Get Out Of Debt – Your Get Out Of Jail Free Card

There is no doubt that the sheer amount of consumer debt is a problem in the UK ( – over £7,000 for each household in the UK excluding mortgage debt.)  Some entrepreneurs will even be using their credit card to start or support their business.  Others will have raised a personal loan to start their business.

So if you need to ‘get out of debt’ fast then please read on.

In my opinion, in the last 10 years, the banking system has been reckless by turning a blind eye to the mounting debt problems of their customers.  Insufficient care has been taken in advising customers about the liabilities that they are taking on.

The banks have no interest in helping you to get out of debt. They have managed their own risk by building an assumed default rate into their interest margin.

Whilst this is profitable for the banks, they do not consider the misery and worry of those customers that find themselves with debts which they simply cannot pay.  These are compounded by excessive bank charges being levied on defaulters.

In addition, many finance agreements have been saddled with expensive PPI (payment protection insurance) that simply isn’t warranted or justified.

Other debts have been incurred by people that are living close to the poverty line and have used credit as a convenient way to supplement their income.

This offers only a temporary relief as interest and charges serve merely to increase these peoples problems.  They are the vulnerable members of our society with little financial literacy and they incur the highest interest rates and charges – what sort of society allows that?

When I was in banking, I recall that I took over an accident recovery business from a fellow manager.  When I interviewed this customer for the first time, something did not add up.  His management accounts indicated that the business was losing money fast but he was somehow managing to keep the business afloat.

I noticed that there was a growing directors loan in the balance sheet and on further inquiry, although the customer did his best to avoid my questions, he eventually admitted that he had £65,000 of borrowing on credit cards, the servicing of which was fast compounding his financial problems.

Needless to say, I was horrified by this discovery because access to easy credit had enabled my customer to avoid the real issue.  That was; the urgent need to turnaround the fortunes of his business with my help and assistance.  Not only did it put him, his family and his employees at increased risk, but also all his suppliers who were giving him credit.

This is the real tragedy of easy credit – the fact that banks have placed their duty of fiduciary care towards their customers at nought in the pursuit of profit. They have impaired their reputation for integrity and trust beyond salvation by selling debt (which is a ‘toxic’ product when used indiscriminately by those unpracticed in its use.  By this I mean toxic to your fnancial health.)

Personally, I fear debt because by entering into debt you have effectively mortgaged your future in order to have more today.  I’ve seen at first hand the misery and worry that debt can cause and I do not use it unless I can get a return  that is higher than the amount of interest charged.

I am financially educated and their is no doubt in my mind that the banks have taken advantage of those in our society who are financially illiterate.

That’s a growing problem for our country.

In just the same way, our government has recklessly been spending and wasting tax-payers money on a whole host of bankrupt and useless policies.  The irony is that those taxes have been levied on the profits earned from products and services bought by inflating the consumer debt bubble – a bubble that has now burst.

The government failed to regulate the banks and limit the amount of leverage in the banks balance sheets.  The government, and Gordon Brown in particular, has failed to guide us through our hour of need – indeed they seem to want the consumer to shoulder higher debts to save their worthless political necks!

Next year we will start to see the impact in the public sector as spending is cut-back to more realistic levels.  At the same time bad debts, bankruptcies and repossessions are set to soar.  For these reasons, what you are about to read may offer you or your friends, family or colleagues some hope of salvation.

Your Hope Of  Salvation…

I really hope this will benefit someone you know, if not you.

If you have a personal credit card or loan over £2,000 taken before April 2007, then there is a good chance that you can get your debts totally written off.  It seems that many credit card and loan agreements have been ruled as legally unenforcable.

How could this be?

Well you can thank the Consumer Credit Act that was enacted in 1974.  To protect consumers, this laid down strict conditions for the providers of credit covering the processes and documentation that needs to be issued for each loan or credit card.  Many banks have failed to comply with these conditions.

I’m going to offer you the opportunity to check for FREE whether you (or anyone you know) have a loan(s) or credit card(s)  that is unenforcable by your bank.  The procedure is as follows:

1. First go to this web page and answer the questions in the 60 second test.
2. If you then think that you may have a claim, contact me through my ‘Contact‘ page. I will ask you to look out your credit card or loan agreement and send me a copy.  If you cannot locate these, do not worry, we can get a copy from your bank.
3. We then carry out a further initial check to see if you have a claim.  If you pass this stage, we will forward the agreement to a lawyer – at this stage you pay a very small fee to cover the processing costs.
4. If you get through this stage we have a very high success rate in getting the banks to write off your debt due to irregularities in the procedures or paperwork at the time they granted the loan or credit card.

Finally, if you have taken out payment protection insurance either pre-April 2007 or after, it’s also worth checking with me whether this has also been missold.  If it has, you will also be entitled to a full refund of the premium.

So contact me now for your ‘Get Out Of Jail Free Card’!

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