What YOUR Lenders Don’t Want YOU to know…

April 20, 2010 - PRLog -- The lenders don’t want you to know this, they would rather it was kept secret…

Just last week the average APR on a UK credit was recorded at 18.9% which is causing much concern with UK watchdogs given the UK’s colossal debt crisis. British people are currently inundated with letters from a well-known airline with the CEO telling us he considers their latest credit card to be their best product yet... and the APR? Over 30%. Unlike other nations we do not have a regulator of credit cards which means lenders can still charge whatever they like, believe it or not.

FACT: The UK collective credit limit on credit cards is £158bn, which is an average credit card limit of £5,129 per person. The average interest rate on credit card lending is currently 18.13%, which is 17.63% above base rate (0.5%). There were 146.3m debit and credit or charge cards in circulation in the UK at the end of 2008 according to APACS.

So, here’s the secret to play the banks at their own game...

If you use credit cards then you have debts. That’s a fact. If you use credit cards and only pay the minimum balance then you could be looking at that debt for life. Yes, you could be paying it off for the next 25 years or more if you have a debt of £5000 - £5000 on an APR of 18.9% means you will be paying it off for a minimum of 333.3 months if you only pay the minimum balance.

So, what is the solution to reduce your unsecured debt to zero besides robbing a bank (which as my dear Grandmother once told me can only successfully done by those who run them and, yes, she would be turning in her grave now)?

FACT: Legal debt removal is the solution created by British law. The Government introduced the Consumer Credit Act 1974 in to Law, to provide people with specific Consumer rights and to protect them from Lenders. The Consumer Credit Act sets down very strict guidelines for the exact content and format all Credit Card, Loan and other Financial Agreements that all Lenders must use.

The Consumer Credit Act 1974 states that if a Lender provides Credit using a written Agreement that does not fully comply with certain parts of the Consumer Credit Act, it becomes "Unenforceable." The result of this is that borrowers do not legally have to repay their outstanding balances and may be entitled to a refund of previous interest payments.

The lenders have regularly changed the format of the Credit Agreements they use and have failed to adhere to the requirements of the Consumer Credit Act 1974 because of this our debt purchasing specialists believe that these agreements are all potentially unenforceable.  They are in fact so confident of this fact that they are willing to take on clients’ liabilities in return for a one off fee.  


But if it’s that easy why don’t you just do it yourself? Well you could and in fact the Citizens Advice Bureau offers you comprehensive templates to help you challenge the lenders yourself. But there is potentially a problem with this in that a lender can recognise their templates a mile off and will therefore be happy to take YOU to court. Why? Well, do you know the 7 points of law from which to draw in court with a prosecuting barrister? No. I didn’t think so nor will they which is why they will take YOU to court and win.

We offer you the opportunity to become debt free by selling your outstanding liabilities.
Of course there is a fee for this service which is fully refundable should the purchase of your debt be declined for any reason.  The sales process takes approximately 28 days.  On completion all rights benefits and liabilities pass to the purchaser and the client is debt free the purchaser is then liable for the debt and takes care of everything else for you so you do not have to pay or worry.

For further information visit our web site: www.capitalsanctuaries.co.uk
Contact: info@capitalsanctuaries.co.uk
Tel.  0845 4095160

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Remove your unsecured liabilities by selling your 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.