any truth in this websites claims?

[Hoppy2008]

my mate just asked me if I had a loan, and told me about these people....
Seems too good to be true.
What does PH think?

http://www.creditissuesltd.co.uk/index.aspx

[schmalex]

I think the old adage of "if it looks too good too be true, it probably is" applies in spades here......

[mel]

NO, & I haven't even read it

[bigandclever]

Status: Active
Date of Incorporation: 12/05/2008

Country of Origin: United Kingdom

Company Type: Private Limited Company
Nature of Business (SIC(03)):
None Supplied

Accounting Reference Date: 31/05
Last Accounts Made Up To: (NO ACCOUNTS FILED)
Next Accounts Due: 12/02/2010
Last Return Made Up To:
Next Return Due: 09/06/2009

So that'll be no history then (of this particular outfit). Wonder who they used to be?

[StevRS]

It'll wreck your credit rating...

[scotal]

this seem sot be the new "thing" for the ambulance chasers to be looking at. Certainly we've been approached by a coupl eof firms looking at exactly the same thing.

[scotal]

StevRS said:

It'll wreck your credit rating...

They CLAIM it wont as the agreement is declared null and void, it is removed from the credit file in its entirity, and therefore no record remains to rubbuish the file.

I have no idea if this is the case.

[scotal]

OH and check how much of the cash they return to you will be withhled by them as a fee......

[Hoppy2008]

So who's gonna volunteer for their service.
If only there was someone on PH that was looking to clear a £7k loan and a couple of credit cards......

[scotal]

Hoppy2008 said:

So who's gonna volunteer for their service.
If only there was someone on PH that was looking to clear a £7k loan and a couple of credit cards......

Were they taken out prior to april 07.

[bigandclever]

'Stuff' elsewhere...

http://forums.moneysavingexpert.com/showthread.htm...

[Hoppy2008]

scotal said:

Hoppy2008 said:

So who's gonna volunteer for their service.
If only there was someone on PH that was looking to clear a £7k loan and a couple of credit cards......

Were they taken out prior to april 07.

Dunno, it was okgo.

[Justayellowbadge]

Why would you try to get out of a loan you had agreed?

[Tony*T3]

yes, been approached by someone in work that said this was going to be the 'next big thing' after the bank charges thing. Said that people HAVE had £100,000's cleared.

[scotal]

Justayellowbadge said:

Why would you try to get out of a loan you had agreed?

Its being sold as "why should the banks be able to enforce and unenfoceable contract"

[merc_man]

I suggest you look here under the faq to see how they'll stiff you.

I suspect many people, after stumping up the fee, will receive a nice "I'm sorry but in your particular case we are unable to help any further" letter. Nice that they'll be further in debt than before.

I would avoid like the plague.

[johnfm]

Well, I don't think it is so cut and dried. Though the ACT has very rigid stipulations for what information must be presented and how it is to be presente, variations form theis doesn't totally make a credit agreement unenforcable.

I think there is quite a bit of discretion for the court to enforce an agreement even where there is a problem with it.

[Tony*T3]

Justayellowbadge said:

Why would you try to get out of a loan you had agreed?

What if you found out that instead of charging you interest of 14.5% per annum they'd made a 'simple computer error' with all thier customers accounts and charged them 15.5% per annum.

On 10 million accounts.

Over a 10 year period.

And failed to rectify it?

Do you actually check your balance to see that the ammount actually charged is what was in your agreement?

[minimax]

bigandclever said:

'Stuff' elsewhere...

http://forums.moneysavingexpert.com/showthread.htm...

standupguy = tonker AICMFP

[esselte]

Tony*T3 said:

Justayellowbadge said:

Why would you try to get out of a loan you had agreed?

What if you found out that instead of charging you interest of 14.5% per annum they'd made a 'simple computer error' with all thier customers accounts and charged them 15.5% per annum.

On 10 million accounts.

Over a 10 year period.

And failed to rectify it?

Do you actually check your balance to see that the ammount actually charged is what was in your agreement?

Isn't that a different issue to the agreement being invalid...?