Crouchie's Lawyer

My appologies, I did not search the other forums. Im like a child with aggrophobia (sp?) now, I dont leave TMS

I always liked the term 'window lickers'

Has someone posted it then? I have looked through the htread titles but couldnt see anything referenced to it in TMS?

Quite surprised no one has posted this yet... Taken from todays BBC gossip column near the bottom http://news.bbc.co.uk/sport1/hi/football/gossip_and_transfers/7542274.stm Liverpool fans have been voted the most attractive in football with Portsmouth's blue army taking the dubious honour of worst looking. (The Mirror) Ugly skate fruckers

Furthermore, a point I would be interested to know if it does work would be in light of credit cards which were taken out before April 2007 and fall into the incorrect agreement. If I were to go out and spunk the cards to the limit now, would I be able to claim under this loop hole to the law the next day?

****Firstly I would like to appologise about the length of this thread. If you have no interest in saving money, or do not have any debts (mortgage excluded) or are not interested in financial news, then this thread probably wont interest you**** I used to work for a mortgage broker, but when the market changed due to the big bad captain credit crunch I decided it was best to leave. I met up with a few of the lads I used to work with last Friday as it was one of their stag do's and got chatting to them about how the company was. They advised me they are venturing into a new 'product' which has been brought to their attention by a debt management company. I do not know the validity of the information I was given, and to be honest, when I heard it, I thought it sounded too good to be true. However, a quick google search earlier today revealed a few interesting articles which seem to back up what was said in some way. Anyway.. This will fly over a lot of peoples heads but ill try to keep it as non-financially-complicated as possible as this may well be of use to people. In April 2007 new Consumer Credit laws came into place which made it easier for us mere mortals to challenge credit agreements. This new law putting it simply means that any credit agreement signed before April 2007 stood a good chance of being (when challenged in a court of law) deemed unenforceable thus rendering the amount you owe as nothing - wiping the debt out if you will. I was told this is due to the calculation of the APR's. A lot of people quote APR's when talking about the interest rates of loans and credit cards but not a lot of people know that APR's are a 'rough' average. For example, if Mr Joe Smith takes a loan out with no set up costs or ending fee's, pays all payments on time and never requests an extra statement or queries anything, the actual APR will be fairly similar to the interest rate charged. However, if Mr Jim Jones takes out the same loan but misses payments from time to time resulting in late payment/missed payment fee's and he request a few statements throughout the course of the loan (which are also charged seperately) then the charges associated with his loan are higher than those of Joe Smiths. Consequently his APR is higher. Now when you apply for the loan, there is no knowing if you will be like Joe Smith and not incur additional charges or if you will be like Jim Jones and incur a lot of extra charges so finance companies have been quoting APR's which they have calculated by using averages. Apparently, if you signed a credit agreement before April 2007 which quotes an APR, there is a good chance the wording on the credit agreement is incorrect. If challenged in a court, there is a chance the judge will agree and the debt cannot be recalled. Esentially you would wipe your slate clean and the debt is written off. This would also not have any bearing on your credit file. A few of these cases have gone through, mainly being a tactic employed by the Citizens Advice Bureau (CAB) to help people who cannot afford their outgoings, however a few firms are now employing legal bod's to take cases on which they can charge a fee for. The company I used to work for are trialling this to see if it works with one of their employees. Her has a personal loan which he took out about 5 years ago with a remaining balance of about £10k. They are changing an initial £450 for the case to be looked at. This would cover one credit agreement with an additional £150 per credit agreement after this (so for 4 loans it would be £900 irrespective of the amount owing) If the legal peep's believe it has legs then they will take the case on for you. If they do not think it has legs, they will refund £400 of the £450 (the £50 they use being to write 2 letters, one for the creditor to provide the info they need and a copy for you). If your case is successful, they will charge you £1000 upon settlement of the debt. This means if it works for this person they are trialling it with, he could kiss goodbye to £10k of debt with just £1450. Below are a few links to the information I have seen including a report some 16 months ago from Martin Lewis. http://forums.moneysavingexpert.com/showthread.html?t=420019 - very interesting comment (one of the last ones) which quotes the bloke who wrote the CCA 1974. http://www.financialagreementsolutions.co.uk/index.html I am fully aware of the morals of this, should it turn out to be something which is possible. I for one pay everything on time. I had a few credit cards which I kept a balance on when I was younger and learnt from this lesson. They are all paid up now and I chose not to take credit out so would be a tad miffed if Tom, **** and Harry got all their debt cleared just because they decided to credit whore themselves around. But more importantly, if this became common knowledge and everyone started to do it, the UK banking system and consequently economy would fall into the biggest darkest pit ever! I believe that this hasnt been as widely publisised for this reason, along with a lot of people who wont give it a try for fear of being turned over by their bank. I was also told that *alledgedly* banks and building soceities have known about this for some time and have been stock piling cash to cover the claims, but I am unsure of the validity of this.

How many posts you got left today? You gonna join up then?

Possibly off for a cheap week abroad in Sept or a week at Centre Parks instead. Off snowboarding/Skiing with the family over my bday and new year in Canada (paid for by my parents - get in!). Off to Australia in March for one of my best mates wedding as he emigrated out there a few years ago. Im getting married next year too so will have the honeymoon - yet to book and havent got a clue where to go. ALong with my stag do and one of my other best mates stag do's who I am best man for. We are thinking of having 3 stag do's between us. A shared one somewhere like Ibiza or Magaluf, possibly even going as far as Las Vegas, then we each have a weeekend closer to home like Cardiff or Newcastle. What with the £5 membership im gonna be broke!

Someone is having a clear out! Bit of advice with Shebay though... You will pay less in listing fee's if you start the bidding at 1p. More likely to grab the attention of people too thinking they will get it cheaper than if you start the item off for sale at the price your willing to accept at the end of the auction (If you get what I mean?)

That would **** me off. The real Far away will get a lot of abuse from the she hite Alpine posts

Actually I didnt post till number 13 MB, but your forgiven for you miscalculation!

Your nickname for Buzzin wasnt funny no. But what was, was Scud mentioning how unfunny your nickname was. I thought it was just me that noticed it. Hence why I laughed.

Personally I think composting is a load of old rubbish. Ill get my coat

Yeah but not in the ghetto. Its a posh drive by

Jade Goody... Queue onslaught...

Dont lie MB, you were installing the hidden CCTV camera for your new 'live bewbs taking toilet time' PM's...

I have had a request from him 3 times today also. And been invited into his group which im guessing is now closed due to the loop-hole being spotted. Wiltshire has requested to add me too after slating me earlier! Do I accept his advances?

I lol'ita-able

She is going to confess her undying love for you. I know this as she has done it on my visitor message board. Quite explicit some of the language she was using describing what she wants to do to me too!

I spoke to him about a mortgage. Did an application for him a few years ago. FACT. Recognised the name and only realised who it was half way through the call!

Does this mean Tiggs groups are all redundant now?

Im not so sure, one of his posts was in reply to mine, one was in reply to yours and another was his own. Thats no points to anyone

Yes, yes this is correct. Saves grief and means I can play FM08 while she enjoys the TV

Ah! I have updated it now. My big bad birthday is on there

You would think that *** (spelt 'at' after the tw) is not either. Or a lot of others. Reference the 'Norty words' thread My god, even tw followed by @ is now starred!!!