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Old 31st October 2008, 02:27 PM   #1
ZOXOZOXO
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Question Clearing People's UK Credit Card Debts

My name is Chris, I have a small Shoe Shop, and have been presented with a new business opportunity, to help supplement my income and ride out the current down turn in trade.
This involves Clearing people's Credit Card Debts, using the existing UK Consumer Credit Act Legislation, and by following a set procedure list.
The process seems simple enough, however payment from the Customer does not come through for Six Months. This is the timescale it takes for the Banks to write off the debt.
Is anyone in this line of work, and is it any good?

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Old 17th November 2008, 01:23 PM   #2
Nutty
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I watched something on the TV about this last week, a couple who had cleared off much of their debt, however, they managed to clear 100,000 of debt but had a verry similar fee in lawyers, courts bills by the end of it, they might as well have just paid off their debt.

There is also a LOT of companies in Spain (where I live) who are starting new companies offering a similar deal to help people get out of debt, however, many of these are scams and where there is this doubt about whether a company is a scam or not could cause problems and lots of headaches.

I have yet to meet a company offering this service that isn't a scam, I know they are out there but I have yet to meet one - living on the "Costa del Crime" doesn't help though, makes it more likely for me to meet a scam rather than a legitimate company.

Now the laws have been lifted and extradition from Spain is more likely than it was before for the criminals, the coasts of Spain should return to some normality in a few years - happy days

Whether this is something you can do in your spare time is debatable, do you have to pay to join this company in order for you to start earning money?

If so, I would stay away, that would straight away make me wonder what I am getting myself into.

Clearing Credit Card Debts would surely require more knowledge than a list of procedures to follow? And waiting for 6 months for your money is a long time to wait, are you prepared to do 6 months work before getting paid?

Don't mean to be really negative but wanted to ask those questions in case you had not thought about that before now

Good luck and make sure you don't get scammed and waste all the profit you are making with your shoes!

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