The fact that you have paid off these mortgages does not stop you from claiming compensation. We can actually go back to the early 1980’s as long as you have the account number for the mortgage and the lenders name. The clock for claiming does not start until the solicitors start to make the claim advance to your ex-lender or provider.

I would like you to go to http://www.finance-claims-checker.com and send us your details. On receipt of your details we will call you to discuss the mortgages that you have and to see if you have any possible claims. If you do have any possible claims then we will send you an authorisation form for you to sign and complete with two copies of proof of your address and a cheque for £10 made payable to your lender.

At this stage we cannot say for sure until the solicitors are in receipt of the actual mortgage documents from your lender, whether or not you will have a claim for certain. Apart from the initial charge of £10 for the lenders to send their documents to the solicitor there is no other charges that you will incur.

The solicitors will ask your lenders to submit all your mortgage documents to them for auditing and they will then audit your mortgage account details to see if the Mortgage Statements and the Charges you have been charged are acurate and that the Contract, Terms & Conditions are valid and that there is a claim for at least £5,000. The solicitors are generally looking for about seven different errors in the legal documentation alone. If at this stage the Solicitors find that there is a claim for compensation of more than £5,000 then they will inform you by post and arrange to have their legal documents and contracts delivered to you for signing and approval.

The case for compensation can take from 6 month to 2 years for a claim to be completed. If the mortgage is found to be absolutely invalid then the solicitors will be looking for the total mortgage amount that was originally borrowed to be compensated back to you and any monies paid as well as any interest incurred during the term of the mortgage and since the mortgage was repaid. This can be substaintial in cases that go back some time.

Jo, I hope this answers your question and I should also say that the above procedure is for all Loans as well .(for example: car loans, caravan finance, homeowner loans, secured and unsecured loans) If you have any further questions then please do come back here or as I said earlier go to our website http://www.finance-claims-checker.com and submit your details.

I have several mortgages which are paid off now. Can I claim for these and what am I likely to get in compensation. I have the account numbers.

As for Mrs F she choose to negotiate £4,000 off her credit cards. She should have hung in there! So I think the answer to your question is yes in both cases.

We first started submitting credit cards, loans and mortgages in April and it can take up to six months for a result to be realised for credit cards and up to 18 months for mortgages.. The information I am getting is that we should have many more results towards the end of June and into July and yes you will hear it first here on my blog.

In a few days I will tell you about my own loans and credit cards that have entered the process of being written off back in April.

David, I feel from the comments that you have made in the last 48 hours that you may want to talk to us about your own personal situation and whilst I encourage you to use my blog; sometimes it is just easier to talk to someone. Why not go to http://www.finance-claims-checker.com and complete the online form and we will call you back within 24 hours.

David J

Possibly he did not like their 30% commission on completion and the completion charge they wanted. You see we are honest and open about our charges. We do charge an upfront fee of £495 for the first credit card and then £295 for any further credit cards. We do not charge any further fees, which mean that we provide a service that is free of any back end completion charges or 30% commission charges.

I believe Martin has heard and he knows that this is a complex issue for him to champion a “Do it Yourself Package” for the public. Maybe he cannot pass this on to his followers due to the legality, complexity and the lack of understanding of legal matter most of us have. After all we use litigation solicitors, who are qualified, time served, knowledgeable and experienced in understanding the laws of consumer Credit Act 1974, 2006 and the other associated finance laws. Our solicitors will if required take advice from Barristers and if need be they will seek Queens Council advise on issues. This is something that most of us could not afford to do if we were doing this for ourselves, not to mention the time it would consume.

How long does this process take, as a rough guide you are looking at three to six months for credit cards and possible up to eighteen months for loans and mortgages.

With reference to why there is a fee that is payable upfront; well there are many costs incurred like administration costs, marketing costs, solicitor initial time and other costs that need to be paid for just so that people like you and me can find out about “How to clear our Credit Cards Legally and having an infrastructure in place costs money.

David

We use two different companies for submitting credit cards and mortgages; the reason for this is that the companies and solicitors we recommend do not charge you 30% of your compensation award from your finance provider. You receive 100% of your compensation awarded; the solicitors are paid by the finance providers.

Every credit card, loan and Mortgage needs to be checked over with our partners and solicitors, so I am not able to say whether you have a possible claim or not at present. When we call you back after you have left your details on http://www.finance-claims-checker.com we would need to take a few details from you and pass them on to our partners and solicitors. They will then call you to check the details given and to discuss dates, amounts, etc.

A few days later when your details have been checked and verified by the solicitor we would ring you to discuss the status of your finance agreements; as to whether or not we can help you or not.

At this stage you would be asked if you wish to proceed or not. If you decide to proceed then you be asked to pay £495 for your first credit card. If you were paying for a second card you would be asked to pay £295 for that credit card and any subsequent cards thereafter.

Your thoughts and comments are welcome. Just click on the comments button, highlighted in red or blue at the bottom of this blog.