write off debt – Write Off Credit Card Debt

You may be surprised to learn that some credit agreements from the banks are unenforceable in one way or another.

The Consumer Credit Act of 1974 insists upon strict terms and conditions that must be written into the contract that you have signed. For example, the interest rates must be clearly stated and correctly calculated, and often this is simply not the case. In some cases these agreements aren’t even signed!

You can write off your debts and claim compensation on anything from credit cards, credit card fees, secured and unsecured loans, bank charges, store cards to your mortgage, and payment protection insurance plans. PPI.

If you’ve taken any kind of credit agreement or loan before April 2007 you might be able to have the debt written off completely and legally by using a solicitor on a no win no fee basis.

Get your solicitor to request a copy of the credit agreement from your lender. This agreement will then be closely audited to see if it does in fact comply with the 1974 Consumer Credit Act. If breaches are found in the credit agreement, it may be unenforceable.

The solicitor will write to the lender on your behalf, so you don’t have to do anything. The process will take about nine months to a year depending on how long your credit company take to respond to the request for the documentation.

For far too long banks and credit card companies have taken their customers to the cleaners, charging ridiculous rates and exorbitant fees for late payments, reducing the credit limit so the customer now has exceeded their allowed limit and then charging another fee. On top of this, we pay even more yearly fees for the “privilege” of having one of their credit cards.

It’s your turn to see if you can write off your debts. It’s legal, fair, justified and could save you thousands of pounds. Use the law to write off debts and restart your life debt free, and free from the day to day worry that you can’t pay your bills.

This is not debt management, an IVA (Individual Voluntary Arrangement) or bankruptcy. These options may be useful if you find your agreements are not unenforceable. Debt management companies offer excellent and confidential advice to help you with debt and debt management of all kinds. Stop worrying and call today for peace of mind.

Ashton Field writes for Market Checker UK http://www.marketcheckeruk.com on a range of consumer issues including Debt Management Advice.
For free help and information on debt problems and solutions visit http://creditcardswrittenoff.com

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i have a $500 credit card debt with hsbc, they wrote it off as a charge off to a collection company. i know what that means and that they sold my account to this collections company. does that mean i cant contact hsbc anymore about making smaller payments or working something out. the collections company wants the whole amount. and im a college student full time and working, there is no way i can make the whole amount.