Help With Debt Uk Ltd

About Us

We are a total debt solutions business, helping people and businesses survive or move on from the credit crunch. We can advise on credit card write off and pre pack insolvency alikedebt management, IVA's and offer a bankruptcy help service. We can assist with the closure of insolvent companies and the prepackage phoenix of a new business

Did you know you could close your failed business and buy it back

Many people who run a business are frightened when it starts to fail, as they have no idea about their rigts and obligations. We have years of experience in guiding people through this minefield. Did you knwo for instance that it is possible if you have a genuinely sound business to close it formerly and yet by back the cofre of the business and carry on trading leaving the debt behind. No! Then read on... A pre-pack liquidation is a favoured way for a company that is in financial difficulties, to properly and correctly close the loss making entity, so as to protect the directors from accusations of wrongful trading, but to enable the business and the employees to be transferred to a debt free company.It is the view of government that it is better to preserve the business and let the legal entity fail, than let a potentially profitable business founder.We have the expertise to help you set up a new company and with the blessing of the proposed liquidator of the insolvent company, conduct a sale for value of the on-going trading element of the insolvent business to new co and then close the insolvent company at a creditors meeting.There has been comment recently that there are too many pre-packs happening now. However, with increasing failures of companies, this is to be expected. A lot of businesses that are experiencing financial difficulties, are on an underlying basis, sound trading companies. If you take away their debt, they will flourish and continue to employ staff and generate sales. It is vitally important in today's economic climate, to keep people with skills in employment, and to get companies trading with each other.We can help pre-pack such businesses so that they can continue to build on the wealth of the country.If you would like to pre-pack your insolvent company and re-trade in a debt free new co, please call us for an informal conversation, on how we can assist, and the likely timescales on 0116 217 1406

Write Off Your Credit Cards and Loans

Many people are now talikng about this new idea that you can write off your credit card and loan debt. It sounds too good to be true doesn't it? Actually it's not. It uses legialation going back to 1974 which was implemented to protect consumer rights. Following are some Frequently asked questions in relation to this topic. How does it work?The Consumer Credit Act of 1974 allows borrowers to challenge unfair credit agreements. Credit Agreements up to £25,000 and issued before 6th April 2007 must comply with the terms of the Act. Most UK banks and lenders have not followed their legal obligations under the Act over the years. This means that your credit agreements may be legally unenforceable. Recently, a high percentage of those agreements that have been challenged have been found to be unfair and unenforceable. The result is the debt can be written off as it cannot be collected. We have independent experts who review each case. We are supervised by a qualified insolvency solicitor with 17 years experience. We take details of your debts and our specialist legally qualified team challenge the agreements with the lenders. They obtain documentation on your behalf and then verify the legality of the contract. Our experts will then, via specific correspondence, prove that your agreement is not valid. As it is unenforceable, they will demand the card company to write off the debt. In any event you do not have to pay anything further as the agreement would be unenforceable. Our Debt Write Off Pack contains all the information and documents you need. You can request one from our web-site or by calling us on 0116217 1406. We can start your claim as soon as you return the required documentation and fee(s). Is it legal?Absolutely, 100% legitimate. If the banks and lenders do not follow the legislation, they are unable to enforce their agreements. We use the law to protect YOU, the consumer. The banks and lenders, however, don't want the general public to become aware that they may not have to repay their loans of credit cards.In what circumstances do these agreements not comply?Most lenders have not included all of the key points in their credit agreements. These are known as prescribed terms. In some cases, the lender may be unable to produce an original copy of the agreement. In each case the agreements will be unenforceable.How long will it take?This depends upon various parameters. First, your lender must produce a physical copy of your agreements within 42 days of our request. If they cannot do this, they are in default and your outstanding balance can be written off immediately. This could be a matter of weeks. Second, the response times from lenders to our requests for information and confirmation that the debt has been written off can vary. Typically 6-12 months should be allowed because the card companies are being very slow in providing the relevant documentation. Which type of debts can be written off?Provided they were issued before 6th April 2007, secured or unsecured loans including consolidation loans, credit cards and store cards and car loans/finance, up to £25,000.How much does it cost?£175 fee is payable for each agreement scrutinised by our legal team. The success fee for writing off your debt is 12% of the total. For credit cards this is payable in four instalments of 3% of the total, the equivalent of making four minimum payments on your card(s). The same applies for loans. The success fee covers all legal costs associated with your claim.Can I continue to use my credit cards?Up until you decide that you have a case for unenforceability you can use them. Should I continue to make payments to my credit cards/loans?Once your claim has been accepted and the account is in dispute, you can stop making payments. Many people do continue to make payments until the process has completed. What happens if my lenders contact me after I start a claim?Our experts will deal directly with your lenders. This should stop them contacting you to discuss the debt. If they do, you should not answer any questions or get into conversation but ask them to put any correspondence in writing. We might be able to use this to win your case.Are there any adverse repercussions?NO. It is highly likely that the lender(s) will close the credit card account, however, there are plenty more credit card companies available to you.Can I do this if I have a bad credit history?YES. Once we have helped you to clear your debts this will also help to clear your credit file as the debts will no longer exist.Will my credit rating be adversely affected?NO. Legally, once written off, the lender has to remove all trace of the account. Does it matter if I'm already in an IVA or Debt Management ? NO. This is a separate service and does not affect any other actions that you may have started. Can you also help if I have debt problems? YES. We can arrange for you to enter a debt management plan and challenge the cards and loans at the same time. Can I get a loan in the future? YES. Your credit rating will not be harmed in any way and so you can apply for credit. It is possible that the lender who wrote off your loan may not wish to lend to you.

Specialist Services

We offer a bankruptcy walk through service for those wanting to go bankrupt, but who find the whole process too upsetting or daunting. We are experts in finding our whether a credit card or loan can be written off because it fails to comply with the Consumer Cfredit Act 1974. We are ideally qualified to advise your company on how it may restructure itself in an insolvency scenario.

Trade Bodies / Associations

We are regulated by the Ministry of Justice and oufr authorisation number is CRM 18015. We work in conjunction with Insolvency Practitioners who are regulated by various professional bodies

Opening Times

Mon 08:00-17:00, Tue 08:00-18:00, Wed 08:00-17:00, Thr 08:00-17:00, Fri 08:00-17:00

Trading Since

2008

Payment methods accepted

• Cash
• Cheque
• Bank Transfer

Other Services

• Customer Service / Helpline
• Money Back Guarantee
• Late Opening
• Standing Order

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