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Click above to listen to Consumer credit issues expert ,Keith turner, live on radio 4.
With the credit crunch affecting everyone, Panorama reporter Paul Kenyon meets a couple who have exploited loopholes in the law to have thousands of pounds worth of debt written off.
Mr & Mrs Basil Rankine, who managed to
have £100k of credit debt written off by legally challenging their lenders. This was
the landmark case which has set a precedent that others are now following.
If you didn't see the programme, I urge you to go and see the video clip by clicking on
the link above
Are you one of millions that are tied into never ending credit agreements ?
Imagine if you could repay your outstanding credit agreements without the hassle of creditors chasing you.
We may have the answer, if you signed a credit agreement before the 6th April 2007 there is a good chance that this could be deemed unfair and therefore unenforceable under the revised Consumer Credit Act 2006.
This enables us to challenge (on your behalf) a credit agreement in court on the grounds that the agreement is unfair to you.
Common examples of unfair credit agreements include:
Credit Cards
Retail Finance (Electrical, Home Furnishings etc)
Car Loans
Secured Loans
Unsecured Loans
Store Cards
In effect any Finance Agreements you may have
BBC Look North News - 20 Million Unfair Credit Agreements Each Year could be Worthless
click the above to view BBC Video
of one mans story how he won £35,000 from his credit card company
The cost for comparison is 7.6%APR.The actual rate will depend on your circumstances. Ask for a personalised illustration. Enquiries generated via this website are passed on to independent financial advisers and mortgage brokers that are authorised by The Financial Services Authority that cover the area of Fazackerley In Merseyside .Telephone calls may be monitored.
Think carefully before securing other debts against your home.
Your home may be repossessed if you do not keep up repayments on your mortgage.