unfair credit agreements – Getting back credit card charges? India

Getting back credit card charges?

My credit card just defaulted, and they company are being pretty awful to me. I am a student and genuinely cannot afford to pay the large sums of money that they are expecting me to pay back.
I have been requesting for a long time that they send me statements as they have been sending them to my old address for the past 4 monthes. This they have not done.
I heard that you an claim back credit card charge's, does anybody know if this is true or how i do this?
Also is this company allowed to demand that i pay back approx £50 a week, when tht is more than my weekly income?
And if they take me to court what will happen there?

Christmas can be a very expensive time of year, which is why it is important to think about clearing debts. The following article will highlight some of the ways in which you can clear debt in time for the festive period.

Examine credit agreements

If you have loans or credit agreements, it may be worth looking into how valid these are. Under the terms of the consumer credit act, credit agreements must meet up to a series of criteria, in order to be legally binding. In certain cases, you may be entitled to make a claim to clear this debt.

Budget

Setting a budget is an important part of getting back in the black. At this time of year, this can be difficult, however it is important to be disciplined if you are to achieve you goal of clearing debt. Examine your bank statement in order to see exactly where your money is going each month and work out a plan which takes into account this expenditure.

Make cutbacks

Making cutbacks on life’s luxuries is a sure fire way of helping to clear debt. Most people can save a significant amount of money by cutting back spending on non-essential items. Entertainment is a common culprit; therefore staying in rather than going out can help you to clear a significant amount of debt. Also, by careful shopping, such as making a shopping list, and sticking to it, you can continue to save money.

Cut up your credit cards

If you asked most people to name the root cause of their debt, credit cards would be fairly high on most people’s list. Taking a pair of scissors to your card may be something of a painful exercise, but in the long run, it is a positive step towards clearing your debts, as it means that you can’t buy the things you haven’t got the money for.

Downsize

Downsizing your house or car is a great way of freeing up some capital, which could help you to clear debt. Not only that, but this will also mean that your monthly outgoings are reduced, which will help you to stay in the black. Do you really need that high performance sports car, or big house?

Now you know more about how you cut down on your spending, and still have a great Christmas, is today the day that you decide to clear debt for good?

Discover more about you can be Credit Clear and how to be Clear Debt, and more about how Unfair Credit Agreements could mean you don’t need to pay off your loan or credit card balance. Find out more at CreditClearUK.co.uk today.