A Few Questions

[xplosion]

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Hi all,

New to this and have a few questions that would appreciate any answers or advice.

Do any companies or individuals offer leads that accept payment once the lead proves a success ? Or does the payment need to be made upfront ?
Would be looking for people with credit card debt,secured loans,personal loans and mortgages.

On success
IVA payout would be £150
Loans and mortgages £75
Credit cards 2% of balance.

As said,new to this so any advice welcomed.

Thanks

[Peter1_G]

Hi all,

New to this and have a few questions that would appreciate any answers or advice.

Do any companies or individuals offer leads that accept payment once the lead proves a success ? Or does the payment need to be made upfront ?
Would be looking for people with credit card debt,secured loans,personal loans and mortgages.

On success
IVA payout would be £150
Loans and mortgages £75
Credit cards 2% of balance.

As said,new to this so any advice welcomed.

Thanks

Hi and welcome to the forum

At that level of payout you may be able to buy as an upfront payment,

On success

IVA minimum £750 to get any business probaly more in this difficult market.

But can i ask

What business are you actually in? is it the brilliant idea that all credit can be wiped out beacuse of un-enforceable agreements?

regards
Peter

[xplosion]

Hi and welcome to the forum

At that level of payout you may be able to buy as an upfront payment,

On success

IVA minimum £750 to get any business probaly more in this difficult market.

But can i ask

What business are you actually in? is it the brilliant idea that all credit can be wiped out beacuse of un-enforceable agreements?

regards
Peter

Thanks for that.

The Business as you indicate is looking at the contracts of the finance agreements.

Regards

[abc]

is it the brilliant idea that all credit can be wiped out beacuse of un-enforceable agreements?

regards
Peter

I have heard these claims off other people..

do u know more about it..?

Rick

[Tellmewhatyouknow]

The links are freshly stolen from a site dealing with this:

Look Before You Lend! - Consumer Credit Act 1974

or a video if you don't want to read

BBC News Player - Firm says credit deals flawed

there is one company that settle as soon as they are approached, and the likes of Nemo and Firstplus all apparently settle (give up) before it gets to court.

Hope this helps
Mike

[Peter1_G]

Thanks for that.

The Business as you indicate is looking at the contracts of the finance agreements.

Regards

Hi

generally interested in how the finacial claims are worked if you can explain for me


1) why you think an IVA lead may produce a case? an IVA is prepared under "The Insolvency Act" has nothing to do with CCA???

2) regarding credit card claims, my understanding is the balances are wiped not refunded that is if the company does not contest. So who pays the success fee? from which you pay 2% of the balance wiped and how is it funded

Regards
Peter

[xplosion]

Hi

generally interested in how the finacial claims are worked if you can explain for me


1) why you think an IVA lead may produce a case? an IVA is prepared under "The Insolvency Act" has nothing to do with CCA???

2) regarding credit card claims, my understanding is the balances are wiped not refunded that is if the company does not contest. So who pays the success fee? from which you pay 2% of the balance wiped and how is it funded

Regards
Peter

Hi Peter,

With regards to your first point you are correct.My original post was asking about IVA leads,i never mentioned it being related to CCA.Sorry if there was a confusion.

Regarding credit card claims.The client would pay a fee for a successful outcome which would enable me to pay 2% to an introducer.

Regards

[Peter1_G]

Hi Peter,

With regards to your first point you are correct.My original post was asking about IVA leads,i never mentioned it being related to CCA.Sorry if there was a confusion.

Regarding credit card claims.The client would pay a fee for a successful outcome which would enable me to pay 2% to an introducer.

Regards

Hi Xplosion

thanks for that, although i don't think i was clear enough

How will an IVA lead be beneficial to your business unless of course it was before the iva and they would start financial claims instead of entering in to an IVA yes?

point being it may be worth trying to source all those leads that don't fit an IVA criteria 1, 2 creditors large loans or the secured debts these would be pretty cheap i assume

and regarding the other question were does the money come from to pay your fee on credit card claims as the card companies may wipe but certainly do not refund am I correct?

regards
Peter