PPI Success at Credit Clear UK

Credit Clear UK has recently had some great success with Mis-Sold Payment Protection Insurance (Mis-sold PPI). One of our clients has recently received over £8000.00 in compensation following a claim submitted through our company. This is just one of his five claims for mis-sold PPI with us so more great results are expected. Another one of our clients has recently received over £10,000.00 in compensation following his mis-sold PPI claim.

PPI has been widely discredited by the Financial Services Authority and the Competition Commission. Following a report by the Competition Commission a victory was declared for consumers as PPI was banned from being sold alongside credit cards and personal loans. Banks are now trying to overturn this ban to protect their profits as in 2006 alone, lenders made profits of £1.4 billion selling loan cover on revenue of £5.5 billion! However, a large number of these should not have been sold.

Fast Track For Unfair Credit Agreements

Credit Clear UK have today welcomed news of an agreement, which will see certain cases involving unfair credit agreements being fast tracked through the court system. This comes in the wake of calls for test cases involving credit disputes to be put before High Court, which would potentially have led to lengthy delays in many cases. The proposals, from the Civil Judge for Cheshire could have led to some cases being put on hold but following a consultation with the Judge, financial institutions and claims management companies it was decided that putting cases on hold would not be in publics interest.

It was, however, decided that some cases involving unfair credit agreements would be fast tracked through the courts and decided by rapid trial.

Landmark Case Could See More Consumers Wipe Off Unfair Debt

A landmark case, involving a credit card and payment protection insurance could have massive ramifications for thousands of U.K consumers looking to write off unfair debts.

The recent case at South Shields Magistrates court saw Judge Jacqueline Smart rule in favour of Mrs Lynne Thorius, in a case against MBNA.

Unfair Credit Agreements could be brought before the High Court

Unfair credit agreement specialists Credit Clear UK have welcomed calls from a senior judge to have test cases involving credit heard by the Commercial Court in London.

The move comes in the wake of a landmark case at Chester County Court, in which Civil Judge Derek Halbert ruled that a consumer credit agreement brought before him was unenforceable.

Credit Clear UK Launch Recruitment Drive

Credit Clear UK are delighted to announce the launch of a nationwide recruitment drive in order to develop their network of Appointed Representatives. These introducers to the company will enable Credit Clear to help more people than ever to free themselves from the burden of unfair credit agreements. ...

Consumer Writes Off £36,000 of Unenforceable Debt – BBC News

A company says it can wipe out credit card debts, after it got the bank to write off over £35,000.

Many Credit Agreements Unenforceable – BBC News

A West Yorkshire firm has claimed that as many as 80% of credit card deals are flawed.

House of Lords Rules Credit Agreement is Unenforceable

A Consumer Credit Act 1974 ("CCA") agreement must state the amount of credit, the rate of interest, and the number, amount and frequency of repayments. If not, it is potentially unenforceable...

Solicitors confirm many Car Finance Agreements Flawed

Consumers could be saying ‘no’ to credit agreements thanks to a leading North West law firm. Stephensons Solicitors LLP has just successfully reached an out of court settlement for its client whose home was at risk, after a financing company which bought some of the debts of Yes Car Credit, took them to court to recover a car loan...