Please note, DPSP would not advise that this be the main method of dealing with your debts. The reason for this is due to the changes in the Unenforceable Credit Agreement Industry throughout 2009/10, resulting in claims taking a much longer period of time to be fully resolved. This whole process can take anything between 6 months to 2 years+ to complete a final outcome and even then if successful the agreement will simply be marked on your credit file as "Unenforceable".
Personal borrowing under the amount of £25,000 is covered by the Consumer Credit Act 1974 (CCA). The CCA was passed by Parliament to protect consumers as up until this point consumers were being misled by some lenders when borrowing money. To ensure consumers fully understood the conditions of their credit the CCA made it law for lenders to originate all credit by standardising the process through a number of prescribed proceedures.
The CCA also explains to lenders that if they don't follow the proceedures, as prescribed, then the debt will become unenforceable under the clause 127 of the CCA, until 2007, removes any judicial power that a judge has. Every form of credit originated under the CCA has either very simply:
- followed the prescribed terms and therefore the debt is enforceable OR
- broken the law by not following the prescribed terms therefore the debt is unenforceable
It is reported that millions of agreements over the last 30 years have not been originated within the law therefore it is essential that all running agreements are audited.
If you have a credit card or loan agreement that was issued BEFORE 4th April 2007, then we would like to offer you the opportunity for our panel of solicitors to review your agreements for a potentail claim of unenforceability.
If you wish to submit cases for unenforceability, then DPSP would still wish to complete a full financial review with you to ensure that this is service is the best solution for you and that you fully understand any potential risks involved. If this is the right solution for you, then we can look to process your claim via our professionlas. We are currently working with a number of legal professionals, some of which have been given funding to process your claims, therefore there would only be a fee payable upon successs of your claim. Please note our providers would see a successful claim being one of the following:
- The agreement is ruled "Unenforceable"
- The creditors have agreed a good settlement on the debt outstanding.
If you are interested in this service, please call 01543 462 357 for more information.
DPSP - 65 Heath Gap Road, Cannock, Staffs WS11 6DY. Tel: 01543 462 357 Fax: 0844 2250713 Text: 07540 685832 Web: www.dpsp.co.uk CLR PR Ltd – T/A Debt & Property Solutions Plus (DPSP). Consumer Credit Licence No: 620631. Data Protection Licence No: Z1426079. Debt & Property Solutions Plus Ltd (DPSP). Ministry of Justice Registration No: CRM21101. Data Protection Licence No: Z2430403
