Clear Credit Card
Debt: How Can We Help?

We are compliant
with the CAN-SPAM Act. We will not pass your name or any other details
to third parties apart from the specialist solicitor who will need to
know these details in order to help you.
Clear Credit
Card Debt: The Broader Picture
Lots of people want
to clear credit card debt, especially as the recession bites. Changes
in the Consumer Credit Act of 1974 relate to any loan facility taken
out prior to April 6 2007, which is the first day of the financial year
immediately following the year in which the changes were made to the
Act, i.e. 2006. So any loan agreement made before this date needs to
have these details – known as the prescribed terms – clearly
on it, and the lender must be able to provide a fair copy of that original
document showing the prescribed terms if asked to do so. The basis of
being able to clear credit card debt rests upon the ability of the lender
to reproduce the correct documents.
When we start to
think about how to clear credit card debt we think of ways and means
of recovering our lives as a whole. Total UK personal debt burden at
the end of year end 2008 was an amazing £1,457bn. This figure
has decreased to 3.6 percent in 2008 which is an increase of around
£50 billion. Overall lending in the last month of 2008 grew by
over £2,000,000,000. Lending on home loans escalated by £1.9
billion that same month while personal consumer credit lending increased
by £0.3 billion in the month.
All correspondence
is confidential.
We are registered
under the Data Protection Act. Reg. No. Z1620707
Clear credit card
debt before 6th April 2007