How Write off loan works...

The Consumer Credit Act of 1974 allows borrowers to challenge unfair credit agreements. Credit Agreements up to £25,000 and issued before 6th April 2007 must comply with the terms of the Act. Recent amendments to the Act means that some credit agreements taken out before this date could be unenforceable which means that your creditor cannot collect the debt from you.

We are independent experts who can review each case. We take details of your debts and their specialist legally qualified team challenge the agreements with the lenders. They obtain documentation on your behalf and then verify the legality of the contract. Our experts will then, via specific correspondence, prove that your agreement is not valid. If it is not valid, it cannot be collected. Simply as that! In any event you do not have to pay anything further as the agreement would be unenforceable.

In what circumstances do these agreements not comply?
Most lenders have not included all of the key points in their credit agreements. These are known as prescribed terms. In some cases, the lender may be unable to produce an original copy of the agreement. In each case the agreements will be unenforceable.

How long does it take to go through the 'unenforceable' process?
This depends upon various parameters. First, your lender must produce a physical copy of your agreements within 42 days of our request. If they cannot do this, they are in default and your agreement cannot be enforced and legally cannot be collected by the lender. If they do provide the agreement our experts will look over it and challenge specific points for enforceability. The time for this process varies from case to case.

What happens if my lenders contact me after I start a claim?
Our experts will deal directly with your lenders. This should stop them contacting you to discuss the debt. If they do, you should not answer any questions or get into conversation but ask them to put any correspondence in writing.

How do I apply?
To check your debts for enforceability simply fill out the 'FORM here' and one of our experienced Advisors will call you back to discuss you claim.