Claims Review could help you have your existing financial agreements demeed unenforceable.
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, 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. As the creditors will not be able to confirm this, the solicitors can then, through a series of specific procedures, prove that your agreement is invalid and therefore unenforceable. They can then apply for the debt to be written off and if applicable re-claim charges, interest and previous payments.
Do I need copies of the agreements?
It does not matter if you have lost or mis-placed documents as the solicitors 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?
The process can take anywhere between 6 and 9 months though we are looking at ways to fast track cases, especially where PPI is involved. It’s a lengthy process requesting information from lender, then carrying out an audit of all information provided and then issuing a claim for compensation.
What costs are involved?
Audit fees and Success Fees! Clients pay an initial audit fee and a success fee upon completion Both of our fees are most competitive within the market place! Credit Cards, Store Cards, Loans & Motor Finance £295.00 per first agreement and £125.00 for each agreement thereafter submitted simultaneously. HP Agreements & Mortgages £295.00 per agreement. PPI claims have no upfront fees. All success fees are 25% of any financial benefit to you.
Are there any repercussions or will I fall out with my lender?
Relationships may fall down if you have a balance written off or reduced by a lender. Therefore we suggest opening another bank account or credit card once your audit process begins.
Can I keep using my credit card?
No, the initial fee can be paid by card but then you must stop using it, any further spending will jeopardise your claim.
Can I keep using my car if finance is written off?
Yes, if the balance of your car finance is declared unenforceable 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?
Yes, this is completely legal due to changes within the Consumer Act. Consumer Credit Is 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. They 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 already appointed a legal team to act on your behalf. Many cases do not go to court as the lenders are issuing out of court settlements to prevent details being made to the public domain.