Do you have a current unsecured loan?

How would you feel if the outstanding balance could be cancelled 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 cancelled and the debt completely 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 Help4U Client review about the personal loans you have. The representative will then use Help4U’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 Help 4U'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.

But I agreed to and signed the contract?

While this is correct, the lender still has to maintain a fair relationship with you when producing the contract.

If a lender has produced a contract that is flawed, or an agreement where you are subjected to an unfair relationship with that lender, then you may be entitled to claim for financial redress. In most situations you did not have a choice of agreements from the lender, you only had the choice of one contract, a contract that was the responsibility of the lender.

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 contract 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.

Instructions - How do you get your unsecured loan reviewed?

Contact us at:
t: 0845 409 3520
f: 01772 200127
e: info@help4upreston.co.uk

Our representative will meet with you at a 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, which is refundable should your case be unsuccessful (subject to Terms and Conditions).

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.

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.