Personal Loan Claims
Do you have a current personal (unsecured) loan?
How would you feel if the outstanding balance could be written off and the debt completely cleared?
If you have a personal unsecured loan, with an outstanding balance of £1500 or more, you may be able to make a claim for the balance to be written off
by the lender.
When conducting a review of a personal unsecured loan our objective is to demonstrate that the contract is unenforceable. If this can be shown to
be true then the bank, building society, or other lender may have no legal basis on which to enforce the
contract and pursue for the outstanding balance. The balance may therefore be completely written off.
Could Your Personal Unsecured Loan Debt Be Cleared?
The primary objective of a personal loan claim is to show that the contract is unenforceable due to contractual irregularities.
This process starts with a discussion with a local representative of Cartel Client Review about the personal loans you have. The representative
will then use Cartel’s state of the art IT systems to submit these details to our underwriting (vetting) department who will establish whether there is a
potential claim.
By using a combination of Cartel Client Review's tenacious team of claims processors and the expertise of our recommended solicitors we will gather
all the necessary documentation from the lender and look to pursue a claim to clear the balance of the loan.
Why May A Loan Be Unenforceable?
When your loan contract was created, the lender had a responsibility to ensure that the contract ‘ticked all the correct boxes’ in terms of
legislation, laws, rules and regulations. If this was not done correctly then the contract may have irregularities and be unenforceable.
The process is described in more detail below. Click below to find out more about how the process works. Want to know if you have a potential claim? Complete
the enquiry form on this page and you will be put in touch with a local representative.
-
Review
A Cartel Client Review representative in your local area will introduce you to the claim service and explain how Cartel Client Review may be able
to help you make a claim to write off the balance of your loan. The representative will ask you for basic details of personal unsecured loans you may
have and introduce you to other Cartel services that may be relevant to you. Each potential claim will be entered onto our bespoke IT system by your
representative. No payment is required at this stage and you are under no obligation.
-
Underwriting (Vetting)
Our internal underwriting (vetting) department will assess each of the submitted applications. Where underwriting (vetting) believe there is a
reasonable chance of success a ‘yes’ decision will be made. Where underwriting (vetting) believe that a successful claim is unlikely
a ‘no’ decision will be made. On occasion a ‘possible’ decision may be returned. This often means that there is not enough
information about the lender's contracts to be able to make a firm assessment at this stage and sight of the information held by the lender is
required before a final assessment can be made.
-
Instruction
Our representative will meet with you at time and place of your convenience. It is the representative's job to ensure that you understand exactly
how we work and take you step by step through the paperwork. You decide which products you wish to proceed with.
The cost of an unsecured loan Client Review is £495, discounted to £175 if you are proceeding with another £495 product.
-
Investigation
In accordance with the provisions of the Data Protection Act, our processing team will now contact the lender to obtain your ‘client file
’, including the contract / agreement relating to the loan. Where the lender does not comply, an offence is committed and our solicitors
will use the full power of the law to obtain this file.
-
Solicitor
When we have recieved the client file, a further assessment of your case will be made and a specialist solicitor will be assigned where we still
believe you may have a successful claim. Your solicitor will build a case, based around contract irregularities, looking to obtain the maximum benefit
for you. While many cases are expected to be settled ‘out of court’, should the need arise to take the lender to court, our solicitors will
purchase, at their cost, a legal expenses insurance policy and obtain expert barrister's opinion where required.
-
Payment
For successful personal loan claim, a success fee of 30% of any amount recovered and/or written off by the provider will be payable. You will receive
(where applicable) a cheque for the remaining amount.
All initial discussions are at absolutely no obligation and we will not share your information or contact your lender until we have your full
instruction that you are happy to proceed.
Carl Wright on Radio 5 Live
Listen to Carl Wright's interview on the 5 Live Drive show.
What our clients have to say
We caught up with a few of our Cartel success stories to find out what they thought of the service.
Watch the videos now.
Where are our representatives located?
Our representatives are located throughout the UK (England, Scotland, Wales and Northern Ireland). Wherever you are located, a local representative
will be allocated to you for the duration of your time as a client.
Global Claims
Wherever you are within the world Cartel Client Review can help you run a financial claim where the product to be claimed against is UK based.