When you think it can’t get any worse!

This weekend I spent some time reviewing this last month  and the work I have been doing with my new clients.

I have a very lovely couple who I have been working with, a man 72 his wife 58, she still works, he is an accountant. I understand he has a small pension and recently has lost his income he earned for some accounting work….non payment… small firms not using him etc etc.

They have a mortgage of £250,000+ from a Northern company that was taken out about 3 years ago, he has some credit cards like we all do….

• Husband          Wife

• credit cards     £18,000          £21,000

• loans               £35,100           £7,500

• unsecured debt            £74,600

• secured debt               £250,000

• debt totals                  £324,600

Hmmm not so bad, if there are lots of assets with value or equity remaining in them. I took the liberty in some free time to look at a property website I use in my business www.ourproperty.co.uk , to see how much houses have been selling for in their street/area, they have SOLD for between £141,000 & £450,000 from March 1997 and July 2007.

Clearly the 1997 values can be easy to achieve in this depressed market. However, taking the highest value

• £450,000 of property in July 2007

• £324,600 minus their total debt

• £125,400 equity remaining!!!!!!…

Now I have just looked at this as I am writing, and I am staggered at the dreadful situation this couple find themselves in. At their age in this market it will not be simple and easy to re-mortgage, furthermore to find a property for £124,000 or less in their area dammed hard.

Even worse if you were to think that their property could sell for less than £350,000 or just meet £324,000……in July 2001 a House on their street sold for just £1,000 more than this.

So what is the answer you ask yourself, try to repay your debts! DOH Not so simple!

Or try and make a claim against your lender…an excellent chance to remove the debt and be free from its burden.

Please understand I am not a critic of these people, I am just so aware that credit was & has become so easy to get, and so difficult to unburden yourself from. The consequences are potentially devastating.

I trust that this couple can find the strength to make a claim, and free themselves from their burden of debt.

Just one question…..DO YOU WANT THE MONEY?

If so give me a call: 07803 961 246

Please read the latest news from USA

http://community.nytimes.com/article/comments/2008/10/29/business/29credit.html?rss=1

Today I will create my first Website!

I woke up this morning quite early, thinking about where I was and where I want to be, not just tomorrow but in 1 month, 6 months, 1 year and 5 years time. I remembered that old saying “if you keep doing the same things you will keep getting the same results” I needed to make some changes and take some action.

I had seen a friends website, which had started me thinking about my own future, and how this could open some doors to change the way my life is heading. I didn’t want to copy his website, I just took some inspiration from what I saw and heard about how it had affected his business life, and decided there and then to act on those thoughts.

I left some info on a web designer page asking for a call back, having left some details about my new project.

This morning I got a callback, I spoke at length with Mike giving his an overview of what I did, what I was looking to do, and how I would like him to help me. He suggested sending me a profile sheet, on which I could write my objectives for my site, so later today I will start my journey!

Repossesions

Repossession figures are of grave concern

23 January, 2009

Following yesterday’s announcement from the FSA that repossessions increased by 92% in the third quarter of 2008, Peter Bolton King, chief executive of the National Association of Estate Agents (NAEA), said the figures are of grave concern.

If you have been reading the headlines recently it looks very scary for those borrowers who bought near the peak of the property market in early 2008, or who had recently removed equity from their home for any purpose.

It also must be a real concern for those of us who may work in a sector or a company who has been affected by the “credit crunch” and may lose their jobs.

This company will in claims for Repossession or charging orders, seek to challenge those agreements and stop repossession or charging order, without charging  clients a fee!

Is this good business I ask you all?  Well of course it is! It is good business to help people get out financial hardship, in a financial marketplace which is littered with stories of mis-selling, and bad practices, this business stands out and takes a stance to help those who find themselves in difficulty.

When the company have achieved the success that the client needs, they we have rebuilt the trust that client lost with their mortgage provider, banks, estate agents, or property developers. Then, they will be able to help the client further, to make successful claims against their Credit card provider, their old or existing mortgage provider, against personal loans, car finance and their banks.

If you are facing a repossession, or have even been repossessed, do not despair, if you contact me straight away,  the company can intervene to prevent a repossession, we can even look to unwind a previous repossession, in all of these cases you may be unaware of your rights and how your interests are protected by several laws to protect consumers and can make a minimum claim of £5000. Please do not let the lenders get away with your money and your Home

Contact me and find out how I  can help you fight repossession.

call: +44 7803 961 246

or post to this blog directly

Clear your credit card balances

I spent all day on 19th April 2008 in Marlow, Buckinghamshire getting fully trained on how to clear peoples credit card balances, claiming compensation for mis-sold mortgages, secured loans, and car finance.

There are so many banks and finance houses, which have for many many years charged their clients fees which have been recently scrutinised by the FSA and OFT.

Most recently they have been found to have agreements which in many case are unenforceable, as a result customers unaware of these facts continue to use their credit cards and pay the Credit Card Companies.

In fact they could be looking to receive COMPENSATION for this….This can take to form of having their entire balances cleared, of having interest payments, principle payments, late charges, refunded in part or in full!

Of course the Banks do not want their profit generating customers to know about it…..No of course not! But the information is out there in the public domain, if you know where to look and have the time to spend looking for it.

Very simply, the work my company does is to review a customers situation….look at their contracts in principle and within 24hours have a decision from our in-house solicitors and underwriters if is a “Yes proceed”, “No, do not proceed today” or “On Hold awaiting a decision” , if its a Yes proceed, then the process can begin.

To claim on a mortgage which can have been taken out in 1990 you can expect to receive no less than £5000 in compensation, it can take up to 12 months to complete. It can even be an old mortgage or remortgage!

To claim on a credit card which must have been taken out before April 2007, then the minimum aim is to have the entire balance cleared, it can take up to 6 months to complete.

To claim on a secured loan or Car finance, you can expect to have the entire balance cleared, or compensation of £5000 (where the loan exceeded this amount), it can take up to 8 months to complete.

If you want to know how this is done…..send me a post it will cost you nothing to find out, all I want to know is:

DO YOU WANT THE MONEY?

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