It may seem so but due to the amendments to the 1974 Consumer Credit Act, although not all agreements are unenforceable, a good number are believed to be.
Your initial audit should take no more than 60 days and in many cases will be quicker than this. If it is deemed that there may be a claim then our solicitors will endeavour to complete your claim within 9 to 12 months although this is dependant on the lender and the process could be shorter or longer.
£99 per agreement you wish us to audit. IF THE CASE IS NOT TAKEN ON BY A PANEL SOLICITOR THIS FEE IS FULLY REFUNDED!! There will be an extra fee of £99 payable should a solicitor take on your claim. Terms differ for potential Payment Protection Insurance claims. Please see our "Other Services" tab.
A regulated credit agreement should be provided for any loan, or purchased goods on credit, up to £25000. The agreement must conform to the prescribed terms under the Consumer Credit Act 1974 and be signed by both parties to be properly executed.
No actions taken by us or our panel solicitors affect your credit rating. It is important that you at least make the minimum payments required to the lender if you are able to do so, unless you decide not to following advice from your solicitor. If you do decide to stop making payments, this could affect your credit rating.
None of the acions taken by us or our solicitors should affect your ability to apply for a loan or credit card although any application would be subject to the individual lender's criteria. It may be the case that any lender you have had a claim against may not wish to offer you any future credit. You should also be aware that although a debt may be declared unenforceable, with you not having to make any further payments, it could remain on your credit file.
No. If it is deemed appropriate for the payments to stop your solicitor will advise you of this.
Once a potential credit card claim is being processed by your solicitor you should not continue to use the card in question as this could affect successful completion of your claim.
Due to strict confidentiality rules that govern a relationship between a client and their solicitor, we can not provide any details of previous successful cases.
If your credit agreement is deemed to be unenforcable and one of our panel solicitors is acting for you then your lender can not threaten you as it will be in legal dispute. All their communications must be directed to the solicitor. It is felt to be very unlikely that you would need to attend a court.
This does not effect your ability to claim and whilst a solicitor is acting on your behalf it is unlikely that the lender will commence or continue legal action against you.
