How else Can We Help You?
We offer a range of services to individuals with consumer justice issues:
All OUR SERVICES ARE NO WIN – NO FEE
MIS-SOLD LOAN INSURANCE?
Have you ever borrowed money in the form of credit cards, a loan or a mortgage? If so, you may have been sold Payment Protection Insurance and you could be owed thousands of pounds in compensation.
Payment Protection Insurance, also known as PPI or loan insurance makes the sellers about £5 billion each year but the financial watchdog has said that over 40% of it is mis-sold. Payment Protection Insurance is insurance that will pay out a sum of money to help you continue paying your monthly payments on credit cards, store cards, catalogue payments, mortgages and your car loan if you are unable to work.
To find out whether you have been sold or mis-sold this insurance look at everywhere you have borrowed money in the last 6 years, including finance agreements, your credit cards, store cards, personal loans and most importantly your mortgage. If you are unsure, phone the company that lent you the money and they will tell you. These 3-4 phone calls are certainly worth the effort.
TO FIND OUT MORE CLICK HERE
Payment Protection Insurance was recently described as “the biggest scandal in financial services after pensions and endowments”. The scandal is that it has been sold to many people without their knowledge and often when the company selling it knew that the consumer would never be able to use it but sold it to them anyway.
If this product was not clearly explained to you by the sales person and they did not ask you specific questions then you could be owed thousands. The average claim we are acting on is more than £3000!
RECLAIM CREDIT CARD/STORE CARD FEES
This is similar to unfair bank charges only on your credit card(s). You will have been charged / penalised each time you exceeded your limit or paid late etc. The credit card companies make about £300 million each year from unfair charges and the Financial Services Authority has already ruled that these charges are unfair and anything over £12 is reclaimable by you.
TO FIND OUT MORE CLICK HERE
All you need to do it look at your statements or let us do it for you. If you don’t have your statements we can send off for them (all part of our service!).
DO YOU STRUGGLE WITH DEBT?
If you struggle with debt you are not alone and for every financial problem there is a real financial solution that does not involve bankruptcy, debt collectors, and people knocking on your door.
A few shocking facts:
1. Average household debt in the UK is £8,841 (excluding mortgages) and £55,567 including mortgages.
2. Average owed by every UK adult is £28,600 (including mortgages). This grew by £220 last month.
3. Average interest paid by each household on their total debt is approximately £3,660 each year (this equates to 9% of take home pay.
If you have unsecured debts of more than £3000 (on credit cards, loans etc) then we can help you. Our advisors are expertly trained to talk you through various options such as getting an IVA (individual voluntary arrangement) where up to 75% of your debts can be written off in exchange for regular payments you can afford.
TO FIND OUT MORE CLICK HERE
Alternatively you might qualify for a debt management plan which also results in a large chunk of your debt being written off to help you repay what you owe. Our advisors would like to talk to you to see if they can help at no cost to you and no obligation.
ENDOWMENT COMPLAINT
Did you know that more than 10 million endowment policies were sold as a means of paying off a mortgage? The Financial Services Authority said that about 700,000 people had still done nothing about their endowment shortfall.
If the risks associated with your endowment mortgage were not fully explained to you then you probably have a claim. But hurry, there are strict deadlines for making such claims.
TO FIND OUT MORE CLICK HERE
RECLAIM UNFAIR BANK CHARGES?
When you exceed your overdraft limit or a cheque bounces you are technically in breach of contract because you signed the conditions saying that you would stay within the authorised limit. However, the legal remedy is for the bank to only claim whatever actual losses it has suffered due to your actions. This is enshrined in cases as old as Robinson v Harman [1848] 1 Exch 850
For example, the bank might be able to argue that you should pay additional interest on the additional borrowing or even a very small sum for the cost of the automated letter and stamp. It is commonly thought that these costs are a maximum of £2.50 and the banks are reluctant to prove otherwise.
This means that the charges of £20, £30 or £40 are penalties or fines (not losses) and are unfair terms and not lawful due to the provisions of the Unfair Contract Terms Act 1977.
Didn’t I sign the terms and conditions with the bank saying they can charge me?
Yes, you probably did, but fortunately it is trial by judge not trial by bank. If the charges are penalties and not direct losses then the Court would probably find that they are unfair contract terms, which the Judge would simply disallow.
Didn't the banks win some recent cases?
Whilst the banks love to publicize those decisions they have been openly criticised for misleading their customers. Those decisions are not binding on any other Court and were based on technicalities. This is why the banks still want to keep the cases out of court.
Good news - the law is on your side. Bad news, the banks are unlikely to simply pay back billions of pounds without being forced to.
We are specialists in these types of claims and know exactly how to win your case and want to help you.
To apply online please click HERE