Wipe Off Credit Card Debt

 

 

 

 

Reduce My Credit Card Debt

Get an Independent Quote for Free

 

Why Reduce My Credit Card Debt?

Reduction of all your financial outgoings is crucial, especially in the present economic climate. People just don't know what's round the corner or whether the job they've had for years will still be there next month. No wonder people are saying to themselves 'How do I reduce my credit card debt?'

The problem is one faced by millions of us. Any debt counsellor or financial adviser will tell us that the first thing we need to do is to prioritise our expenditure. Some things that we regularly spend money on are more necessary than others. The roof over our head, the clothes we wear and the food we eat are obvious examples of expenses we should prioritise first, as these clearly go to the top of the list. Only when we have safeguarded these should we consider the other things we spend money on. Additionally, when we reduce our credit card debt we have more money left over for these more important things.

When it comes to everything else, we are left with the non-essentials. That includes wanting to reduce our credit card debt and the other expenses we can actually cut back on.

 

How Do I Reduce My Credit Card Debt?

If I wanted to reduce my credit card debt I would look to the two means of doing it - and there are only two broad ways we can reduce credit card debt (or any kind of debt).

  1. Find out if the debt is valid in law.
  2. See if we can enter into a legal binding agreement to reduce it.

The first of these is perhaps the most controversial. If we look at the numerous listings in the search engines when we enter a search term like "reduce my credit card debt" we see a mixture of results. But one thing that sticks out is the sheer number of people wanting to halp us wipe off (make unenforceable) our debts because they are not legal, in the sense that they have not been drafted in the way set out in the Consumer Credit Act 1974 and its amendments.

If a credit agreement has not been written according to that particular piece of legislation, and if it was drafted before April 6th 2007, it cannot be enforced, even by a court. Whether we want to take advantage of this in reducing our credit card debt is up to the individual conscience. But most people would agree that there is no point in paying for something if we don't have to.

It is currently believed that 7 out of every 10 credit agreements drawn up before April 2007 cannot be enforced. As mentioned above, there is no shortgage of people offering to do this for us, for a fee. But we could also do it ourselves if we choose to (though most people don't have the nerve or the confidence).

The second way to reduce our credit card debt is to apply for an IVA or Individual Voluntary Arrangement, or some other kind of debt management program. This writes off up to 70% of debt at a stroke and sets aside the remainder to be paid off by us over a number of years (5 in most of the U.K. or 6 in Scotland, where it is called a Protected Trust Deed).

To apply for an IVA see our Best Debt Consolidation IVA service.

If you are wondering 'How do I reduce my credit card debt?' then make an appointment for an informal chat on the phone with one of our legal team, at a time most convenient to you, by filling in the web form below.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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.

 

 

 

Wipe Off Debts Lawyers | Reduce My Credit Card Debt | Reduce Your Credit Card Debt | Check My Credit Card Agreement | Check My Loan Agreement | Clear My Credit Card Debt | Legally Wipe Off Your Credit Card Balance | Wipe Out My Credit Card Debt

Reduce credit card debt

Wipe off my credit card debts | Wipe off your credit card debts | Reclaim Unfair Bank Charges

credit card debt wipe off (make unenforceable)
how to legally wipe off (make unenforceable) credit card debts
writing off credit card debt
is my credit card debt legal
do these debt wipe off (make unenforceable) companies work
unenforceable credit card agreements
car finance problems
check my credit agreement
credit card wipe off (make unenforceable) solicitors
credit card wipe off (make unenforceable) lawyers
debts written off

Note: If a debt is found to be unenforceable this means that the debt can not be collected. It does not mean that the debt is wiped, cleared or written off, other than in exceptional circumstances. All references here to writing off or wiping off or clearing debt and to 'write off credit card debt' are understood in the colloquial sense. In most cases the debt will remain outstanding and on file.