A Great New Way to Clear Unwanted Debts

According to the Consumer Credit Act of 1974, if a loan or financial credit agreement is written incorrectly, it can be deemed unenforceable in the court.

So, what does this mean for you?

It means, if you took out a loan, it can be any kind of loan; car loan, general unsecured or secured loan, hire purchase agreement, agreement to buy a car on finance or a mortgage, and the agreement you signed was written incorrectly, this may be unenforceable.

So, why would it be unenforceable?

Recently, as a result of a customer doing extensive research in credit agreement found that prior to April 2007 a large number of credit agreement in the UK were drawn up incorrectly. He then protested against his credit company and stopped making repayments. As a result his credit company couldn't take him to court. An unenforceable agreement means, the court doesn't see it as enforceable. In other words, if you stop making repayments then your creditor cannot take you to court!

You can still go ahead with this even if you are on a debt management plan, unfortunately, if you are processing bankruptcy or entered an IVA you won't be able to.

If you have debts, loans or a finance agreement you signed before April 2007 and want to see if you can walk away from them, then it may be a fantastic option for you. And best of all, it is quite cheap to process it.

You can save thousands or pounds in repayments. We have teamed up with cancelmyloan.co.uk who are a leading processor of Unenforceable Credit Agreements. To find out if your loan or credit agreement is unenforceable, visit Cancel My Loan.

Read what the press is saying

"The court said the loan agreement was unenforceable under the Consumer Credit Act after the original loan company had wrapped insurance payments into the debt and then added interest and penalty payments to the total"

"The bill gives us the once-in-a-generation opportunity to prevent more people becoming trapped in grossly unfair credit deals."

"There are undoubtedly thousands, if not millions, of other unfair loans out there still to be checked."

"You may think that once you've signed a contract, it's legally binding, no matter what. But if the terms in the contract are judged to be unfair, you may not be bound by them."

Why use us to set up your IVA?

If you have debts over £15,000 than our Insolvency Practitioners can help you by proposing an IVA plan for you. Our Practitioners are industry regulated with many years experience in dealing with people like yourselves. We believe in providing honest, professional and reliable service. Fill out our online no obligation enquiry form to arrange a callback from one of our specialist Insolvency Practitioners. They will be happy to listen to you and devise a plan that is best suitable for your situation.