Tuesday, 28 July 2009

RECLAIM UNFAIR BANK CHARGES TODAY

posted by debts.org at 01:17

Unfair bank charges have been imposed on millions of people in the UK. It is time to take a stand against unfair bank charges and reclaim what is rightfully yours through debts.org. We are currently claiming back thousands of pounds in unfair bank charges for our customers, in the areas of: Payment Protection Insurance (PPI), Mortgage Exit Fees, Credit Card Fees and Bank Charges.

Don´t let the banks rip you off

In these days of recession and credit crunch, take a positive step today and don´t let the banks get away with ripping you off any longer. High charges for minor account problems are no longer acceptable. According to the Banking Standards Board, complaints against banks have soared recently, and the majority have been about unfair charges and high interest rates.

Bank charges escalate as recession hits

Bank customers who slip into minor difficulties can suddenly find themselves with debts piling up, as banks charge up to £30.00 to send a letter and rub their hands together with glee at the thought of how much they can charge for clients using overdraft facilities or missing direct debit payments. It is time to fight back and reclaim your money with debts.org. Our friendly staff will help you to claim back what is rightfully yours and give you free advice and guidance along the way.


Contact us free on 0800 520 0923 or fill in the online claim form.

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Wednesday, 8 July 2009

Assisted Voluntary Sale how it can help you

posted by debts.org at 04:06

If you are thinking of selling your house to resolve your debt problems, but are unsure about your property reaching its market value, you could benefit from an Assisted Voluntary Sale (an AVS). An AVS can give you ongoing support until your debts have been cleared. Benefits of an AVS include:

• Your AVS advisor will manage all aspects of the property sale

• Continuing support helps you to become debt-free after your property is sold

• An AVS is a realistic alternative to repossession if you are unable to meet mortgage payments

• A better chance of achieving the true market value of your home

• Your mortgage lender will be informed about unsecured creditors throughout the AVS while aiming to reduce charges

• A dedicated case officer will support you throughout the process

• Full and final settlements will be negotiated with unsecured creditors

• Re-housing support is given and protected rental deposits, if required How an AVS scheme works

If you are suffering debt problems, debts.org can give advice about the sale of your property on your behalf. Independent estate agents can handle the conveyancing with fixed, transparent fees. This means you don't have to worry about the various steps involved in moving home. Alternatively, your sale will be handled by a dedicated case officer working on your behalf. You will be provided with two separate valuations of your property, which will be verified by comparing UK Land Registry prices to ensure a realistic market value.

You will also receive regular feedback about potential buyers and the number of viewings you get. Any offer made on your home will be thoroughly checked before being presented to you, to ensure you get the best price for your property. Once you accept the offer, we will arrange the completion of the sale at a date to suit both parties. We may also be able to persuade mortgage lenders and creditors to halt any enforcement activity during the AVS process and we will keep all parties informed of the process of the sale. You may have credit card debt problems, or general debt problems which can be helped by taking out an AVS.

The outcome of an AVS

The outcome of an Assisted Voluntary Sale will be different for every individual, depending on their circumstances. After selling your property, you may have sufficient funds to make a full and final settlement to creditors. If funds are not available to solve all of your debt problems, we will recommend a structured payment plan, such as a Debt Management Plan (DMP) or an Individual Voluntary Arrangement (IVA). Serious debt problems can be managed easily with a Debt Management Plan, and you will benefit from no up-front fees and one single monthly payment to your creditors, which we will arrange on your behalf. Mortgage repayments and re-mortgage arrangements

As house prices fall and banks and building societies tighten lending criteria, re-mortgaging has been drastically reduced. Home owners are withdrawing less equity from their homes, and the behaviour of borrowers has changed in the past two years since the housing market has declined. Prior to that, homeowners withdrew equity from homes increasing in value, which reached record levels in 2006. When the housing market is buoyant, re-mortgages can be quite easily arranged, but since the beginning of 2008, banks and building societies are more cautious of offering larger loans on property. With low interest rates reducing monthly mortgage payments drastically in many UK households, some borrowers are overpaying mortgages to reduce their debt.

Mortgage repayments are bad news for retailers

The move by many homeowners to overpay on their mortgages is bad news for retailers. With lower interest rates, many borrowers have decided to spend the equivalent of 3.5% of their salaries paying down their mortgage, and the fall in equity withdrawal has a negative effect on many businesses. Limited spending on the high street has seen many UK businesses close down in the past 18 months, and most people won´t start spending again until the economy and the housing market show positive signs of recovery. Problems with debt affects thousands of people in the UK every year. Pensioners could also suffer as housing equity withdrawal has been used in the past for reducing debts and topping up pensions. Reduced housing prices means that equity withdrawal is not a viable option, which in turn can severely hit the wealth of pensioners.

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