How can we ‘write off’ debts?
If your loan or credit card was taken out before April 5th 2007, it could be unenforceable. This means that you wouldn’t have to pay the money back.
All credit (up to £25,000) taken out before April 2007 comes under the consumer credit act 1974. This act sets out ‘prescribed terms’ which the lenders must follow for the agreement to be legally binding and enforceable.
Our solicitors are experts in this area of law. We will obtain copies of your credit agreements and look over them in fine detail to see if the lenders have complied with the consumer credit act. If we find areas where the law was not followed properly we will seek to make your debt unenforceable, meaning you won’t have to pay it back.
The best part of this is that we can do this on a ‘No win No fee’ basis (debts above £5,000). Unlike many of our competitors, we also don’t charge a fee when we’re successful in writing off the debt. We charge our costs to the other side, so there’s nothing to pay for you at all.
Our solicitors will check your agreements for free. All we will need is a cheque for £10 made payable to each creditor. This is the money they charge for the documents that our solicitor will need. This money doesn’t go to us.
Once the solicitor has looked at the documentation, he will decide if he thinks you have a case that he would like to take forward. At this point you will be able to decide if you want us to proceed. If you decide not to, there is nothing to pay.
If you decide you want to proceed with the case (which you should as a solicitor will have already told you that you have a strong chance), then our fee is £115. This is all you will have to pay at any point to write off any debt between £5,000 and £25,000.
For debts between £1,500 and £5,000, the fees are slightly different as we have to use the small claims court. When you contact us, we can explain this in full.
What do I need to do now?
Either fill out the initial application form below, or contact us now on 0800 112 3771.