Unenforceable / Improper Credit Agreements

[Gasket]

Hi,

I wonder if i could get some advice. I have stumbled across a web site which promises to review each of your credit agreements to see if they have been correctly administered and set up, with claims of wiping out the debt if they have not. Surely it cannot be that simple, and if the company have failed to meet certain terms and the debt is wiped will i be blacklisted?

 

Your advice will be appreciated.

[dpick]

Hi these firms are a load of ****. They charge anywhere from £250 to £650 to have a look at each agreement. I started with CAG approx 18 months ago knowing nothing still don't know much more but with the guidance from other members of CAG I have had three debts wiped. Two of these were catalogue debts both had no agreement at all the first Littlewoods folded after I wrote to them regarding no agreement no debt the second J.D.Williams I had to take to court they settled just before the court hearing.

 

My other debt was MBNA credit card they had purchased my credit card from HBOS in 2004. The problem was that they could not provode anything other than the front of the agreement and what was provoded was improperly executed and as a result iredeemabley unenforceable.

 

So yes these companies can do what they say but with help from CAG you can do it yourself for nothing. As a guide I removed £8300 debt from approx £12000 debts and as a result I can now pay these legitimate debts much easier.

 

all the best dpick

[Gasket]

The only debt i would be looking to have wiped would be a virgin credit card with debts of about £5k

 

The web site states that they add the debt to credit card which gets written off.

 

I am tempted to try this but i worry how it will effect my rating and ability to obtain credit in hte future

[Bilgeman]

As dpick says there's plenty of advice on here to help you and it won't cost you a penny. Please don't fall for the scams - ther are so many out there. It can take time to find the guidance you need but it is all here.

Start with dpick's link above and good luck

[pedro1966]

Hi Dpick, i am new to this forum and finding it very useful.

 

Are there standard letters available to send to the CC companies?

 

I have never missed any payment on any loan or CC and have a good credit rating. But, like many people times are tough and I can not say that will be the case for the future?

 

Some questions if I may:

 

if I send these letters, but in the meantime continue to make the correct repayments, will the CC company increase my interest rate?

 

Will this mess up my credit rating? I work in Financial Services and need a clear rating?

 

Thank you in advance for your help.

 

 

Pedro1966

[HughG]

Hi Dpick, i am new to this forum and finding it very useful.

 

Are there standard letters available to send to the CC companies?

 

I have never missed any payment on any loan or CC and have a good credit rating. But, like many people times are tough and I can not say that will be the case for the future?

 

Some questions if I may:

 

if I send these letters, but in the meantime continue to make the correct repayments, will the CC company increase my interest rate?

 

Will this mess up my credit rating? I work in Financial Services and need a clear rating?

 

Thank you in advance for your help.

 

 

Pedro1966

 

Hi, newbie here, and thanks for this great source of information and support.

 

I'm also interested in this subject and have exactly the same worries as Pedro.

 

Also, I'd like to ask, whilst the matter of unenforceable credit is being investigated, am I required to continue making monthly repayments as normal?

 

Do Banks alert/communicate to each other about such action being taken by a client?

 

Thanks

[davey77]

You should continue to make payments until the 12+2 days have passed and if by then the Creditor has not supplied you with an agreement you are entitled to withhold payment until the Default (on the creditors part) has been corrected (by supplying you with your agreement.

 

Be prepared for lots of phone calls and letters should you stop paying. Even though you are within your rights to do so after the 14 days.

 

Letter (N):

http://www.consumeractiongroup.co.uk/forum/general-debt-issues/20758-creditors-dcas-letter-templates.html

 

The creditors may Default you eventually (something they should not do whilst the account is in dispute and if they haven't supplied your agreement).

 

Creditors do not obey the law. Search the threads and/or start your own individual threads and post questions and you'll be able to get the information.

You could continue to make payments after the point at which a creditor should have given you the documentation. There's nothing to stop you doing that if you want to play it that way.

[Magman]

hi dpick

 

I have used your letters to ask both citi card and mbna to cease using my information and zero my accounr as neither sent me the origional signed contract. since then I have received phone calls and letters threatening to report defaults on the accounts so I suppose the question is what do I do next have you any further letters.