credit card write off

Credit Card Write Off - How does it work?

The Consumer Credit Act of 1974 was brought about to protect UK Consumers, however, the terms that allowed the consumer protection were not clear and therefore for years the Credit Industry was allowed free reign with little resistance or challenge from consumers.

These unclear terms of protection have now been changed as a result of the Consumer Credit Act of 2007. This makes it clear to all parties that Consumers can challenge a Credit Agreement if they believe it to be unfair.

The Credit Comp Ltd legal panel can check, audit or review your agreements and confirm if they are unfair or indeed unenforceable. If you believe you may have taken up an “Unfair Credit Agreement” we shall handle the whole process for you including if necessary taking your Lender all the way to Court.

We combine our knowledge and experience in finance with our Legal Panel’s expert legal advice to ‘Audit’ your credit agreement.

We check that your agreement complies with the prescribed terms defined in the Consumer Credit Act of 1974. The Consumer Credit Act 1974 exists to protect the rights of lenders and borrowers who are in contract with each other.

Millions of credit agreements, ranging from credit cards to loans are in breach of the Act and can be deemed to be ‘unenforceable’.

Where a borrower’s agreement is declared ‘unenforceable’ he/she would not be required to make any future repayments.

What can I claim?

Irrespective of whom your credit card or unsecured loan provider is, so long as the balance is over £5,000 we could help. Once you have discussed your requirements with a Credit Comp representative and we think we can help, we will sign you up.

Once signed up our specialist team will obtain and ‘Audit’ your agreements. We will then guide you through the rest of the process.

No matter how many cards or loans you have we could help with them all. If your case meets the qualifying criteria the balance of your credit or unsecured loan could be written off in full.

Visit our website http://www.debtmanagementedinburgh.co.uk/creditcomp
Do you have a credit card or loan? Would you like to have the balance written off? No matter how many cards or loans you have we could help with them all. If your case meets the qualifying criteria the balance we could eliminate credit card debt. Just visit our website and complete our "Make a claim" form, It's the first step on the road to a sucessful credit card write off.