Credit Cards and Finance

Unenforceable loans and credit agreements/credit cards/secured and unsecured loans up to £25,000 under the consumer credit act 1974… This is a commonly asked question by millions of consumers since the recent changes to the Consumer Credit Act (6th April 2007). Due to the almost schoolboy errors that many banks and lending institutions have made with our loan and credit card agreements many consumers are getting interested in finding out whether they too can claim and have their loans and credit card balances legally wiped off without affecting their credit file.

If you are reading this article, you may be concerned about certain inaccuracies or problems that are listed on your credit report or maybe you have had some financial problems in the past that has led you to damaged credit. Maybe you would like to buy a house or a car and are worried that your credit might not be up to par with what is needed to get a great interest rate or maybe you have been the victim of identity theft and are trying to pick up the pieces.

If you are reading this article, you may be living with bad credit or other financial problems. Even if it has been years since you were in dire financial straits there is still the possibility of the mistakes that you made in the past haunting you today through your credit.

Credit repair can be a very time consuming and frustrating endeavor. Before you can even begin, you have to familiarize yourself with how the industry works, what rights you have by law, and what options are available to you. Once you have this knowledge base, then you have to map out a strategy to employ that will allow you to pay off your debt and improve your credit score.

Adverse credit cards are available for people who may not have access to the most competitive credit cards. This is usually because they have a bad credit rating, and are therefore considered by lenders to be in the ‘high risk’ category of borrowers.