Unenforceable Credit Card Agreement

[desperatecreditcard]

This is my first time, so I do not even know what I am doing but I am so desperate for help I am just going to post this messages and see what happens??? (Sorry)

My hours at work was cut down from full-time to part-time and before I knew it I had a Barclaycard with a balance of £8100.00 (I've had this card since February 2006) and whilst applying for a loan of £10 000 to consolidate my debts into a lower monthly payment, I was refused due to me already using 95% of my credit available. So instead of helping me this totally made it worse, my credit rating was lowered due to the loan application and therefor I have now received a letter from barclays stating that they are raising my rate from 17.9 to 24.9, I phoned them and explained that I cannot afford it but after even emailing Barclays they are still not willing to help or give me an other option or help.

Which brings me to my actual question: UNENFORCEABLE CREDIT AGREEMENT
I have seen numerous companies that will get your balance written off or no fee?
Would I qualify?
Is it worth it?
Has anybody been successful against Barclays?
How long does this process take?
Basically where do I start?

Or am I better of paying 24.9%

I hope I am making sense and I am desperate for advise and help on what to do and where to start

Thank you for your time

[Curlyben]

Re: Unenforceable Credit Card Agreement

If you want to pay a CMC a large upfront fee, upwards of £500, then go for it.
Have you explained your situation to Barclaycard and asked them to freeze interest for a period of time while you work through this ?

Also have you approached any of the charity debt management companies, namely CCCS and Payplan ??

If you want to see what the process entails have a look at this sticky: ~~~ Consumer Credit Agreements - A Guide ~~~~ inc. Letters - Legal Beagles

[Amethyst]

Re: Unenforceable Credit Card Agreement

Hiya

Welcome to the site.

There are other options than going down the unenforceable credit agreement route, it is more likely the agreement is enforceable than not, so I think you should start looking at managing the debt alongside sending the CCA letter which Curly has linked to above.

Can you give me a better idea of your circumstances and complete an Income Expenditure form then either post it here, or email it to me Admin@legalbeagles.info. Then we can have a look at your other options too

Or as Curly says, give CCCS a buzz and talk to them, they might take a while to get an appointment through so if you want to talk about anything before then please feel free to ask

Ame
xx