How long does it take to get an unenforceable credit card written off?

Often the question is asked, "how long does it take?". The answer most often given is "How long is a piece of string!". Not a lot of help, I'm sure you'll agree. Unfortunately there really are no regulation time frames the lenders are forced to adhereto, some companies will say otherwise. These other companies would have been correct, but changes in the consumer credit act were made after the government bought into the UK banking system with the bailout. They removed some of the red tape witch make the whole process a little quicker.

If your entertaining the idea of taking on your lenders, you will probably say to yourself "where do I start, what do I do?". Valid question's and the information is available in the public domain and some people are naturally putting this information to use and standing their ground with their lenders. The problem we have experienced with private individuals representing themselves, is the banks assume your taking a "shot" at getting your credit card balance written off. Most people all send the same standard form letters they downloaded from some website and ultimately get fobbed off with excuses, lies, and even get bullied in to dropping their case.

If you have decided that you absolutely want to represent yourself with your credit card claims, the following information should serve as some useful information for your efforts.

Step You Should Take

Initial request to release agreement from lenders. 1 week

Credit agreements start to come back from lenders.

Please note: 40 days only commences once the lender considers it has all relevant information (including cleared payment of search fee). 40 days

Missing Information requested and returned. 1 month

Analysis of your credit card card agreements 2 weeks

After you have assessed your agreements and identified the unenforceable agreements, you can begin to draft your correspondence to the lender requesting the balance be "written off". 4 weeks

Progression of claim. This is where your real challenge begins, being ready to put up a fight with the lender whilst operating within the procedures set out in the Consumer Credit Act. Legal guidance should be followed for a fast and successful conclusion. 4 to 12 months

We at Status Remedy appreciate that anyone can represent themselves to seek to have their credit card agreements written off. We formed Status Remedy to bolster a simple concept "Predator Satiation". A simple philosophy that empowers individuals to stand up against the giant lenders and not be dismissed or ignored.

We are here to help individuals that may wish to have experts work on their behalf, perhaps you have been fobbed of by the banks and are not sure what to do next? Rest assured there is much that can be done, but careful guidance is needed. We follow a very similar process to the recommended steps I made in at the beginning of this article. We are able to complete the process a little faster, but with better results than most companies that offer a similar service and MUCH better results than individuals acting on their own behalves. To learn more and to speak with a Unenforceable Credit Agreement professional, you can call us free on 08000 787 572

About the Author

Status Remedy helps thousands of people each year with their credit debt problems. Visit our website unenforceable credit agreements or our blog http://blog.creditcardbusters.co.uk/