debtbuster-uk.com

  • Increase font size
  • Default font size
  • Decrease font size

FAQ

So what is Debt Busters about?

Essentially we help you in 2 ways to: -

  1. Eliminate your pre April 2007 debt - and or
  2. Help you make money helping consumers, family and friends eliminate their pre April 2007 debt

How?

After decades of lenders ‘miss-selling’, recent legislation now allow us the opportunity to help consumers, family and friends to clear and eliminate their ‘pre-April 07’ Credit Cards, Secured Loans, Unsecured Loans, Car Finance Loans and Overdrafts - without the need of an IVA, Bankruptcy, Debt Management or Debt Consolidation

Is this legal?

Our Programme is approved by the Ministry of Justice

Is this the same as an IVA/Debt Management Program?

Absolutely NOT, this is completely different and has come about due to recently discovered 'Flaws' in some credit agreements/contracts which means that the debt on your credit agreements may be 'unenforceable'. This has nothing to do with any debt management program. Bankruptcy, Debt Arbitration, Compensation Claims,, Debt Consolidation or taking out further loans.

What if the creditor’s contact me do I have to deal with them?

No, you have given our team authorization to deal with your case on your behalf. If we proceed with your case, our solicitors will deal directly with your creditors. If they do contact you, do not answer any security questions or go into any conversation. Tell them that your solicitor is dealing with your case and ask them to contact the legal team directly.

How long will it take?

We expect the process to take between 4 - 12 months as each case is different, we have to send off for the agreements and this is where the delay is. It could take up to 40 days, after that it’s the letter writing back and forth and it depends on how fast the creditors respond to the litigation team.

How can this be possible, it seems too good to be true?

On 29 June 2006 the Office of Fair Trading (OFT) published guidance on how provisions of the Consumer Credit Act 2006 may be used to protect consumers. The provisions relating to unfair relationships between borrowers and lenders came into force in July 2007.

This new Act updates 1974 Consumer Credit Act. It aims to create a fairer, clearer and more competitive consumer credit market and to improve protection for consumers. The Act enables borrowers to challenge credit agreements on the grounds that the relationship between the parties is unfair.

How much does it cost?

Should you wish to proceed, our fees are £495 for each audit.

There is no successful outcome fee to pay on completion of your case. Should you be entitled to a compensation reward, you will receive 100% of your reward.

Once you have decided to go ahead and have filled in all of the relevant paperwork and paid the required audit fees, you may want to recommend our services to your friends and family. If this is the case, you may want to take advantage of our referral program, speak to one of our representatives for more details.

What can I submit that will qualify for a pre-audit??

The value of your credit agreement must be between £5,000 and £25,000 with a minimum outstanding balance of £5,000, regulated under the Consumer Credit Act 1974 and taken out before 6th April 2007.

If I have an unsuccessful outcome, will I be refunded?

If your proposed audit does not result in a successful outcome for a secured/ unsecured loan, credit card, we will refund the audit fee back to you.

Are there any further costs to pay?

Yes, there is a £10 Document request fee which is made out to your creditor to request your documents. This fee is not refundable.

What are the risks to the customers, family and friends I sign up?

None that we can think off.

  • When the client signs up for free to see if we can eliminate their debts
    • We research* the case and advise the client within 48 hours if we will take on the case
    • If the client agrees for us to take on the case and have their debt eliminated then we charge £495.

* NB: We only take on a case when our Solicitors and Barristers have reviewed the facts and tell us that in their considered view there are grounds for us to take on the case and win.

  • Should we get it wrong and fail to win, then there is no charge to the client and we refund their fee in full to them
  • If you are an Associate or Executive you still keep you upfront £100 or £150 fee
  • And when we win the case you then get another £100 or £150 back end fee
  • And the client has their debt written off

What are my Investment Options?

To have your debts written off you just pay £495 for debts over £5,000

To make money helping family and friends you can enjoy this lucrative opportunity as an Associate or an Executive

Associate Members:

  • Your Fee is just £297 and
  • You earn £200 per case
    • £100 upfront for each case we accept and
    • £100 on successful completion
    • Plus you also earn recruitment fees when you bring on board other Associates and Executives

Executive Members:

  • Your Fee is £2,997 and your earnings are typically 50% more
  • You earn £300 per case
    • £150 upfront for each case we accept and
    • £150 on successful completion
    • Plus you also earn recruitment fees when you bring on board other Associates and Executives

And what do I get?

Your pre April 07 debts written off with a significant net gain
A new ‘New Business Opportunity’ for only £297 with a tremendous income potential, a Business Plan, Marketing Manual, Website and On-Going Training to succeed
Plus you can also take on our other ‘Business In a Box Profit Opportunities’ and add them to your business portfolio

What is a Regulated Credit Agreement?

If you have a loan, or you have purchased goods on credit, there is a good chance that you have signed a Consumer Credit Agreement regulated by the Consumer Credit Act 1974. Generally, these agreements are under £25,000 however, with changes to the act you may have an agreement that falls under the Act.The content of the agreement has to conform to regulations in accordance with the Consumer Credit Act 1974 and should be signed and dated by both you and the lender for it to have been properly executed.

So how do I find out more?

To register and get your debts eliminated click here
To register and become an Associate or Executive please click here

 

DB Login