How to be Debt Free in 6 Easy Steps!

A debt free is life not unattainable. It may seem an impossible and frightening task but it is possible. It requires patience and discipline determination and time. Given below is a run down of 6 steps that will help you in the journey towards a life that is free of financial stress.

Step 1 – Admit that you are facing problems in
managing your finances.The first step towards debt
free life is to come to terms with the fact that your
debts have become unmanageable. Leaving bills unpaid
and ignoring the problem does nothing to wipe off your
existing debts. It only makes the situation worse.
However the fact that you’re reading this article means
you have accepted that you are in debt and you are ready
to take the next step.

Step 2 – Take an honest look at your present financial
situation. Make a list of your debts. Next to the listed
debts include the name of the creditor,the total amount
you owe, the rate of interest you are being charged and
the monthly payment you make towards this debt, if any.
It will not only give you a clear picture of your
financial standing but will also help you in choosing
an appropriate debt solution.

Step 3 – Prioritize!
Decide which bills to pay first and which ones can wait.
Concentrate on paying off the debts that have a higher
interest rate. You will save more money in the long run
by ridding yourself of these expensive loans first while
keeping up the required repayments on the others.When
making the repayment remember to pay a little more than
the minimum as minimum debt repayments only covers the
added interest. It makes no impact on the capital amount.

Step 4 – Create a realistic monthly budget for your
outgoings. List all the essential expenses and
non essential expenditures.
The non essential expenditures can be completely
cut or lowered substantially until you become
debt-free. Evaluate your monthly balance by
subtracting monthly expenses from your monthly income.
This will tell you how much money you have at the
end of the month so that you can start paying off
your debts. Do not forget to keep some money aside
for unexpected expenses. As your debt goes down,
you will see a fall in your interest charges.

Step 5 – Refuse to take on any kind of new debt.
As you already in are in debt, adding
on a new debt will increase your debt and
will hinder your progress towards being debt free.
You must decide once and for all that you will
not add any new debt and stick to it!

Step 6 – If you are not able to manage your debts on
your own then you can opt for professional credit
counseling. You will be guided by financial experts
who will help you in taking a step nearer to a
debt free life. There are options you can take such
as taking out and IVA or even opting for Bancrupcy.
Recently there are companies who offer to write off
your credit cards legally.

It is possible to take a different route to having your cards written off if you took out your credit finance agreement after April 2007.

Eliminate your Debts by This Method.

In fact it is possible to take this route for ALL credit finance agreements. You will have to do the work yourself and it will cost you a one off fee of around £650 to receive all the information and template letters you need. It will mean a lot of letter writing, time and energy. But it is possible and I am doing it with one of my cards and a loan. I will keep the site updated with the process and results. It is called ‘Debt Elimination’ and here is a brief explanation of how it works.

How to eliminate debt and create wealth in the shortest possible time.

The company does not give legal advice however they supply the knowledge, philosophies and template letters necessary to cancel out your credit card balances on all major credit cards.

What credit card holders don’t realize is that when banks approve your credit card and establish your credit card limit, they use your name and your signature on the application to create the money to fund the card. This is in essence your OWN MONEY. How does it feel to realize that you have been paying the banks outrageous interest rates for all these years on your OWN MONEY? What a deal for the banks!! Having you pay back your own money plus interest on it. At no time do the banks lend you any of their own money, or of other depositor’s money (Not One Single Penny)

Legally Eliminate Credit Card Debt or Personal Loans

Your unsecured credit card debt is legally terminated based strictly on existing laws, policies and procedures that banks and other financial institutions are required to follow. A cursory examination of these laws reveals that modern lenders breach their contract with every single customer. Banks, credit card companies and other financial institutions advertise that they are in the business of lending money, but this is false. The Banks own accounting ledger shows that the exact opposite occurs. Once a customer challenges a lender and requires that the lender produce its accounting books and forces it to explain exactly whose asset was used to fund the loan or credit line, the original contract/agreement is rendered null and void because the lender did not fulfill part of the agreement, i.e. it failed to loan money that belonged to the bank/credit card Company.

What is really going on?

Example 1:

For sake of illustration please follow along with this example:

Part of any bank checking-account agreement is that a customer’s deposit must be credited to the customer’s account. When a customer makes a deposit of £100 the bank accepts the deposit and credits his/her account for £100. The bank’s accounting record now shows that the bank has a liability on its books for £100, because of the £100 asset deposited by the customer (a bank liability is a “”bank IOU”" for the customer). Per the customer’s agreement with the bank, the customer can withdraw the £100 at any time and the bank is legally liable for returning the deposit when demanded.

Is the bank legally obligated for returning a customer’s deposit? Is the bank in breach of the checking account agreement if it does not return the deposit? The answer to both of those questions is “”Yes.”" The banking business would be the best kind of business imaginable if banks were not obligated to return people’s deposits-but as incredible as it may seem that is exactly the way banks and credit card companies do business when they extend credit and loan money to customers!

In other words, your signed credit card or loan application (promissory note backed by your future labour) is converted into a “”cash”" asset by the bank. In fact, the bank stamps the back of the credit card agreement/loan application (promissory note) just as it would any other deposit, and then deposits it into a “”transaction account”" (a special account no different than a checking account that is opened under your name, but without your knowledge or consent). The bank then returns the cash to you (your “”loan”"), but also wants you to pay back this “”loan”" (of your own deposit) as if the bank had loaned you its own money. For these reasons, the bank does not fulfill its part of the loan agreement, thus nullifying the contract between the two of you and releasing you from any “”repayment”" obligation.

Despite what you may have been taught, this is the way the banks do business and this is what has happened in every single bank “”loan”" transaction you have ever been involved in. Bankers pray that no one will find out about the scam and ask for return of his/her original deposit, i.e. the signed promise to pay (asset) and expose the banking system for the confidence game that it is.

Example 2:

Here is a simpler, if idiotic, explanation of the above example:

John agrees to loan you £100 of his own money at 5% interest, but also requires that you put up a £100 cash deposit as collateral for the loan. Let us say that this was an acceptable loan arrangement for you and you entered the loan transaction, taking a £100 note from your pocket and giving it to John as collateral, and John then handing it right back to you and calling it the “”loan”". Let us also say that you paid back the £100 plus £5 in interest as agreed, but that John failed to return the £100 cash deposit that you had put up for the loan.

John would be in breach of this loan agreement for two reasons: 1) He did not loan his own money, and 2) He did not return your deposit. Both are grounds for nullification of the original loan agreement and all such “”loans”" from banks, credit card companies, and other types of “”lending”" institutions are not different from the example.

Modern “”lenders”" accept your signed promise to pay as “”cash”" and deposit the signed promise to pay in an account in your name without your knowledge and use your deposit as the source of all the money you receive in the so-called “”loan,”" but never tell you about it and never return your original deposit. This is the way the banking system has operated since 1913.

If you fit in any of the following categories the program is designed for you:

* You cannot afford paying your credit card bills.

* You have no incentive for paying your credit card bills.

* You can tolerate negative entries on your credit report for as much as a year.

* You would like another chance, but do not like the idea of filing for bankruptcy just because of credit card debt.

We do not recommend people attempt termination of credit card debt without competent assistance. Banks and credit card companies have very clever officers and lawyers and can instantly recognize when you do not fully understand what you are doing. In such case you can be easily defeated. However, we can assure you that we offer the finest quality assistance available.

The process is much easier and faster than other programs, and before you know it you will be out of debt and back on your feet with a clear clean credit report.The program enables each individual to finally take control of their financial life and stop drowning in credit card debt without the need for bankruptcy.

Have You Heard About Debt Elimination?

It is possible to take a different route to having your cards written off if you took out your credit finance agreement after April 2007. This is called Debt Elimination and it is a DIY solution.

In fact it is possible to take this route for ALL credit finance agreements. You will have to do the work yourself and it will cost you a one off fee of around £650 to receive all the information and template letters you need. It will mean a lot of letter writing, time and energy. But it is possible and I am doing it with one of my cards and a loan. I will keep the site updated with the process and results. It is called ‘Debt Elimination’ and here is a brief explanation of how it works.

How to eliminate debt and create wealth in the shortest possible time.

The company does not give legal advice however they supply the knowledge, philosophies and template letters necessary to cancel out your credit card balances on all major credit cards.

What credit card holders don’t realize is that when banks approve your credit card and establish your credit card limit, they use your name and your signature on the application to create the money to fund the card. This is in essence your OWN MONEY. How does it feel to realize that you have been paying the banks outrageous interest rates for all these years on your OWN MONEY? What a deal for the banks!! Having you pay back your own money plus interest on it. At no time do the banks lend you any of their own money, or of other depositor’s money (Not One Single Penny)

Your unsecured credit card debt is legally terminated based strictly on existing laws, policies and procedures that banks and other financial institutions are required to follow. A cursory examination of these laws reveals that modern lenders breach their contract with every single customer. Banks, credit card companies and other financial institutions advertise that they are in the business of lending money, but this is false. The Banks own accounting ledger shows that the exact opposite occurs. Once a customer challenges a lender and requires that the lender produce its accounting books and forces it to explain exactly whose asset was used to fund the loan or credit line, the original contract/agreement is rendered null and void because the lender did not fulfill part of the agreement, i.e. it failed to loan money that belonged to the bank/credit card Company.

Example 1:

For sake of illustration please follow along with this example:

Part of any bank checking-account agreement is that a customer’s deposit must be credited to the customer’s account. When a customer makes a deposit of £100 the bank accepts the deposit and credits his/her account for £100. The bank’s accounting record now shows that the bank has a liability on its books for £100, because of the £100 asset deposited by the customer (a bank liability is a “bank IOU” for the customer). Per the customer’s agreement with the bank, the customer can withdraw the £100 at any time and the bank is legally liable for returning the deposit when demanded.

Is the bank legally obligated for returning a customer’s deposit? Is the bank in breach of the checking account agreement if it does not return the deposit? The answer to both of those questions is “Yes.” The banking business would be the best kind of business imaginable if banks were not obligated to return people’s deposits-but as incredible as it may seem that is exactly the way banks and credit card companies do business when they extend credit and loan money to customers!

In other words, your signed credit card or loan application (promissory note backed by your future labour) is converted into a “cash” asset by the bank. In fact, the bank stamps the back of the credit card agreement/loan application (promissory note) just as it would any other deposit, and then deposits it into a “transaction account” (a special account no different than a checking account that is opened under your name, but without your knowledge or consent). The bank then returns the cash to you (your “loan”), but also wants you to pay back this “loan” (of your own deposit) as if the bank had loaned you its own money. For these reasons, the bank does not fulfill its part of the loan agreement, thus nullifying the contract between the two of you and releasing you from any “repayment” obligation.

Despite what you may have been taught, this is the way the banks do business and this is what has happened in every single bank “loan” transaction you have ever been involved in. Bankers pray that no one will find out about the scam and ask for return of his/her original deposit, i.e. the signed promise to pay (asset) and expose the banking system for the confidence game that it is.

Example 2:

Here is a simpler, if idiotic, explanation of the above example:

John agrees to loan you £100 of his own money at 5% interest, but also requires that you put up a £100 cash deposit as collateral for the loan. Let us say that this was an acceptable loan arrangement for you and you entered the loan transaction, taking a £100 note from your pocket and giving it to John as collateral, and John then handing it right back to you and calling it the “loan”. Let us also say that you paid back the £100 plus £5 in interest as agreed, but that John failed to return the £100 cash deposit that you had put up for the loan.

John would be in breach of this loan agreement for two reasons: 1) He did not loan his own money, and 2) He did not return your deposit. Both are grounds for nullification of the original loan agreement and all such “loans” from banks, credit card companies, and other types of “lending” institutions are not different from the example.

Modern “lenders” accept your signed promise to pay as “cash” and deposit the signed promise to pay in an account in your name without your knowledge and use your deposit as the source of all the money you receive in the so-called “loan,” but never tell you about it and never return your original deposit. This is the way the banking system has operated since 1913.

If you fit in any of the following categories the program is designed for you:

* You cannot afford paying your credit card bills.

* You have no incentive for paying your credit card bills.

* You can tolerate negative entries on your credit report for as much as a year.

* You would like another chance, but do not like the idea of filing for bankruptcy just because of credit card debt.

We do not recommend people attempt termination of credit card debt without competent assistance. Banks and credit card companies have very clever officers and lawyers and can instantly recognize when you do not fully understand what you are doing. In such case you can be easily defeated. However, we can assure you that we offer the finest quality assistance available.

The process is much easier and faster than other programs, and before you know it you will be out of debt and back on your feet with a clear clean credit report. The program enables each individual to finally take control of their financial life and stop drowning in credit card debt without the need for bankruptcy.

The emotional and psychological effects of being in debt.

The economy is struggling to keep its head above water and everyone is feeling the effects. With very few options left, more and more people are turning to their credit cards to help keep them afloat in these troubling times. The problem with that is that eventually the personal debt piles up and, like weights tied to your ankles, slowly starts to pull you under.

But the damaging effects of being in debt go far beyond the material and digs deep into the emotional and psychological health of human beings. Studies have shown that being in debt does indeed take its toll on the emotional and psychological aspects of our lives. First, there is the very basic element of fear: the fear of losing one’s source of income and job, the fear of losing property such as one’s home or car, and the fear of one day being left with less than nothing and owing more than one can ever repay financially.

Areas around the world, especially in the UK, are feeling this fear more often every day. With the cost of living continually rising, it’s not difficult to understand how these fears come about. But that fear takes it toll on people in so many ways. You may start to have difficulty sleeping or maintaining any kind of focus. Stress becomes an everyday occurrence that gets harder and harder to deal with.

Many people are at risk of falling into a state of depression when they end up losing their jobs and simply cannot afford anything at all. This only multiplies the feelings of anxiety and depression to the point that serious medical help is needed. And it’s not just one person in the family who feels these pains. Every member is equally affected in some way.

Emotions such as anger and frustration take over and divide families that had once been much closer and happier. Feelings of hurt and resentment turn many people inward and, thus, they withdraw from their loved ones. This is becoming more common in places like the U.S.A, the UK and throughout Europe where economic debt has now seeped into the personal lives of their citizens and is causing a deep wound in the emotional and psychological lives of a large amount of the population.

The mental health concern is a serious one and needs to be addressed immediately. One way to prevent these ill effects is to address your economic situation regularly and reasonably. If you find any indication that there is the slightest build up of debt, with credit cards or otherwise, an immediate response is needed. Maybe your spending habits need to be cut, or it might be that you’ll have to make a tough choice of sacrificing property or materials that you enjoy but may not need. But believe it. Your emotional and psychological health is far more valuable and necessary than a burden that will weigh you down and ultimately cause more damage than it is worth.

If you have credit agreements taken out before April 2007 there is a new unenforceable credit agreement claim which is becoming more and more known about here in the UK.

It is possible to have your credit finance agreements –agreements such as credit cards, store cards, secured and unsecured loans, car finance agreements, and those with payment protection insurance ( PPI) ‘audited’. They may not comply with the terms of the 1974 Consumer Credit Act and if they do not they are unenforceable credit agreements. This means you can claim to have them written off. That is the balance completely cleared.

What cause us to get into Debt? The Possible Solutions?

The British people’s personal debt exceeds 1.1 trillion pounds. They have surpassed the United States in personal debt. Mortgage payments are the cause for 82% of this debt. The uncontrolled house price inflation is the main cause for this. Next an unusually high tax rate and over the top University fees are the main culprits. Some other sources of debt could be divorce, medical expenses, not planning well enough or being put on the dole from your job. One good thing to help the British people is new consumer protection laws capping credit card fees at twelve pounds down from thirty-eight pounds.

A solution for the Scottish people is what is known as a Scottish Trust Deed. This is an alternative to filing for bankruptcy. This is an agreement between you and your creditors for three years. At the end of the time period any remaining balance is written off. This trust deed is legally binding on all of your creditors. The terms of the deed are tailored to fit your situation. Another solution for the removal of debt is to consult a debt management agency. There are many offices out there who can give advice tailored for your situation. They can be found online or locally.

One solution they can give the British people is like the Scottish Deed. It is called an Individual Voluntary Arrangement. This is a formal agreement between you and your creditors for over sixty months. In that time, you pay them what you can afford. After that period is over, the remaining debt is written off. These arrangements can help reduce your debt by seventy percent. Creditors cannot call you once this arrangement has been put in place.

Another solution they can offer is Debt Management. This is like consolidation in the United States. This involves making one payment to the agency and they take care of the bills. In some cases, you can also freeze interest rates. You will not have any more contact with the creditors as the agency will do that for you.

The last solution they can offer you is a loan or to remortgage your home. The last resort to debt elimination is filing for bankruptcy. There are two types: voluntary and involuntary. You go to court yourself to file and the district judge decides whether to grant it or not. It costs four hundred and eighty five pounds to do this. The fee may be waived if you are poor or unemployed. Involuntary is when a creditor petitions the court for your bankruptcy if you owe more than seven hundred and fifty pounds. The advantages are: you are protected from creditors, your stress levels go down; after a year, the debt left over is written off and you’ll be able to make a fresh start. The disadvantages are: your assets will be sold to pay the debts. This can include your home.

The bankruptcy is put in the local paper for everyone to see. This will affect your credit rating for six years and it will prevent you from working in certain areas of employment. The best advice any debt manager will give you is try to keep your debt at or below twenty percent of your income level.

There is another solution.

If you have credit agreements taken out before April 2007 there is a new unenforceable credit agreement claim which is becoming more and more known about here in the UK. It is possible to have your credit finance agreements –agreements such as credit cards, store cards, secured and unsecured loans, car finance agreements, and those with payment protection insurance ( PPI) ‘audited’. They may not comply with the terms of the 1974 Consumer Credit Act and if they do not they are unenforceable credit agreements. This means you can claim to have them written off. That is the balance completely cleared. For NO FEES a solicitor with handle your claim. This is on a no-win-no-fee basis so it is risk free.

10 Ways to Get and Keep Debt Out of Your Life! What is the Eleventh way?

It’s common knowledge that economies all around the world are suffering. It’s no different in the UK and it’s time to turn things around before they get out of hand. People as individuals may not be able to turn the economy around in a day or change the way the global finances are dealt with but it is well within one’s reach to look at home first and find a solution to your own personal financial situation. And that starts with tackling personal debt. Here are eleven tips on how to get your personal debt under control and conquer the beast that’s been attacking your pocket.

1. Pay off your highest interest debt first. If you have a car loan that has a higher total of money owed to it that your credit cards, throw more of your monthly income at that first. Chances are it is a multi-year loan with a higher interest rate than your credit cards. And if you can pay that off sooner than is scheduled by paying more money towards the principal, you have a good chance of saving a lot of money that would have otherwise gone to paying interest on that loan.
2. Keep your credit card debt at a consistent level. This will require you to use your credit card less than you may be accustomed to, but it is a sound way to handle not building up more debt while eliminating debt in another area of your finances.
3. Use cash instead of credit cards. Budget in a certain amount of cash to be spent per week, and try not take withdraw more cash than that per week. By breaking it down into a weekly budget and only allowing yourself a minimal amount, you’re more likely to stick to your cash budget and not overspend.
4. Cut back on the vices. Whether its cigarettes or coffee, cut down and see how much you’ll save.
5. Put aside your spare change. You’d be surprised at the end of the year at how much that spare change will add up to.
6. Eliminate some of the expenses you already have. It might be a luxury that you enjoy but if you can do without it that money can be reallocated towards something more beneficial.
7. Don’t buy something unless you need it. It’s amazing how much money we spend on frivolous materials that are either hardly used or that we don’t even use at all.
8. Watch your energy bills. Using less electricity and gas can add up to a large amount of money saved over the course of the year.
9. Set up a weekly budget, a monthly budget and an annual budget. Be certain to check it often and see if you are staying on course. This is a way to hold yourself accountable and is likely to help you stick to your financial plan.
10. Be smart, control your impulses and make wise financial choices. They will pay off.

That is ten but what about number eleven? Read on.

If you have credit agreements taken out before April 2007 there is a new unenforceable credit agreement claim which is becoming more and more known about here in the UK. It is possible to have your credit finance agreements –agreements such as credit cards, store cards, secured and unsecured loans, car finance agreements, and those with payment protection insurance ( PPI) ‘audited’. They may not comply with the terms of the 1974 Consumer Credit Act and if they do not they are unenforceable credit agreements. This means you can claim to have them written off. That is the balance completely cleared. For NO FEES a solicitor with handle your claim. This is on a no-win-no-fee basis so it is risk free.

Control Your Debt and Regain Control of Your Life!

If you’ve amassed a lot of debt, you’re probably feeling a little lost in the world right now. You may be wondering how and when your life started to spin out of control.

The fact is the loss of control you feel right now is a direct result of the accumulated debt and poor financial decision making you’ve been perpetuating by avoiding responsibility when it comes to your money. In order to regain a sense of balance and control of your life you need to take charge of your finances and debt right now. The first step in doing this is to set up a chart or graph that shows you directly where your money has been going. Get all of your bills, loans, credit card receipts together and add it all up and list exactly what you spend your money on and how much of it you spend towards those particular purchases.

Once you’ve done that you will have a picture of your spending habits right in front of you telling you what you might be doing wrong. From this chart or statistical graph, calculate how much money you could and should save by eliminating wasteful spending and spur of the moment purchases. Ask yourself ‘Did I really need to buy that?’ and that will tell you what to cut out of the budget you’re about to create. Creating that budget is the next step. Devote more money to high interest loans and credit card debts. Allocate more of your income to these bills and less of your money to needless and wasteful purchases. Give yourself a cash allowance for everyday needs and stick to it. And that cash allowance should be relatively low.

Next, see what material items you might be able to sell. Take that money and immediately put it towards paying off your debt. Try to “downgrade” the larger purchase items, such as your car, buy trading or selling it and getting a different vehicle that is far less expensive. Money saved is money earned. Finally, be patient. This is a process that isn’t going to solve your money problems in one night. It will take many months of disciplined spending and budgeting, along with wise financial decision making when it comes to your spending.

Give yourself monthly, semi-annual, and yearly targets or goals. Chart how well you are doing when it comes to achieving these goals. By holding yourself accountable, you’ll soon feel a lot better about yourself and your financial standing and that’s when you will start to take back control of your life! Owing money to someone leads to a feeling of helplessness. A person can easily feel powerless and extremely vulnerable when they know that someone is holding an IOU marker over their heads. Regain a sense of empowerment. Make it important to yourself to not owe anyone anything, or at least as little as possible.

If you want to be in control of yourself, take back control of your finances now! If you have credit agreements taken out before April 2007 there is a new unenforceable credit agreement claim which is becoming more and more known about here in the UK. It is possible to have your credit finance agreements –agreements such as credit cards, store cards, secured and unsecured loans, car finance agreements, and those with payment protection insurance ( PPI) ‘audited’. They may not comply with the terms of the 1974 Consumer Credit Act and if they do not they are unenforceable credit agreements. This means you can claim to have them written off. That is the balance completely cleared. For no fee a solicitor with handle your claim. This is on a no-win-no-fee basis so it is risk free.

The Debt Crisis and How We Got Here. How you can solve your personal debt crisis.

We are in a state of crisis when it comes to debt we’ve accumulated. Many people are asking the question ‘how did this all happen?’ While you might think the answer is complex and difficult to understand it’s really not. Almost like a maths formula, the debt crisis that we now face played itself out in the form of an equation in which the final answer added up to less than zero and tons of debt. Here’s how it works. World wide companies and large corporations sit atop the global financial pyramid.

As most of the global economy is run on a capitalist idea of financial gains and large profits, those companies want to show just how well they are doing and how much money they are making so that investors will put even more money into those companies. So, they have a huge incentive to show the highest margins of capital profit every few months.

Unfortunately, there’s only so much actual physical money that they can make. In order to increase profits beyond a realistic number, they begin to loan money out and start counting the money that is owed to them as money that they have already made. Then, when they go to large money lending banks that lend money to big businesses, they produce the balance sheet that says they have the money, so borrowing more and more is okay because they have money coming in to pay the bank back.

The banks know how much they can profit from the interest on those large corporate loans, so they willingly lend out the money. But who are the businesses and corporations relying on to owe them these incredible amounts of money? Answer: the bottom of the financial pyramid – the overwhelming majority of citizens, like you and me who borrow money that they cannot possibly afford to pay back. It used to be that if you couldn’t show how you would pay back a loan, there was no way you could get a credit card or bank to lend you the money.

That changed when lenders not only lowered standards and but knowingly loaned out money to people even they knew could never pay it back. But it looked good on paper and on the balance sheet to have so much money supposedly coming in. So they did it. Now many of those citizens who borrowed more money in a year than they earn in 10 years are left drowning in debt. Everybody at the bottom of the financial pyramid owed money to the part of the pyramid that was immediately above them. When bottom couldn’t support the top, the pyramid crumbled. The enormous amount of money that was lent out should not have been, and most of the money that was eagerly borrowed should not have been either. What is the solution for you?

If you have credit agreements taken out before April 2007 there is a new unenforceable credit agreement claim which is becoming more and more known about here in the UK. It is possible to have your credit finance agreements –agreements such as credit cards, store cards, secured and unsecured loans, car finance agreements, including those with payment protection insurance ( PPI) ‘audited’. They may not comply with the terms of the 1974 Consumer Credit Act and if they do not they are unenforceable credit agreements. This means you can claim to have them written off. That is the balance completely cleared. For NO FEES a solicitor with handle your claim. This is on a no-win-no-fee basis so it is risk free. Many people like me, have found this to be the perfect solution to there debt problems.

My Debt is out of control. What can I do?

Once debt is out of control it can take over your whole life and is very confusing as to how to take control of the situation. You must look at how you got into a situation like this, no matter how difficult it may be. The majority of people overspend by one-half of their take home pay. Of course some emergencies arise and that cannot be helped. Sitting down and adding up your necessities is the first step; then what is left over must be added into getting control of the debt. Buy food, clothes and household items when they are on sale and clip coupons. There are numerous ways to save on your grocery bill. The more money you save the more you can apply to your debts. Once this is applied to everyday living you will see that money can be saved and you will see that there is light at the end of the debt tunnel. First thing to try is lowering your interest rate with credit card companies. This can be obtained by merely calling the company and requesting a lower interest rate. Lowering the interest rate will lower the monthly payments.

The same things apply with a home loan or personal loans, call around and find out the cheapest rates then switch (if possible). As for credit cards some credit card companies will lower your interest rate to near to nothing for only several months and some companies will extend the amount of time. But keep in mind once you do these things you can no longer use that credit card. Companies do not want to lose the money and most will work with an individual but you will have to pick up the phone and call them. The majority of these companies are more than happy to work with an individual. The companies get their money and your credit is not destroyed.

Also, a flaw has been discovered in the Consumer Credit Act of 1974 and in some cases the entire amount of credit cards debt have been written. If you have taken out your credit card prior to April 2007 there is a strong possibility that the entire amount can be written off. This could be well worth it if you owe a large amount on credit cards or loans. One company that will help you to understand the financial claims management industry is www.creditcardswrittenoff.com They provide information and advice about the services offered from the many companies appearing weekly in this new claims industry.They are not all the same so it is best to take advice from people who have had first hand experience of making claims themselves.

Call 0845 475 5435 for a FREE audit with NO back end fees at all!

Clear Your Credit Card and Loan Debts- Legally!

Are you worried about being able to pay your monthly credit card, store card and loan bills? Losing sleep worrying about how you will ever be able to clear your credit card balances?

Imagine if you could clear your credit card debts. Imagine being debt free? Imagine never having to make another credit card or loan repayment? Well you don’t have to imaging any more! Financial help is now at hand in the form of a NEW financial claim which is set to sweep across the UK! You can legally clear your credit card and loan debt.

It is not a scam as some people may think. The banks have seen it coming for many years which is why some lenders have set aside a large amount of funds to pay for all of this. Don’t worry about the banks though. As we have all seen in the media lately the banks are not short of funds. They can afford to pay their Directors well for the services they have provided. But they cannot it appears adhere to the law in the manner in which they draw up the finance agreements we sign. The law which was designed to protect us the consumer.

Did you know that many of finance agreements taken out before April 2007 are unenforceable! Its true. Most of them DO NOT comply with the terms and conditions of the 1974 Consumer Credit Act. And this makes them invalid and unenforceable and you can apply to the court to clear them. Now you can find out if your credit agreements are unenforceable by having them audited by a solicitor. If any breaches are found your solicitor will deal with your claim on a no win no fee basis and you will be able to clear your credit card and loan balances.

It is not debt management, IVA or Bankruptcy but a perfectly legal process whereby you are able to challenge the validity of the agreement you made with your lenders. It is a straightforward process carried out on a no win no fee basis. How is this possible you may be asking? There have been many successes to date. The most famous being that of Mr and Mrs Rankine who appeared on the BBC Panorama programme recently. Your solicitor asks your lender for a copy of your credit agreement. Then it is audited to see it complies with the 1974 Consumer Credit Act. If breaches are found your credit agreement may be unenforceable and you can apply to clear the balance. Your solicitor writes to your lender on your behalf saving you time and stress of having to do this yourself. The process takes about nine months to one year depending on how quickly your lenders reply to the requests for your account document made by your solicitor. There are thousands of people who are having problems with debt and a company who can help you to write off your debts is surely a great thing.

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