Debt Purchase Is The New Way To Rid Yourself Of Unsecured Debts. Is It Right For You?

April 20, 2010 - PRLog -- We enable our clients to free themselves from their unsecured liabilities by selling their debts. Debts are purchased directly from consumers and companies. For a single payment all rights, benefits and liabilities associated with the debt are transferred to the purchaser.  In excess of £20 million of debt has been purchased using this method in the last 12 months.

•   Proven Legal Method
•   If a lender can sell a debt so can the borrower
•   Under Contract Law if you own it you can sell it

The process is quick and easy and can free you from your debt in 28 days.

What Debts Qualify?
Unsecured Credit Agreements issued before Jan 2008, Unsecured Personal Loans, Overdrafts, Credit Cards, Catalogue debt.

How does it work?
Debts are purchased under Contract Law.  The client is paid £1 for their debt (good consideration under English Law).  No lawyers, no court rulings, no delays, no uncertainty.  When a debt is sold / purchased the liability transfers to the purchaser.  The original borrower is no longer liable for that debt and makes no further payments.

What happens to my credit score?
When a debt is purchased the lenders and the credit reference agencies are informed.  At this point the lender, legally, should no longer contact the seller and the Credit Reference Agencies should remove the data corresponding to the purchased debt from the credit file.  

*debts may only be removed from the credit file with the lenders consent

What does it cost?
Transparent fee structure.  £450 administration fee plus 10% balance transfer fee.
e.g. Selling £10k of debt incurs charges of £1,450.

For personal debts the administration fee is reduced to £350 for all subsequent debts sold.
      
Business Owners – if your business is struggling as a result of having to meet debt repayments, then we can help. Personal and Director’s Guarantees cancelled as part of the process.  

•   Cancelling your contract sets you free.
•   The sale process can be done in approximately 28 days.
•   All rights, benefits and liabilities are transferred to the purchaser. This includes data protection rights.
•   Stop making payments on receipt of confirmation of sale and assignment.

Call us in confidence to find out if your debts qualify 0845 6150
Email:  info@capitalsanctuaries.co.uk

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About Capital Sanctuaries: We enable our clients to free themselves from their unsecured liabilities by selling their debts. Debts are purchased directly from consumers and companies. For a single payment all rights, benefits and liabilities associated with the debt are transferred to the purchaser. In excess of £20 million of debt has been purchased using this method in the last 12 months.

The process is quick and easy and can free you from your debt in 28 days.

What Debts Qualify?
Unsecured Credit Agreements issued before Jan 2008, Unsecured Personal Loans, Overdrafts, Credit Cards, Catalogue debt.

How does it work?
Debts are purchased under Contract Law. The client is paid £1 for their debt (good consideration under English Law). No lawyers, no court rulings, no delays, no uncertainty. When a debt is sold / purchased the liability transfers to the purchaser. The original borrower is no longer liable for that debt and makes no further payments.