Unfair Credit Direct

A question about : Unfair Credit Direct

Does anyone know anything about a company in Keighley called Unfair Credit Direct. They think that I have a good case for compensation for a Mortgage I took out in August 2003 until September 2005.

Thanks in Advance

Best answers:

• If you really do have a compensation case you don't need their help. What grounds do they have for thinking that you have a case for compensation? What do you think was done wrong, if anything?
  Compensation in such cases is normally redress, paying enough money to put you in the position you'd be in if you'd received best advice at the time, without requiring a broker to know the future.
• They are saying that I could of been mis-sold the mortgage with Igroup and that the broker fee was excessive for the amount my mortgage was for.
  It just seems a bit dodgy as they have rang me out of the blue and they charge a fee to procede with the claim, they also say that they do not take on cases unless they are 100% certain they will win.
• You should never pay upfront for services such as these. That is the advice that Martin Lewis has given in reference to debt management companies.
  I've been scammed by a company called Buy Bye Credit who offer the same services as Unfair Credit Direct. Coincidentally, [TEXT DELETED] who was the 'introducer' now works on behalf Unfair Credit Direct. I've been advised that Buy Bye Credit have just ceased trading & their new company name is Unfair Credit Direct!!
  On that basis I would say don't touch them with a barge pole! They get your fee upfront then you never hear from them again. They're all con-artists!
  There is a a forum on this website all about Buy Bye Credit which you may find interesting. They are currently being investigated by the Ministry of Justice & Trading Standards.
  Any company that has [TEXT DELETED] or a member of the [TEXT DELETED] family working for them should be avoided at all costs.
  I cannot add a link to this message but if you type Buy Bye Credit into Google you will get access to the forum.
• Unfair Credit Direct passionately believes that irresponsible lenders should pay for the mis-selling of financial products and consumers should legally challenge them.
  We have researched the mortgage redress claims and studied case law. With this in mind we only accept claims that we are confident we can win.
  We instruct a legal team to gather the appropriate evidence quickly and if necessary force disclosure through the Courts. Our legal representatives issue a section 7 access requests giving the creditor 40 days by law to return the requested paperwork, thus quickening the process substantially.
  As for difficulty in proving a mis sold Mortgage there are well established legal principles which provide a remedy in the event that a cause of action is available, not least breach of fiduciary duty, secret commissions, fraud and in the event that it is post 2004 suitability of advice as required by the MCOB rules.
  Should we accept a case we would agree a charge for our claims service but believe we are the only claims management company in the country whom agree a fee payment program with the client over a 6 month period, making it totally affordable to the client.
  In addition it is written within our terms and conditions that should the claim be unsuccessful, for any reason, that we refund the client the total amount of money they have paid.
• If you are so confident, why do you want money up front?
  How many succesful cases have you had that you can prove?
• We require payment, which we must stress is on payment terms not upfront, for 2 simple reasons:
• We as a business do not have the financial resources to fund all potential clients through the process until payment. There are costs attached to every claim including case administration and the instruction of solicitors and barristers
• We have found that clients who make an investment in the process are many times more likely to stay onboard if and when lenders make offers or threats

Unfair Credit Direct have processed hundreds of successful claims and are proud of the success we bring our clients. In a time when our particular industry is under the microscope the fact that we continue to exceed our client expectations is testament to our professionalism and success.

• Thanks for the reply.
  The question remains though that if for any reason the success rate is much lower than hoped, where is the money for the refunds going to come from if it has already been spent.
  It seems a very questionable practice to offer a refundable prepayment and then use it for the day to day running costs of a business.
• I take it that you have the permission of the site administrators to promote your questionable services on this forum?
• I have read everything that as been posted and I have paid money to unfair credit in relation to a credit card, but the question I want answered is as any credit card debts ever been writen off or been classed as unenforceable be it with the said company or any other ?
  The problem with this model is that it is totally reliant on gaining new people to pay up front. When the money coming on slows down or stops, the business will collapse as you will need to refund more money than you have got in pot. Something that other claims companies are starting to see. If the bank charges and unenforceable loans had not gone in the favour of the banks (so far) then your model would have been fine as there would have been enough cases to take the percentage from (as well as less refunds). However, with unfair credit being virtually dead in the water now then unless something else comes along, you are going to run out of cash.[/QUOTE]
• Are you sure it is the same company, they one above seems to saying they only deal with mortgages?[/QUOTE]
  Their website indicates they deal with mortgage and creditcard/loan claims.
• It appears their spokesman may have been a little economical with the truth.