A growing number of consumers are realising that you can challenge legally unenforceable debts.A company called Credit Issues has done just that with £1.5 million of consumer debt this year alone.  They’ve proved successfully that a contract which breaches the terms and requirements of Consumer Credit Act 1974 is not enforceable by the lender or the Court.   People who may have been capable of supporting the credit card or loan commitments they made in the past

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A debt management firm called Credit Issues has had some success in challenging credit card and personal loan balances by requesting “true copies” of the original agreement has proved a powerful and effective approach.Several rulings by various District Judges have vindicated that strategy and in most cases so far, those “true copies” have not been made available.So with no documentation forthcoming, a positive outcome for Credit Issues’ clients challenging the entire balance (whether they are being pursued by the original lending institution or the debt has been sold to a debt collection agency) is highly likely.To date, they’ve

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Recent data indicates that personal insolvencies in Scotland rose by a dramatic 137% in stark contrast to figures published on Protected Trust Deeds (a Scottish version of an IVA) which suggest a modest 1.6% increase quarter on quarter.This of course reflects only those who have approached a licenced insolvency practitioner to set up such an arrangement. These figures may seem counter intuitive when set against  other data that suggests Scottish homeowners have emerged relatively unscathed from the housing price slump this time round with just 1% of  owner–occupiers in negative

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