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Writing off your credit card debt???

Hello to all

I have recently heard about a company that will write off your credit card balance & get you back all payments/charges (including interest) you have made on the account over the time you have had it. They charge £500 for first card & £125 for each card after that.

Once I find the website again I will post it up for all to see.


It all sounds to good to be true if you ask me, does anyone have any further information on this?

Here is the website http://www.cartelclientreview.co.uk/credit-card-claims.aspx
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Comments

  • tomstickland
    tomstickland Posts: 19,538 Forumite
    10,000 Posts Combo Breaker
    It all sounds to good to be true
    Every decent, legitimate way of sorting out debt is covered on this website.
    Happy chappy
  • faz1983
    faz1983 Posts: 5 Forumite
    Here are the Terms & Conditions

    http://www.cartelclientreview.co.uk/remote/files/T&C_Credit_Cards.pdf


    Pay close attention to 'Successful Claim Fees'
  • iceicebaby
    iceicebaby Posts: 3,633 Forumite
    Part of the Furniture Combo Breaker
    Looks dodgy to me.
    Baby Ice arrived 17th April 2011. Tired.com! :j
  • faz1983 wrote: »
    They charge £500 for first card & £125 for each card after that.

    Is this fee upfront or after successful claim?
  • NickX
    NickX Posts: 3,046 Forumite
    They will not be doing anything that you cannot do yourself from information contained on this site, and save yourself £500
  • CannyJock
    CannyJock Posts: 3,838 Forumite
    1,000 Posts Combo Breaker
    Agree with Nick. For what it's worth, if you google "how to cancel credit card debts" you'll find a whole host of companies offering to charge you for their expertise. So you can choose which company you wish to throw good money to.

    AFAIK the loophole they try and exploit in the wording of the credit agreements was closed years ago. You'll notice that there are no genuine posters on this forum reporting back on recent successful outcomes from these companies.

    Faz as a new poster, do you have ties to this company already and just trying to drum up some business from people with genuine debt?
    "A child of five could understand this. Fetch me a child of five." - Groucho Marx
  • faz1983
    faz1983 Posts: 5 Forumite
    No I have no ties what so ever, just wanted to come to a place where could see if anyone has done this or something similar. Got £2000 on a card & would be nice if it just disappeared so to speak.
    Is this fee upfront or after successful claim?

    Seems like it is upfront, then loads of other fees for successful claims to
  • faz1983 wrote: »
    No I have no ties what so ever, just wanted to come to a place where could see if anyone has done this or something similar. Got £2000 on a card & would be nice if it just disappeared so to speak.



    Seems like it is upfront, then loads of other fees for successful claims to

    The way it works is that you entered into an agreement, and if you send them what you OWE them, then it will disappear so to speak.

    Try it, it's an alternative to being a cheap charlie.
  • Every decent, legitimate way of sorting out debt is covered on this website.


    As above, I've come up with a two point plan to sort out debt.

    1) Don't borrow what you can't pay back.
    2) Pay your debts.
  • As above, I've come up with a two point plan to sort out debt.

    1) Don't borrow what you can't pay back.

    Circumstances change

    2) Pay your debts.

    Circumstances change

    Your two point plan is flawed.
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