with this :mad:

You're duplicating a link already posted! #110

http://www.liverpooldailypost.co.uk/liverpool-news/regional-news/2009/12/08/ldp-legal-businessman-who-had-credit-card-debts-made-unenforceable-wades-into-the-consumer-credit-debate-92534-25342593/