Dec
01
Written by Andrew | Filed under In the News | No Comments
MBNA capitulates just hours before the trial begins!
Two clients, two credit cards with balances totalling £17,256 and one claims management company determined to champion for the consumer.
Credit Issues had brought legal proceedings against major credit card lender MBNA for what they believed to be significant failings in their obligations under the Consumer Credit Act. However just hours before the trial was due to commence at the Manchester Mercantile Court Credit Issues’ nominated solicitors for the case, BPS, were contacted by a representative from MBNA asking what it would take for these cases to ‘go away’.
The answer was simple, ‘what is right for the client’ and in this instance that resulted in a full write off of the outstanding balances, a total of £17,256.
Credit Issues are at the leading edge of the claims management industry with what is believed to be the most advanced legal argument of any CMC. Legal Services Director, Lee Lipson, comments ‘Today’s result is a signification move towards forcing lenders to accept responsibility for what we believe to be serious failings. In this instance it was clear that the lender, MBNA, had failed to comply with the regulations and has resulted in the clients having a substantial sum written off. We would have liked to have met them in court today however the right outcome for our clients has been achieved and we are celebrating.’
Nov
16
Written by Andrew | Filed under In the News | No Comments
What an incredible day it has been in the PPI department. Last week we emailed regarding the success that is being seen in the Payment Protection Department, and today’s results further strengthen that.
Today we have successfully reclaimed no less than £25,811.61 for 19 of our clients - a truly staggering result.
If you have a personal loan or credit card you may also have a valid claim - use our ‘Do I Qualify’ enquiry form today.
Oct
22
Written by Andrew | Filed under In the News | No Comments
Many clients are unaware that an insurance policy, known as Payment Protection Insurance (PPI), may have been automatically added to their personal loan agreement. The policy, which in the event of accident, sickness or unemployment, should pay the monthly loan repayment, may be next to useless. Generally a detailed fact find should have been completed to ascertain the client’s needs and wants before this type of insurance is sold, if this did not occur your policy could potentially be worthless.
Loan companies can earn thousands from the sale of these policies and often provides a more lucrative source of income than the loan itself. However, you may be unaware that you even have this insurance as it may have been automatically added to your loan repayments.
Credit Issues, along with their specialist PPI business partner, have today delivered news to 2 more of their clients that they will be receiving refunds totalling £5,823 due to this mis-selling of PPI on their loans.
Not only could Credit Issues seek to challenge the enforceability of your loan but we will seek to review any insurance sold to you with a view to obtaining a possible substantial refund.
For further details, and to find out if you have a claim, click on the ‘do I qualify’ button.
