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OFT Warning over "debt write off" claims
marshallka
Posts: 14,585 Forumite
http://www.moneysavingexpert.com/news/loans/2010/01/oft-warning-over-debt-write-off-claims?utm_source=mainsite&utm_medium=sidebar&utm_campaign=box
Don't know if this has already been posted so will delete if it has.;)
Don't know if this has already been posted so will delete if it has.;)
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Comments
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Hadnt seen the article. Its a little disappointing that it took MSE so long to come out and say that considering how long the forum members have been telling people to not waste their money.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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Quite simply amazing.... I didn't know any of this... Consumer Advice UK told me my Creditcard from Barclays was 'unenforceable' which I thought mean they could write it off...
Which technically they don't because it's still held against your credit report. Which i'll be honest is as good as getting you to pay back the debt in court. So in effect these Debt Claims Management companies should be advertising that they can only make your debts unenforceable in court but not written off.
I hate legal speak with it's use of terms to confuse and mislead consumers. No wonder so many people are scammed by slight difference in wordings!0
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