Freqently Asked Questions About Unfair Credit Agreements
How does it all work?
You provide details of your debts to our legal team who will then audit your credit agreements to establish whether these are enforceable or not.
If the legal team subsequently considers them to be invalid, unfair, unenforceable or fundamentally flawed, the agreements will be challenged with your creditors and a case filed on your behalf to request that they verify the legality of the contract.
Do I need copies of the agreements?
It does not matter if you have lost or mis-placed documents we will request original copies from your lender or card provider.
If you have copies of originals it can sometimes speed up the audit process.
How long does it take?
It is difficult to give any indication of time scales as each case is on its own merit.
It’s a lengthy process requesting information from lenders, then carrying out an audit of all information provided and then issuing a claim for compensation.
How much does it cost?
Your case will only be accepted if it includes Payment Protection Insurance (PPI) and this is on a no win-no fee basis.
Are there any repercussions or will I fall out with my lender?
Relationships may fall down if you have a successful claim against a lender. Therefore we suggest opening another bank account or credit card once your audit process begins.
Can I keep my car if my finance is written off?
Yes. If the balance of your claim is successful against your lender you could keep the car.
If the balance is reduced then you could keep the car and monthly payments would be adjusted accordingly.
Is it legal? Is this a legitimate company?
Yes. This is completely legal and due to changes within the Consumer Credit Act.
We are regulated by the Ministry of Justice and so we must be careful how we operate to ensure we do not breach their code of conduct.
We also work in partnership with one of the biggest legal firms in the North of England
Will I have to go to court?
No. If the claim goes to court you have appointed us and our legal team to act on your behalf.
However, many cases are not going to court as lenders are issuing out of court settlements to prevent details being made available to the public domain.