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    • And with 33% equity nobody will care either.
    • 3 threads merged please keep to one thread.   forget the calendar section of a credit - no-one bar the original creditor and the person can see that   its the summary status line the any potential lender will only see.   so as it stands, she as 1 or 2 in the calendar section which, correctly shows she was either late with the required payment for that month or short paid what should have been.   although these will effect here potential 'score'. as said above only the lender and her can see them
    • I haven't had a chance to read through his contract yet but he is insisting that it says of he leaves his position within 2 years he will have to pay back his course fees. I will read it properly though and get back to you  Thanks for your help so far 
    • Hi all,   New to the forum, so please feel free to move the topic if needed.   I need a little help with a used car: I bought an 04 BMW from a dealer about 2.5 weeks ago. It cost £1,600. I gave it a test drive and it seemed pretty decent so paid via bank transfer and took it home. The issue started when I took it on a national speed limit road as the car started to sway on the road. I reported this to the dealer and he agreed to fix the issue. He took it to his mechanic who informed him that it was the drivers side hub. They didn't have time to fit it so gave me the part and the option to use a local mechanic. The mechanic agreed it would be causing the sway, charged me £80, which the dealer refunded to me.  The car was improved but we went on a short break over the last few days and I drove the car about 35 miles away. The issue now is there is a rumbling sound, noticeable on motorways and it doesn't feel particularly safe, especially over deviations in the road. As the swaying was the main issue I can't say if that rumbling was there to begin with.   The dealer has been fair to me so far in refunding me the money but he did admit he only test drove the car and it wasn't checked over fully when I took it back the first time. My mechanic said the play on hub was so bad it should never have been sold in that condition. I have messaged the dealer this evening explaining the issue but he has been a bit defensive saying the car does not have a warranty and he has already spent money on repairing it. He will need to speak to his manager and get back to me. To be fair to him he has attempted to repair it but for me he should never have sold it without it being mechanically checked over.  What do people make of this? What are my options if he won't budge and I need to take it further. I would like a refund rather than another repair as I feel I have been pretty patient so far. At the moment I have a car that isn't safe and I can't afford to take a £1,600 hit in my pocket.   Many thanks,   Mark.  
    • I have threads elsewhere re a repayment plan (6 months) with Barclays Mortgages during a maternity leave. Arrears now paid, trying to re-mortgage but with great difficulty. Not really advised of dire consequences of this decision, trying to get SAR info but no luck with telephone recordings as yet. Complaint handler appear sympathetic but who knows to what extent. Looked at Which website and they mentioned a Goodwill Adjustment letter which I have never heard of. Intention of this thread was to see if anybody had used this to remove bad markers from their credit files.
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      I was in Sainsbury’s today and did scan and shop.
      I arrived in after a busy day at work and immediately got distracted by the clothes.
      I put a few things in my trolley and then did a shop.
      I paid and was about to get into my car when the security guard stopped me and asked me to come back in.
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Good Riddance To The Rankins - Moj Stops Them In Their Tracks

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Basil and Amanda Rankine, who starred in a Panorama documentary, claim to be able to cancel clients' credit agreements by 'buying' their debts.


But can it work and why has the OFT branded 'debt sale' a [problem]?

A couple spotlighted by TV's Panorama for trying to escape massive debts have set up a business claiming to be able to cancel clients' credit agreements by 'buying' their debt off them.

Credit Card Killer -www.creditcardkiller.co.uk*- set up by Basil and Amanda Rankine, which has been trading in its current form since early this year, says it buys credit agreements – including personal loans,*credit cards*and car loans – and legally challenges them.

But the parent company of Credit Card Killer, Momentum Network, has just been stripped of its authorisation to deal in the debt industry today by the Ministry of Justice (MOJ), the debt industry's main regulator.

The MOJ declined to comment on the company but said suspended firms are not allowed to advertise, offer debt advice, or handle debt claims.

The move follows a recent warning by the Office of Fair Trading (OFT) about debt sale companies, which it branded a '[problem]'.

Birmingham-based Basil and Amanda Rankine appeared on a BBC documentary late last year,Can't Pay, Won't Pay, in which they described arguing their way out of repaying approximately £100,000 worth of debt.

The Rankines have since stepped up their business Credit Card Killer, using the TV publicity to promote themselves on their website.

They charge indebted clients a flat fee of £450 plus 10% of the outstanding debt for a loan agreement, in return for 'buying' it off them for a nominal payment of £1. There is a further charge of £350 plus 10% for additional agreements.

Credit Card Killer says it is then no longer the client's debt and the original lender should not pursue them for repayment.

If contacted by the original lenders, the Rankine's solicitors plan to argue their way out of repaying the debts in the courts by finding fault with the original contracts.

Basil told This is Money that he and his wife are the founders of a nascent 'credit card cancelling industry', believed to currently consist of approximately half-a-dozen rival players.

The OFT recently branded companies offering to help people become debt free through buying or selling on debts 'debt sale scams' and warned consumers to steer clear of them. It argues the law does not permit the sale of debt without the original lender's permission.

The OFT says these companies are encouraging people to violate contract law, an illegal activity, which will eventually leave consumers out of pocket. The companies' advertisements violate industry guidelines as a result as they are 'misleading' members of the public, it added.

Basil Rankine strenously denies that Credit Card Killer's debt buying practices fall foul of any law or are a [problem]. He says the OFT's public criticism of the debt selling and buying industry brands him and his wife criminals, and has threatened to take them to court over the issue.

He argues contract law does not apply in this case as anyone can allegedly get out of a contract by refusing to repay a loan: once out of contract, they can sell their debts to whomever they wish.

Basil said: 'The OFT is right, you can't sell your debts while you are in a contract, but anybody can cancel their contract if they want to and then sell the debt on. None of the lenders have tried to take me to court, that's the important issue. It's because they're scared to.'


So who is right?

Daniella Lipszyc, a specialist in contact law with Ultimate Law in Altrincham, Cheshire, said the central issue here is a loophole Basil has identified: lenders terminate a contract after a borrower falls behind in repayments, before they ask for the whole amount to be repaid.

This loophole is the window created – after the contract has been terminated – that the Rankines are using to sidestep contract law to buy debt.

Daniella said: 'They are right, technically. The problem is they want to assign the liability for the debt to themselves, which is the bit I can't see working. The liability for the debt is a personal one, much like a personal injury claim; you can't assign a personal injury claim to someone else – it's yours alone, it's personal. There's also an implied obligation to repay the debt.

'Whether this holds up in a court of law remains to be seen.'


Let the debtor beware:*Fees are costly and the advantages of signing up to Credit Card Killer are unclear

Credit Card Killer has 'thousands' of clients, according to Basil. However, he admitted up to half of these are still being pursued by their lenders: 'Yes, they have frozen accounts, debt collectors phoning, banks who have taken money out of other accounts. About half of the lenders are still pursing customers for their debts; about half are still getting letters about their debt.'

People who 'sell' their debt will still 'be liable for their original repayment obligations', suffer a black mark on their credit file for unpaid debts and will continue to be pursued by debt collectors, according to the OFT.

It is impossible to tell how much the company has made from its 'thousands' of customers, as the due date for the latest accounts of Momentum Ltd, Credit Card Killer's parent company, has yet to arrive.

Past successes

The Rankines have an impressive looking list of written-off debts on their website, totaling just under £113,000 out of an original £120,000 borrowed. However, these gains must be set against approximately £100,000 worth of legal costs incurred.

In a case at Birmingham District Court in May last year for £37,000 worth of debt, which the couple lost, the judge said of Amanda: 'Mrs Rankine was deliberately seeking to be perverse and untruthful in seeking to avoid a substantial debt despite having all the benefits of equipment she expects the credit company to pay for on her behalf.

'Her behaviour in court was perverse, argumentative and obstructive.'

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This subject has already been discussed elsewhere - why start a new thread on it?


If you are going to lift articles from the media, you need to provide a link.

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didnt realise it had- sorry i was so exited- just found it on another post

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to be fair the site is sooooo large and rambling it takes a while to keep upt to speed


by all means take it down if it offends or causes complications

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