We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

reclaim all your credit card balance

dalekinvasion
dalekinvasion Posts: 3 Newbie
in Credit cards
Had a phone call yesterday from 'redressclaims.co.uk' They informed me that i could reclaim the full balance of my credit card. Too good to be true surely!?!?!? Their explaination for this was that if my credit card company had put up my credit limit in the past without me signing an agreement this is now deemed unlawful. The cost of this is £450, which they suggest you pay by your credit card so that when you reclaim the balance this cost is included. if you dont get any money off your card you will have this fee redebited to your card. i have looked at their website an see nothing sinister. anyone know anything about this? is it safe? does it work?
«1

Comments

  • Gordon_Hose
    Gordon_Hose Posts: 6,259 Forumite
    Debt-free and Proud!
    Blatant scam. Any genuine offer of help won't come with a pay-up-front charge.
  • the_insider
    the_insider Posts: 795 Forumite
    dalekinvasion wrote: »
    anyone know anything about this? is it safe? does it work?

    Yes there are hundreds of posts about this sort of thing on this forum. No it's not safe and no it doesn't work. Steer well clear!
    Getting married 02.08.14
    Wins for the wedding: membership for a 'wedsite' and app, £35 gift voucher for party supplies shop, £50 worth of hand painted signs, 1kg of heart shaped marshmallows :money:
  • KingElvis
    KingElvis Posts: 4,100 Forumite
    LOL You'd be better off sticking pins in your eyes and broken glass up your chaff
    "We want the finest wines available to humanity, we want them here, and we want them now!"
  • chattychappy
    chattychappy Posts: 7,302 Forumite
    How nice of you OP, to provide the link.

    Forgive me for being cynical....
  • dalekinvasion
    dalekinvasion Posts: 3 Newbie
    first....whats OP?....they rang me back, i said i wanted to check out their website, told them that forum said probable scam and he gave me goverment website to look at. 'claimsregulation.gov.uk'.....looked and they are an authorized claims company
  • Reesy1981
    Reesy1981 Posts: 126 Forumite
    Means nothing that they are AuthoriSed!
    Tell you what, if you believe em so much, why dont you give them the £450 and then let all us all know the result? Only thing is though, I dont think anyone would listen i you posted and said "Gave company £450 and now cant get it back!"

    Infact, if i give you may paypal address, and you send me £450 quid, i will make sure its £450 you never forget spending! Cos you will know i took it straight out and went and had the biggest steak in the world! Just to come back and tell you "oops"!
  • antrobus
    antrobus Posts: 17,386 Forumite
    dalekinvasion wrote: »
    first....whats OP?....

    Original Poster or Post
    dalekinvasion wrote: »
    they rang me back, i said i wanted to check out their website, told them that forum said probable scam and he gave me goverment website to look at. 'claimsregulation.gov.uk'.....looked and they are an authorized claims company

    And the credit card card company they say acted 'unlawfully' had a Consumer Credit licence.
  • Tixy
    Tixy Posts: 31,455 Forumite
    OP is the original poster - you in this case.

    Its a scam, you will lose your money, wreck your credit rating and still have to pay the debt, if you'd like to do some more reading you could try
    OFT kills 'debt write-off' industry
    Debt write-off loophole closed by court

    As you say in your first post - its too good to be true surely. Well yep surely.
    A smile enriches those who receive without making poorer those who give
    or "It costs nowt to be nice"
  • moonrakerz
    moonrakerz Posts: 8,650 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    dalekinvasion wrote: »
    if you dont get any money off your card you will have this fee redebited to your card.

    ..........if it is "redebited" to your card - that means you pay it again.

    You are either extremely naive - or you work for this bunch of shysters !!
  • chattychappy
    chattychappy Posts: 7,302 Forumite
    moonrakerz wrote: »
    You are either extremely naive - or you work for this bunch of shysters !!

    I'll mark you down as cynic # 2 in this thread!
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354K Banking & Borrowing
  • 254.3K Reduce Debt & Boost Income
  • 455.3K Spending & Discounts
  • 247K Work, Benefits & Business
  • 603.7K Mortgages, Homes & Bills
  • 178.3K Life & Family
  • 261.2K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture