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[U34]Unenforceable Credit Card Agreements

by Tawana Wall, Taw

Some very important straightforward information about unenforceable credit agreements. If you have any unenforceable credit agreements you could reclaim thousand of pounds!

1. There is a good chance that some of your loans or credit cards are unenforceable credit agreements and so cannot be enforced by your lender. Even your mortgage agreement could be unenforceable

2. More and more people every day are finding they have debts they don't don't have to pay back, as more and more unenforceable credit agreement claims prove to be successful

3. There is a right way and a wrong way to approach your lenders in order to establish if you have unenforceable credit agreements

4. Many new claims management companies have started up in business offering to approach the lenders on behalf of people just like you. They do two things: establish if you have unenforceable credit agreements; take care of all the complex paperwork if you do have a case to make a claim

5. However, some of these claims management companies deliver a better level of service than others - the industry is so new that the most reputable companies have not been identified yet - issues such as speed of service, responsiveness, cost and most importantly, success rate will determine the best companies to appoint as your agent

6. You have the power to choose which company you use, but it can be very confusing as there are so many of them.

7. Unenforceable agreement Comparison sites offer you FREE, unbiased information to guide you - suggestions as to what to look for and which questions you should ask your credit claims management company

What Can YOU Claim For As Potential Unenforceable Agreements?

The type of lending that could be unenforceable credit agreements and are open to what might be called ?Financial Claims Compensation? is shown below.

Credit Cards
Car Finance Loans
Secured and unsecured loans
Store Cards
Payment Protection Insurance (PPI)
Mortgages

It should be pointed out that this is NOT the same as any of the following: debt management, an IVA or bankruptcy. Your credit finance agreements are audited to see if they comply with the 1974 Consumer Credit Act. There are a number of reasons why they might not comply and therefore qualify as unenforceable credit agreements.

It is a little bit like the idea of mis-sold endowments, which hit the headlines a few years ago, but there is more to it than just mis-selling. Your credit cards and loans could be completely written off!

Banks are bracing themselves for a new wave of claims to hit as 70% of credit card & loan agreements deemed to be “severely flawed & unenforceable”…

No wonder business is booming for Credit Clear Services as more and more people are discovering Debt Elimination as the more attractive alternative to debt consolidation or a debt management program.

Credit Clear Services are leaders in their field of Debt Elimination. There is no need for expensive credit card debt consolidation services that do more harm on your credit rating.

That's why their growing numbers of clients are raving fans of the service they offer. It's testament to the exceedingly high level of professional and ethical service they provide.

Says one Credit Clear client; “I was uncertain about the reality of eliminating my debt this way. I didn't really think it could be possible. So I spoke to a consultant and after they explained the process I felt very assured and was very excited to get started. This is the best decision I've ever made and now I'm on track for a debt free Christmas!”

It's no surprise clients get excited by the prospect of having Credit Clear Services eliminate their debt because they have a very impressive track record. The results speak for themselves and in every case to date they've had their clients' outstanding debt written off - in full.

What's more, Credit Clear Services is regulated by the Ministry of Justice which means at all times they are acting within the law and providing a service that is legal, ethical and just.

How is it possible you can have your debt simply wiped out?

Currently in the UK, it's estimated over 70% of all credit agreements are flawed and therefore unenforceable. Essentially, this means there is an excellent chance your credit agreements may not be worth the paper they're written on.

“If your credit agreements are found to be flawed and unenforceable, our legal team will act on your behalf to have your credit debts wiped out” says Simon Helliwell of Credit Clear Services. The entire process takes around 90 days.

And it doesn't stop there. Store card finance agreements, white and brown goods financial agreements and vehicle finance have all come under the careful scrutiny of the Credit Clear Services legal team. In many cases, these agreements have also been found to be flawed and unenforceable.

Who are Credit Clear Services typical clients?

According to Simon, their clients are usually dual income professional or semi professional couples with children, aged between 35 and 44. The average debt their clients have is a substantial £70,000 – £90,000. He says that for the vast majority of these people, it has simply become unrealistic to continue to service their sizable debts. They've reached breaking point financially and are desperate to find a solution.

How do people get themselves into such a high level of debt?

In recent years, the affluent and middle classes in particular have taken advantage of the vast number of low-cost and highly available credit options. According to latest statistics, nearly 50% of the estimated 31.5 million credit cards in the UK are owned by just 5% of the population. Many of these people are juggling 5 or more credit cards.

Now, the combination of continued lifestyle commitments and the compounding effects of recent changes in global financial money markets (the so called "credit crunch") many people who fall within this demographic are struggling to meet just their basic financial obligations..

Credit Clear Services are offering a life line to their clients. They're giving people the opportunity to eliminate their debts, wipe the slate clean and have a fresh financial start.

Not surprisingly, it's a service rapidly gaining in popularity and credibility. An increasing number of people are choosing Credit Clear Services Debt Elimination process as the preferred solution to their debt problems.

And just how will this affect the lenders?

Well it's a good question and the banks and lending institutions are already preparing themselves for the new wave of claims. GE Money is just one lender who has already accrued £3.5 Billion on their balance sheet for this fresh round of mis-selling claims.

Article Source : Pg. 185

About Author

Both Tawana Wall & Rebecca Gray are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.

Tawana Wall has sinced written about articles on various topics from Attracting Mate, Cars and Credit Check. Julie Ashton is a teacher. She writes on a range of financial matters, debt, debt management options, and particularly about the new Unenforceable Financial Agreement Claims Industry in the UK. Unenforceable financial agreements are just one of the many. Tawana Wall's top article generates over 201000 views. to your Favourites.

Rebecca Gray has sinced written about articles on various topics from Finances. Take control now. Go to to discover if your credit card and loan agreements can be wiped out. In just 90 days your debt nightmare could fin. Rebecca Gray's top article generates over 1000 views. to your Favourites.