The Best Credit Card Tip of ALL
April 30, 2009 by
Filed under Wipe Out Debt
Credit Card
Wipe out your Credit Cards Debts. It is possible?
Would YOU like to wipe out your credit card, store cards and loan debt? Well believe it or not now you can! There is a NEW financial claim which is set to sweep across the UK! So how is it possible to wipe out the balances on your credit cards and loans you may be asking? It is not a scam as many think. And the banks have seen it coming for many years which is why some have set aside funds to pay for all of this. Don’t worry though. As we have all seen in the media lately the banks are not short of funds. They can afford to pay their Directors well for the services they have provided.
It has been discovered that many finance and credit agreements signed before April 2007 breach the terms and conditions of the 1974 Consumer Credit Act. It is possible to have any agreement you have ‘audited’ by a solicitor to check the contract to see if it complies with the 1974 Act. If is does not, it is unenforceable and you can apply to your lender to wipe out the whole balance. I have done it and I know it works! Because of the manner in which the banks and lenders solicitors drew up the finance agreements we signed, I.e ignoring the law as laid down by the Consumer Credit Act 1974, it is possible to take your lenders to court and apply to wipe out the entire balance. The fact is that the banks and lenders did not adhere to the very strict and complex terms which were required to be written into the contract by the 1974 Act. This law was designed to protect us, the consumer from the whims of the lenders with regard to interest rates rises etc. It has been found that many of credit finance agreements are not valid contracts because they don’t comply with the very strict terms and conditions of the act and this actually makes them unenforceable contracts which is why you can apply for a wipe out of the debt.
Firstly your solicitor will ask for a copy of your agreement from your lender to establish if any breeches under the terms and conditions of the 1974 Consumer Credit Act can be found. If this is the case and your agreement is unenforceable your solicitor will contact your lender and conduct the whole case for you. This save you the time and stress of having to do it yourself.
You get to keep all the money you claims and you won’t be charged any back end fees on conclusion of the case. It is not debt management, an IVA or bankruptcy. It is a completely legal process and is carried out on your behalf by a solicitor on a no win no fee basis. You can claim to wipe out any number of cards and it does not matter if you are behind on repayment. In about nine months to a year you will be free of the debt once and for all.