The table highlights leading HR directors and people leaders in the UK, showcasing their roles, experience, and focus areas. It spans industries from retail, finance, media, and hospitality to public service and healthcare. Strengths include culture transformation, diversity and inclusion, analytics, and digital HR. Random scores rank leaders like Leena Nair, Peter Cheese, and Dame Emily Lawson highest.

The post Who is the Best HR Director in The UK With Score appeared first on Glitech Financial Solutions.

The post Who Is The Cheapest Accountant In Cornwall appeared first on Glitech Financial Solutions.

Manchester Accountants With Transparent Pricing — From Just £10/month Upwards!

Summary

Manchester accountants advertise highly transparent fees, starting from just £10/month for sole traders (Accounting Wise) and around £24.50/month for small businesses (The Accountancy Partnership). Budget-friendly options include D4 Accountants at £150/year and Cheaper Accountant from £50. Mid-range providers such as SK Accountants (~£30/month) and SnapAccounting (£45/month) target online clients, while premium services like Chart Accountancy (£660+/year) and Martin Seitler CA (£490 for Ltd companies) cater to established firms.

The post Compare the Best Accountants in Manchester appeared first on Glitech Financial Solutions.

Summary

London accountancy fees vary widely. Budget online services start from approximately £24.50–£47.50 per month (The Accountancy Partnership, AccKent, SnapAccounting), with Self Assessment specialists like TaxScouts at £169 per month. Contractor and startup packages cluster around £99–£275 per month (Chart Accountancy, Outsourced ACC). Traditional firms offer fixed-fee menus and tailored quotes (Coman & Co, Fusion, Crowthers), while bespoke annual packages can reach ~£1,500 + VAT.

The post Who Is the Best London Accountants: Compare Prices appeared first on Glitech Financial Solutions.

• Credit Card Repayments – how long will you take to pay off your credit card debt?
• Loan Repayments – how long will it take you to pay off your loan?
• Mortgage Repayments – find out how long it will take you to pay off your mortgage, how much you pay in total and more
• Compare Repayment & Interest Only Mortgage Repayments – find out how long it will take you to pay off your mortgage, how much you pay in total and more
• Household Budget Calculator – work out how much disposable income you have each month to pay off your unsecured debts
• Bank Charge Interest Calculator – find out how much interest you can claim back when making a bank charge reclaim

Saving

• Compound Interest – discover the magic effect of compound interest on your savings
• Inflation – find out how inflation has a negative impact on your savings
• You’re A Millionaire! – calculate how long it will take you to become a liquid millionaire

Investing

• Pensions – calculate what size pension pot you will need to secure the kind of pension you would like to live on when you retire
• Stocks & Shares ISAs – calculate how your money can grow through investing in stocks and shares funds
• Adviser Commissions – how do adviser commissions affect your money?
• Child Trust Funds – by starting early, see what kind of ‘step up’ you can give your children when they reach adulthood.

Insurance

• Life Insurance – calculate how much life cover you really need

The post Money Calculators appeared first on Glitech Financial Solutions.

Cash ISAs

What is a Cash ISA?
Where can I get one?
What can be put into a Cash ISA?
How much can you save in a Cash ISA?
How much can I withdraw from a Cash ISA?
How is interest paid?
How do the tax benefits work?
How long will my Cash ISA remain tax-free?
Can I switch from one ISA to another?
What is an ISA tax year?
How many ISAs can I have?
Are there other types of ISAs?
What happens to my ISA when I die?

Savings Accounts

What type of savings accounts are there?
What is the best savings account for me?
How do I open a savings account?
How do I switch savings from one account to another?
Why bother saving?
How are savings taxed?
What financial protection do I have?
What’s the difference between ‘Net’ and ‘Gross’ rates?
How does inflation affect savings?

What is a Cash ISA?

Cash ISAs are simply savings accounts where the interest isn’t taxed, meaning it’s incredibly rare for a normal savings account to pay more interest. For example, for a cash ISA paying 5% AER to be beaten, a basic-rate taxpayer would need a savings account offering 6.25%, while anyone on the top tax bracket would need a massive 8.3%.

As with normal savings accounts, there are various cash ISAs available, such as instant access, fixed rate, and accounts with base rate guarantees.

Where can I get one?

You can get an ISA by going to an ISA Manager, which include banks, Building Societies, National Savings and Investments, some Supermarkets and retailers, Friendly Societies, insurance companies, unit and investment trust companies, financial advisers, fund supermarkets and stockbrokers. The ISA manager will look after your account for you.

ISA managers will give you details of the ISAs they offer and may provide advice about which one would be right for you. Alternatively, you could go to an independent financial adviser for help in choosing the best option, which will be particularly useful if you want independent advice and/or have relatively large sums of money to save.

What can be put into a Cash ISA?

You can only put cash into a Cash ISAa. If you’re interested in buying company shares or funds through an ISA, you will need to open a stocks and shares ISA.

How much can you save in a Cash ISA?

Because of the tax advantages of an ISA, the government sets limits on how much you can invest in a given tax year. In the current tax year (2020-2021) the maximum you can invest overall is £5,100. The total for a stocks & shares ISA is £20,200 and you can use a combination of both.  An example could be:

• £5,100 into a Cash ISA and £5,100 into a stocks and shares ISA
• £6,000 into a Cash ISA and £7,200 into a stocks and shares ISA
• Nothing to a Cash ISA and £20,200 to a stocks and shares ISA

How much can I withdraw from a Cash ISA?

You can withdraw as much from your Cash ISA as you wish, whenever you want (subject to having an instant access type of ISA, otherwise you will have to wait for the notice period).  However, once the money is withdrawn, it can’t be returned.  An example could be:

Reminder
Cash ISA annual limit: £5,100
Stocks & Shares ISA annual limit: £20,200

Mr Jones is under 50 and invests £20,200 in a shares ISA at the beginning of the tax year. He may sell the whole investment, or part of it, at any time without losing the tax benefits, but no more may be bought inside that year’s ISA wrapper.

Mrs Smith, again under 50, invests £6,000 in a cash ISA at the start of the tax year.  She may save a further £6,100 in the cash ISA, or £7,200 in a shares ISA (or a combination of both) before the end of the tax year.

Mrs Smith then decides she needs to withdraw £6,000 from the Cash ISA.

There’s no problem withdrawing the money; for the time the £6,000 was in the ISA the interest it earned wasn’t taxed.  However the fact she has withdrawn the cash doesn’t increase her allowance at all – she can still only put £6,100 more in the mini-cash ISA, or £7,200 in the shares ISA.

How is interest paid?

Interest tends to be paid direct into an account annually though it can be paid monthly or quarterly.  To find out how often interest is paid affects the overall growth of an ISA, please see our AER explained blog.

The benefit of holding any type of ISA for the long term is the affect of compounding.  To calculate how much your ISA could be worth in the future, use our compound interest calculator.

How do the tax benefits work?

You pay no tax on any of the income you receive from your ISA savings and investments. This includes dividends, interest and bonuses (stocks & shares ISAs).

You pay no tax on capital gains arising on your ISA investments (losses on ISA investments cannot be allowed for Capital Gains Tax purposes against capital gains outside your ISA).

For whole-of-life insurance policies that use ISAs, n insurer does not have to pay tax on income and capital gains on investments used to back a ISA life insurance policies. You do not have to pay any tax when the policy pays out.

You can withdraw your money at any time without losing tax relief, and you do not have to declare income and capital gains from ISA savings and investments or even tell your tax office that you have an ISA.

How long will my Cash ISA remain tax free?

The government has now confirmed that Isas will remain indefinitely, which means the money you have saved in ISAs will remain tax free.

Can I switch from one ISA to another?

You can transfer your ISA to another ISA manager whenever you want and you do this by asking the new ISA manager to arrange the transfer. Your existing ISA manager cannot stop you from transferring, but they may make you pay a charge or insist that you sell any existing ISA investments and transfer cash (depending on their terms and conditions). You will probably want to consider this when taking out an ISA.

Your ISA must be transferred directly between the two managers. You cannot transfer your ISA by closing it and opening a new ISA with the new ISA manager, otherwise you will lose part or all of your allowance.

Subscriptions to a stocks and shares ISA can only be transferred to another stocks and shares ISA. However, subscriptions to a cash ISA can be transferred to another cash ISA, or to a stocks and shares ISA (see above).

A particular ISA may only allow certain types of savings or investments. For example, managers offer ISAs that can include only that company’s products. And not all managers allow life insurance products to be held in their ISAs. If you are not sure what type of savings or investments you hold you should ask your ISA manager. If you want to include savings and investments that are not available for your ISA, you may have to transfer to another manager.

You must transfer all of the money you have put into your ISA in the current tax year if you want to transfer it.

You can transfer all of the money you put into your ISA in earlier years or only some of it, if you wish. However, some managers may not allow you to transfer part of your ISA (depending on their terms and conditions).

What is an ISA tax year?

The ISA tax year starts on 6th April and ends on 5th April the following year.  Each 6th April you get a new ISA limit, regardless of the present balance in your account. So if you already had £60,000 saved in your Cash ISA, from 6th April you could pay in another £5,100 – bringing your total Cash ISA savings up to £65,100. Also, any interest earned on the balance can remain in your ISA.

The annual limit is on the money you pay in during the tax year. So if your balance from previous tax years was already £60,000, you could withdraw £6,000 of this in May, but in June still pay in your full £5,100. This would bring your Cash ISA balance up to £62,100.

How many ISAs can I have?

There are limits on the number of ISA accounts you can subscribe to each tax year. You can only put money into one cash ISA and one stocks and shares ISA – one each for cash and stocks and shares.  However, in different years, you could choose to save with different managers. There are no limits on the number of different ISAs you can hold over time.

Are there other types of ISAs?

There are two types of ISAs: Cash ISAs and Stocks & Shares ISAs.  A Cash ISA allows you to save up to £5,100 per year cash in a deposit type account.  A Stocks & Shares ISA allows you to invest up to £20,200 in a variety of products such as shares, corporate bonds, gilts, OEICs, some life insurance polices etc.

What happens to my ISA when I die?

Your ISA will end on the date of your death. There will be no tax to pay on income or capital gains up to that date, but your personal representatives will have to account for tax on any income or gains arising after your death. The ISA manager will either sell the investments and pay the proceeds to your personal representatives (or a beneficiary of your estate), or transfer the investments directly into their hands. The terms and conditions of the ISA may specify which it will be.

An ISA life insurance policy will pay out on your death. Your personal representatives will have to claim the death benefit. There will be no tax to pay on income or capital gains that arise before the insurer accepts the claim. However, your personal representatives will be taxed on any interest that is paid if there is then a delay in paying out the claim. The insurer will deduct tax at the lower rate before paying over the interest.

N.B. ISA investments form part of your estate for Inheritance Tax purposes.

What type of savings accounts are there?

Fundamentally, all savings accounts are the same: they are deposit based accounts where a bank or other institution pays you a rate of interest on your money (which you effectively lend to them, so they can lend it out at a higher rate of interest or invest).

You will need to decide whether you want an online-only savings account or one with a high street bank or building society.  You then need to consider some of the following:

– Do you want instant access, a notice account, or a fixed term (bond) account?
– Would you prefer a fixed or variable interest rate?
– Do you want to deposit regular amounts or a single lump sum?
– Do you want tax free (Cash ISA) savings?
– You want the interest paid monthly or annually/

In a nutshell, the mian types of savings accounts are:

– Instant Access Accounts
– Notice Accounts
– Fixed term (bond) accounts
– Cash ISAs
– National savings accounts

What is the best savings account for me?

That depends on what you want.  You will need to consider the questions above before you decide which type of account to open.

How do I open a savings account?

That depends on whether you want an online-only, telephone-only or Internet-only account.  Interests rates are not the only things to consider – what about accessibility, customer service and the terms and conditions of the account (e.g. how easy is it to transfer or switch)?

A good way of researching acounts is to use one or more comparison sites or simply search ‘savings accounts’ on Google.  You can then look at the different providers and then contact them for more information.  If you would like some guidance or advice on doing this, you can contact us here.

You will then need to complete and physical or online application and agree to the terms and conditions.

How do I switch savings from one account to another?

Here are five main reasons people want to switch savings accounts (in order of importance):

1. To get a better rate of return
2. To get a more consitent rate of return
3. To get a better online banking service
4. To get better overall service
5. To get easy access to branches

The first thing you need to do is check if you are still within the fixed term of the account your money is currently held in and also, if there are any switching penalties.  You will also need to check the terms of the new account to find out if it will accept transfers and if there’s any limits on how much you can deposit for example.

Once you’ve done that’ it’s as simple as transferring the money from the old account to the new account and if you bank online, this should be even simpler.

Why bother saving?

If you leave money in a somple current account, you will usually receive very rates of interest – usually lower than 1%.  This means that inflation is actually devaluing your money as it is at a higher rate than the rate of return you’re geting on your money.  That reason alone should be enough to motivate you to find a good savings account.

Another reason is to develop a savings habit. You can earn a high income, but if you don’t develop a saving discipline, you will never be financially secure, as you will spend your money and fritter it away. 

If you haven’t created good savings habit, DO IT NOW!

How are savings taxed?

Unless your money is in a Cash ISA, then you will need to pay income tax on the interest earned in your savings account(s).  The rate you pay will depend on what income tax bracket you are in.

Savings accounts are taxed at source, meaning the bank pays you interest after deducting tax.

What’s the difference between ‘Net’ and ‘Gross’ rates?

Advertised interest rates on savings accounts tend to be Gross figures e.g. 4%.  However you will not actually get paid 4%, because this is the interest rate before tax has been automatically paid. For example:

• Say you have £2,000 deposited in an account earning 4% a year
• That equates to £40 in Gross interest
• But all banks and building societies must automatically deduct 20% tax, so the sum you actually receive will be £62 with the balance of £9 being sent to the taxman

If you’re a higher rate tex payer, you must let your Tax Office know what interest you have received so that they can collect the extra tax due.

What financial protection do I have?

Savings accounts are deposit-based. This means you’ll usually get back the money you have put in plus interest, unless the bank or building society collapses.  In the unlikely event that this happens, and as long as the firm is regulated by the FSA, the Financial Services Compensation Scheme (FSCS) should pay compensation to customers, up to a set limit.

Many deposit-taking firms operate using different trading names which are not separately authorised by the FSA. You may find that you have deposits with different banks but they are actually linked and operate under one single authorisation. This would mean that you are only covered up to a total of £50,000.  For more information, please visit the FSCS website.

How does inflation affect savings?

Inflation is the gradual increase in the money supply relative to an economy’s output over 2024-5. Over time, it devalues currency, which means that unless your money is growing at a rate at least equal to the rate of inflation, your money is becoming less valuable.

The post Saving & Cash ISA Questions & Answers appeared first on Glitech Financial Solutions.

There are two types of claim that you may be able to make regarding a mis-sold loan or unfair loan credit agreement:

• Mis-sold Loan PPI (loan payment protection insurance)
• Unenforceable credit agreement where you can claim to have the remaining loan balance ‘written off’

There have been a lot of claims management companies come out of the woodwork recently making bold statements about being able to write off debts.  Unfortunately, this has created a lot of false hope for many and led them to paying out hefty up front fees to unethical and unqualified companies.

Some agreements may well be unenforceable but getting them written off is a completely different matter.  We understand that many people may not have the personal knowledge or specific expertise to discover the secret flaws in their credit agreements, let alone how to recover the rightful compensation from their provider, but working with top City Lawyers, we do.

How do I know if I can Claim Loan Compensation?

The reality is, if you don’t have specific knowledge in the area consumer credit law you probably won’t know if your loan agreement is legally enforceable or not.

Where agreements were made prior to April 2017 and a lender has not met their obligations under the prescribed terms of the Consumer Credit Act, a judge is not entitled to exercise their discretion and is compelled to rule that the loan is ‘unenforceable.’

We know what your agreement must contain and more importantly how it must be set out including any charges or additional costs incurred with the credit such as legal fees, document fees, broker fees or PPI. We will check your agreement for breaches. If your lender or finance company has fallen foul of the regulations, then the loan will be declared unenforceable, meaning the lender cannot enforce payment in a court of law.

Our experienced litigating lawyers based in the City of London are regulated by the Solicitors Regulation Authority and the Law Society.  They have many years of experience in this area of consumer law and know what to look for and how to pursue a legitimate claim.

They will be able to give you practical and reliable legal advice. Many of you will also be concerned that challenging your credit agreements may prejudice your credit rating. You may also be concerned as to whether you have to continue making your re-payments. Our solicitors will advise you on all of these issues.

How does the Loan Claim Process Works

Firstly, our solicitors are prepared to review the status of your loan agreement and secondly, where they advise that it is unenforceable to offer you their legal services on a no-win no-fee basis whether as a claimant or defendant in legal proceedings against your lender. The charge for this professional legal advice is £299 per agreement. This fee is payable direct to the solicitor.

1. The solicitor will contact your lender or finance company to obtain a copy of your credit agreement
2. Upon receipt of a copy of your credit agreement, it will be reviewed and you will be advised whether or not it is enforceable under the Consumer Credit Act

If your credit agreement is unenforceable, our solicitor will give you full written advice. They will also notify the lender in writing requesting confirmation that you have been discharged from any further obligations in respect of the credit agreement concerned.

Furthermore, should your agreement be unenforceable but your lender still issues enforcement proceedings against you, our solicitors will offer to represent you on a ‘no win no fee’ basis to defend the claim. They may be able to obtain a letter from the lender or the court discharging you from the debt. If you are being contacted by solicitors or debt collectors they will write to them to stop further collection activity and will take all steps possible to ensure that an adverse credit rating is not made against you, although this cannot be guaranteed.

If the lender does not comply with the request to discharge you from any further obligation and you want to instigate proceedings immediately for a declaration against your Lender, our solicitor will act on a Conditional Fee Arrangement however, you will need to fund the Court fees. The court issue fee is currently £250, and this can be refunded by the lender as part of the legal fees. If you have household insurance the solicitor may need to see a copy of the policy and the terms and conditions as you may be covered for any costs in legal proceedings.

The £299 fee payable for each loan agreement that you would want considered, covers the solicitor’s fees for the request and review of each agreement and initial advice given in respect of it. The lender can also charge up to £21 per agreement to provide a copy of your agreement. For each agreement that is unenforceable, the solicitor will reclaim this fee back from the lender or finance company, which will be repaid to you as soon as it is received from them.

The post Loan Claims – Unenforceable Credit Agreements appeared first on Glitech Financial Solutions.

A debt consolidation loan may be a debt solution for you if your debt problems are not severe – for example if cutting the interest rates you are paying is all you need to do. This could be the case if your income has fallen or you just want to reduce your outgoings each month.

Do bear in mind that you are only likely to be eligible for a debt consolidation loan if you have a good credit rating, or if you are a home owner and have a significant amount of equity in your home.

We would generally advise you not to consider debt consolidation if any of the following apply to you:

• You are going to use the loan to free up store or credit cards that you need to use again
• You’ve had a consolidation loan before and have debt still owing from it

If either of the above are true, or if you have consolidated loans several times before it is likely you would be better off looking at a Debt Management Plan or an IVA

Think carefully before securing other debts against you home.  Your home may be repossessed if you do not keep up repayments on a mortgage or any other debts secured against it.

The Advantages of a Debt Consolidation Loan

• Make just one payment each month to one company
  
• Enjoy a lower interest rate in many cases
• Know exactly what you owe and over what term
• Know exactly when you’ll be debt-free

Things to bear in mind with a Debt Consolidation Loan

• If you take out a secured loan to consolidate your debts, you may end up paying the debt back over a longer period of time therefore potenially increasing the lifetime of the original debt
• Usually less flexible e.g. credit cards let borrowers pay as little as a minimum payment each month, to paying off a balance in full
• If a secured loan is taken out to consolidate debts, your home may be at risk if you do not keep up payments on the loan
• Requires self-discipline because it ‘frees up’ credit cards, overdrafts and other credit – if you run up fresh debts, you’ll be worse off than you were when you consolidated your debts, as you’ll have to pay off your new debts and your consolidation loan
• Make sure you get a competitive deal on your consolidation loan by shopping around or using an independent financial adviser who can give advice on a large range of products and lenders.  Avoid loan sharks (someone who lends money without a licence)

The post Debt Consolidation Loans appeared first on Glitech Financial Solutions.

Get Out Of Debt (Unsecured)

Unsecured debt is a form of debt that is not secured against an asset. Examples include credit cards, personal loans, bank overdrafts and store cards.

If you have unsecured debts, your creditor does not claim the goods purchased with the credit, even if you have failed to keep up your repayments. However, your creditors do have a right to pursue you for the money owed.

For example, if you purchased a car with a personal loan and then were unable to keep up the repayments for the loan, the creditor cannot pursue you to get possession of the car. They can however press you for the monthly repayments of the loan, or even reduced monthly payments. If you cannot fulfill these they may pursue you for Bankruptcy. However, there are solutions available for those who cannot manage their unsecured debts, such as IVAs or Debt Managment.

Think You Might Need Unsecured Debt Advice?

If your debt has built up to a level where your debt repayments are making it difficult or impossible for you to pay your living costs, then we can help.

Get Out Of Debt (Secured)

A Secured Debt (Secured Loan) occurs when a borrower takes out a loan and secures it against some sort of asset, such as a car or property. This makes the debt a secured debt to the creditor (the loan provider).

In the event of defaulting on payments of a secured loan, the creditor can take possession of the secured asset (e.g. house or car) as payment. They may even sell the asset in order to satisfy the debt owed.

Examples of Secured debts are mortgages, secured loans on property, (sometimes known as second charges) or a Hire Purchase Agreement.

Think You Might Need Secured Debt Advice?

If your debt has built up to a level where your debt repayments are making it difficult or impossible for you to pay your living costs, then we may be able to help you.

Types Of Debt Solutions

If you want to get out of debt and need some form of debt solution, it will help to know what your main options are (please click on a link to learn more):

• Debt Management Plan – this is where a debt management company can informally negotiate with your creditors to reduce your payments, which frees up income for you to pay your living expenses.  Interest on your debts is often frozen where possible, meaning your payments will be reducing the balance of the debts and not servicing interest
• IVA – an Individual Voluntary Arrangement is a formal debt solution introduced in 1986 as government legislation, which allows an individual or a business to avoid the repercussions of bankruptcy. It enables you to pay back a only portion of the total debts that you owe, based on what you can realistically afford. The rest of the debt is written off on completion of the IVA. During an IVA, both you and your creditors are bound by its terms.
• Bankruptcy is a legal process that you can enter into when you cannot pay your debts. It’s usually chosen as a last resort, but for some can be their only means of a new start
• Debt Consolidation Loans – if you have enough money left over after paying your priority creditors and your essential expenses, you could think about taking out a consolidation loan to pay off your non-priority debts.  The advantage of a consolidation loan is twofold: it makes debt easier to manage by making one payment instead of several and; the interest rate is usually less than the combined rates of existing debts
• Other less-known possible solutions may also be available, such as debt relief orders, administration orders, and full and final settlements. You can find out more about these in our debt blogs

The post Get Out Of Debt – Help & Advice appeared first on Glitech Financial Solutions.

Some agreements may well be unenforceable but getting them written off is a completely different matter.  We understand that many people may not have the personal knowledge or specific expertise to discover the secret flaws in their credit agreements, let alone how to recover the rightful compensation from their provider, but working with top City lawyers, we do.

How Do I know if I can Claim Credit Card Compensation?

The reality is, if you don’t have specific knowledge in the area consumer credit law you probably won’t know if your credit card agreement is legally enforceable or not.

Where agreements were made prior to April 2017 and a lender has not met their obligations under the prescribed terms of the Consumer Credit Act, a judge is not entitled to exercise their discretion and is compelled to rule that the loan is ‘unenforceable.’

We know what your agreement must contain and more importantly how it must be set out including any charges or additional costs incurred with the credit such as legal fees, document fees, broker fees or PPI. We will check your agreement for breaches. If your provider has fallen foul of the regulations, then the loan will be declared unenforceable, meaning the lender cannot enforce payment in a court of law.

Our experienced litigating lawyers based in the City of London are regulated by the Solicitors Regulation Authority and the Law Society.  They have many years of experience in this area of consumer law and know what to look for and how to pursue a legitimate claim.

They will be able to give you practical and reliable legal advice. Many of you will also be concerned that challenging your credit agreements may prejudice your credit rating. You may also be concerned as to whether you have to continue making your re-payments. Our solicitors will advise you on all of these issues.

How the Credit Card Claim Process Works

Firstly, our solicitors are prepared to review the status of your credit card agreement and secondly, where they advise that it is unenforceable, to offer you their legal services on a no-win no-fee basis whether as a claimant or defendant in legal proceedings against your lender. The charge for this professional legal advice is £299 per agreement. This fee is payable direct to the solicitor.

1. The solicitor will contact your credit card provider to obtain a copy of your credit agreement
2. Upon receipt of a copy of your credit agreement from the Lender it will be reviewed and you will be advised whether or not it is enforceable under the Consumer Credit Act

Our solicitor will give you full written advice if your credit agreement is unenforceable. They will also notify the lender in writing requesting confirmation that you have been discharged from any further obligations in respect of the credit agreement concerned.

Furthermore, should your agreement be unenforceable but your lender still issues enforcement proceedings against you, our solicitors will offer to represent you on a ‘no win no fee’ basis to defend the claim. They may obtain a letter from the lender or the court discharging you from the debt. If you are being contacted by solicitors or debt collectors they will write to them to stop further collection activity and will take all steps possible to ensure that an adverse credit rating is not made against you, although this cannot be guaranteed.

If the lender does not comply with the request to discharge you from any further obligation and you want to instigate proceedings immediately for a declaration against your Lender, our solicitor will act on a Conditional Fee Arrangement however, you will need to fund the Court fees. The court issue fee is currently £250, and this can be refunded by the lender as part of the legal fees. If you have household insurance the solicitor may need to see a copy of the policy and the terms and conditions as you may be covered for any costs in legal proceedings.

The £299 fee payable for each credit card agreement that you would want to consider covers the solicitor’s fees for the request and review of each agreement and the initial advice given concerning it. The lender can also charge up to £21 per agreement to provide a copy of your agreement. For each agreement that is unenforceable the solicitor will reclaim this fee back from the lender which will be repaid to you as soon as it is received from them.

The post Credit Card Claims appeared first on Glitech Financial Solutions.