Credit agreement checking companies

[mikek]

Hello all

 

I was wondering if anyone has experience (good or bad) from any of these companies who promise to check and challenge your credit agreement. They all seem to charge upfront fees:

 

Unfair Credit Agreements

 

Financial Agreement Solutions

 

Ratiomoney.co.uk

 

Guild of Independent mortgage advisers,free advice

 

Some are also registered with the Ministry of Justice for claims management. Others aren't.

 

your opinions/experiences?

 

Many thanks

[Hopeful1]

Hello all

 

I was wondering if anyone has experience (good or bad) from any of these companies who promise to check and challenge your credit agreement. They all seem to charge upfront fees:

 

Unfair Credit Agreements

 

Financial Agreement Solutions

 

Ratiomoney.co.uk

 

Guild of Independent mortgage advisers,free advice

 

Some are also registered with the Ministry of Justice for claims management. Others aren't.

 

your opinions/experiences?

 

Many thanks

 

I've not used any of the above, but i have found the FREE credit agreement checking service on this site to be fantastic

[ReasonableRon]

Two of the above companies are charging £295 just to 'check' a credit agreement:eek:, with the promise that you get to keep all of any monies reclaimed.

 

So where is the incentive for the company to be of any further assistance and put any extra work in once they have had their £295?

 

Sounds like a right [problem] to me.

[KER]

I just saw an ad on facebook for that "ratiomoney" so had a look! They seem to have websites set up for ALL the information you can get for FREE on this site. Wouldn't surprise me if they are members and charging people for information they are getting from posts on here!!!!

[The GodMother]

i say this is a complete CON.

 

i have taken this section out of ratiomoneys FAQ.

 

Q:Can I make the claim myself?A:Yes you can make a claim yourself however it is unlikely your creditor will settle without the threat of legal action and the law is very complex in this area.

 

Also please note this is complex law and should not be seen as a "Loop hole" solution to write off your debts.

 

Recently a Consumer who had managed to have £36,000 written off last year, made a very poor decision to try and clear other agreements that were in the Courts opinion enforeceable, which ended in massive costs for the Consumer.

 

Ratio Money and our Solicitors will only proceed with a Claim for redress if there is GENUINE detriment to you as a Consumer.

 

Our "Audit" covers 28 pages and details the many reasons why your Agreement is unenforeceable or enforceable.

[The GodMother]

ok my other verdict

ratio money and unfair credit agreements look like the same company. Just trading under a different name, like certain companys we come across on here do as in 1st cred and connaughts.

 

now the other 2 one seems to be a mortage company jumping on the band wagon and the other one is not fully working.

 

i think they are just trying to find new ways of making money and have see that cag has done really well and charged nothing for it.

I also think somethime more is up due to the fact they cant deal with claimsunder £5k.

 

i will be waiting for one to be working so i can see if it works

[MARTIN3030]

Well Well.........unfair credit agreements are here.

 

 

Application / Licence Details

 

 

 

 

Licence Number:0565003

Licence Status:Current

 

Current Applicant / Licensee:

 

Business NameCompany Registration Number Japanese Imports Ltd5064483

 

Categories:

 

Consumer credit Consumer hire

 

Right To Canvass Off Trade Premises:No

 

 

Issued Date: 26-Feb-2005

Expiry Date: 25-Feb-2010

 

 

Legal Formation:

 

Body Corporate (incorporated inside UK)

 

Current Individuals that run the organisation:

 

NamePosition Amanda EdwardsOFFICER Denise EdwardsOFFICER

 

Current Address(es):

 

Address TypeAddress Principal Place Of BusinessJapanese House, Brooks Lane, Middlewich, Cheshire, CW10 0JE Registered OfficeJapanese House, Brooks Lane, Middlewich, Cheshire, CW10 0JE

 

 

 

 

But more confusing is their actual name-Consolidators Ltd !!

[mattja32]

i say this is a complete CON.

 

i have taken this section out of ratiomoneys FAQ.

 

Q:Can I make the claim myself?A:Yes you can make a claim yourself however it is unlikely your creditor will settle without the threat of legal action and the law is very complex in this area.

 

Also please note this is complex law and should not be seen as a "Loop hole" solution to write off your debts.

 

Recently a Consumer who had managed to have £36,000 written off last year, made a very poor decision to try and clear other agreements that were in the Courts opinion enforeceable, which ended in massive costs for the Consumer.

 

Ratio Money and our Solicitors will only proceed with a Claim for redress if there is GENUINE detriment to you as a Consumer.

 

Our "Audit" covers 28 pages and details the many reasons why your Agreement is unenforeceable or enforceable.

 

 

Ratio Money is not a con and the research was certainly not carried out on this site at all... The "Audit" we provide is carried out by a firm of Solicitors who are financial claim experts...

 

The price we charge is fair considering the "Audit" is put together manually by solicitors...

 

We do not use sales tactics as a company, we explain what Consumer redress is available... the following link may be of interest... Coronation Street star joins claims company as director - Crain's Manchester Business

[mattja32]

Well Well.........unfair credit agreements are here.

 

 

Application / Licence Details

 

 

 

 

Licence Number:0565003

Licence Status:Current

 

Current Applicant / Licensee:

 

Business NameCompany Registration Number Japanese Imports Ltd5064483

 

Categories:

 

Consumer credit Consumer hire

 

Right To Canvass Off Trade Premises:No

 

 

Issued Date: 26-Feb-2005

Expiry Date: 25-Feb-2010

 

 

Legal Formation:

 

Body Corporate (incorporated inside UK)

 

Current Individuals that run the organisation:

 

NamePosition Amanda EdwardsOFFICER Denise EdwardsOFFICER

 

Current Address(es):

 

Address TypeAddress Principal Place Of BusinessJapanese House, Brooks Lane, Middlewich, Cheshire, CW10 0JE Registered OfficeJapanese House, Brooks Lane, Middlewich, Cheshire, CW10 0JE

 

 

 

 

But more confusing is their actual name-Consolidators Ltd !!

 

 

This company is an introducer to Ratio Money, we have hundreds of companies that introduce claims to ourselves... all of which are compliant with MOJ...

[matsinlondon]

A Corry actor as a director / promotor. What a stamp of approval!

[Hopeful1]

A Corry actor as a director / promotor. What a stamp of approval!

 

Well if a soap actor is part of it it must be legit Just like Carol Vorderman being attached to a certain loan company with extoritonate interest rates made me want to rush to purchase the products. There's also a holiday company Jennie Bond endorses. Her attachment really wanted to make me part of with hours of time enduring a hard sell and then give away lots of my hard earned cash.

 

I'll say no more

[mattja32]

I repsect everyones opinion, however Ratio Money is a very good company and we help thousands of people...

 

For some of our services we do not charge a penny for instance "Whole of Life Insurance Claims" an issue which has never been mentioned on CAG...

[willtheywontthey]

is ti just me that feels uncomfortable with a CAG member being involved in these companies? Should they not state this on their signature or something???

[mattja32]

I did not mention Ratio Money, I was responding to a comment I wanted to clear up... I have only ever posted 17 now 18 posts in 18 months so it is not as if I am on here everyday...

 

The comment came to my attention and I wanted to clear it up... Ratio Money is a good company and we are raising awareness of a whole host of issues...

 

I am entitled to clear up issues and reply to negative comments as they arise...

 

One of those being our charges, yes we do charge a fee for an "Audit" report which in it's fullness is 28 pages long and covers all areas of potential breach...

 

The initial Audit is £295 a second would be £195 and all subsequent would be £95 we do not charge a contingency fee, you keep 100% of any benefit as we make our real margin from the Solciitors, who get paid by the creditors...

 

For some of our services we do not charge a penny...

 

Self Litigation can of course be done, but you need to make sure you know what you are doing, people on here have tried an failed and in turn have had to pay Costs... All Ratio Money claims are handled by leading Solcitors in this field and the Audit are also prepared by solicitors... if a claim was to fail all costs would be covered by an insurance product...

 

Our service is very fair and our product i.e Audit is second to none...

Edited September 27, 2008 by mattja32

[The GodMother]

Ok then why cant u deal with cause UNDER £5k? or are they just not worth it.

[The GodMother]

Oh and why do u charge for something that i can get for free with some solicitors?

 

Oh and your comments about not mentioning Ratio Money Post 8 states Ratio money is not a con. Then post 12 again Ratio money is a very good company.

 

If ratio are as good as u claim then why cant they help u?

Oh and on more thing why have ratio Money told me that one of my unsigned with no prescribed terms and incorrect penelty charges credit agrements is enforcable when under the CCA laws it is not due to no prescribed terms and no signature and incorrect penelty charges. The agreement was taken out in 2004 and it has post 2006 charges on them?

Edited September 27, 2008 by The GodMother

[MrShed]

I would want it to be second to none to be honest, when irrespective of what you say, you are charging £295 for a service that you can do yourself in(at absolute worst case) 5-8 hours of personal internet research.

 

I personally have no problem with people charging for these services BTW. What I do have an issue with is making them into something they are not. Some people would prefer the convenience of paying someone to do this work, but PLEASE dont pretend that it is something the average consumer cannot do - with the help of this(and other sites) it most certainly is.

[mattja32]

Ok then why cant u deal with cause UNDER £5k? or are they just not worth it.

 

We will be launching a new service in 4-6 weeeks helping people with claims below £5,000...

 

It is worth helping people...

[MrShed]

Also, please dont pretend that the service is there for the "greater good" - it is there as a business, and to make profit. Again, that is fine, but dont try to portray it as something it isnt.

[mattja32]

Oh and why do u charge for something that i can get for free with some solicitors?

 

Oh and your comments about not mentioning Ratio Money Post 8 states Ratio money is not a con. Then post 12 again Ratio money is a very good company.

 

If ratio are as good as u claim then why cant they help u?

 

Oh and on more thing why have ratio Money told me that one of my unsigned with no prescribed terms and incorrect penelty charges credit agrements is enforcable when under the CCA laws it is not due to no prescribed terms and no signature and incorrect penelty charges. The agreement was taken out in 2004 and it has post 2006 charges on them?

 

I don't understand what you mean when you say cannot help me??

 

Have you had an "Audit" done through Ratio?

 

If so the outcome is down to the Solicitors, I do not think you have had an Audit done...

 

Credit Card Charges can be recovered as can PPI plus interest...

 

With regards to mentioning Ratio I did not come on here mentioning Ratio at all...

 

The Audits that the Solicitors carry out are 100% correct...

 

Ratio would never say that an agreement with no prescribed terms, missing signature and penalty charges was enforceable...

 

You probably work for a competitor...

[The GodMother]

rite what ever i wont be using your sevice i dont need ripping off.

 

Any way i have more trust in my EX husband than i do companys like yours. I trust my EX husband as far as i can throw him and i cant even lift him so thats not very far.

[The GodMother]

I wish i did but i am disabled and wont be fit to work again. My medical records can comfirm that.

 

Yes i have had the audit done but i did not pay for it as dad decided to stop the cheque.

[mattja32]

I wish i did but i am disabled and wont be fit to work again. My medical records can comfirm that.

 

Yes i have had the audit done but i did not pay for it as dad decided to stop the cheque.

 

I am not sure why you are so angry towards Ratio... If your check had of been stopped you would not have had a report done...

 

I wish you well anyway...

[mattja32]

Also, please dont pretend that the service is there for the "greater good" - it is there as a business, and to make profit. Again, that is fine, but dont try to portray it as something it isnt.

 

 

Hi MrShed,

 

Yes you are correct Ratio is not a charity, we do make a profit...

 

I only wanted to clear up an issue as some people think perhaps what we do is not above board... it is very much above board and all our charges are open.

 

The crux of this is that Solicitors do all of the litigation for us and all "Audits" are prepared by Solciitors... manually...

 

I actually am very happy with the work we do and the help we provide for people... you however do point out that people can self litigate... that is fine and people do it as you know... with Success... however not all people wish to single handedly sue there bank, creditor and for those people we provide a good service...

 

Thanks for you opinion...

 

PS I am not posting anymore comments as this could become addictive and I don't have much time these days...

[The GodMother]

well it is pretty obvious that mattja is wanting us all to ditch cag and pay ratiomoney to do everything for us. I vote we tell him were t go.

 

Ih and BTW u say your sols can properly prepare a case. Yeah rite i can properly prepare a case as well thats why i hvae won case against ppl with very much ease and no a single sol in site.

 

And BTW i sent the report back tell u the sol shout try retraining as the company had told me they were not chasing as they knew the did not have a valid agreement B4 i tested u.