How fit are your finances?
Welcome back!Applying for a new loan or credit card is a competitive business, with the best deals going to the people who have the fittest credit history. If you want to be in the running, you need to remember the old fable and act like the tortoise, taking time to manage your money, rather than [...]
Learn MoreCredit Cards Cleared - As seen on Staffordshire BBC TV
Basil & Amanda Rankine challenged their credit card providers in court and they had six credit cards wiped out, totaling £37,000. As seen on Staffordshire BBC TV
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- 6 Comments
- Tags: unenforceable agreement, unenforceable finance contract
Interesting, I became aware of the Rankines case a while ago, they won their first case but stupidly went on to run up more debt and try it again. I suppose it was inevitable that the court would see through it and subsequently they lost their second case. I think they also struggled by doing the whole claim themselves when there are a few very reputable companies who will conduct the claim on their behalf, the key thing being the use of legal experts and specific procedures for the claim process. It’s an interesting concept though and one which I am sure we will hear more about over the coming months.
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Reply[...] The eleventh secret is you could contact Finance Claims Checker and let them see if your credit card agreements are invalid and unenforceable in law. If they are then they may be able to have your credit card balances written off using their solicitors and the legal loopholes in the Consumer Credit Act 1974. [...]
[...] interviewedBasil and Amanda Rankine, who said that they had cleared credit card and loan debts of £100,000; but had then decided to [...]