Credit Card Killer - Buying Agreements

[sohiab]

I have recently noticed that credit card killer is buying up credit agreements like a debt collection agency. Can anyone confirm how this would effect your credit rating?

[Michael Browne]

I have recently noticed that credit card killer is buying up credit agreements like a debt collection agency.

Where exactly have you noticed this? Can you give any examples or links?

[sohiab]

EDIT

 

I think the benefit here is it's instant and liability transfers to them so you can wash your hands of any debt. Though I wonder how this would effect your credit rating and how the lender would respond to this.

 

 

 

Edited to remove commercial link

Edited January 26, 2009 by saintly_1
removal of commercial link

[rory32]

Not paying a credit card is highly likely to adversely effect your credit rating.

[enamae]

 

I think the benefit here is it's instant and liability transfers to them so you can wash your hands of any debt. Though I wonder how this would effect your credit rating and how the lender would respond to this.

 

link needs removing as leads to a commercial site.

Edited January 26, 2009 by enamae
realised left link in

[rory32]

Already reported enamae.

[enamae]

Already reported enamae.

 

how about post 6 . He's posted 8 links so far.I've reported to site but no one is on at the moment.

[rory32]

I reported that as well. It is fairly late in the night and the people who moderate the site do do it in their spare time. It is not a paid position.

[Guest Andy1969]

I used the services of Basil Rankine and Momentum Networks Ltd t/a Credit Card Killer costing me £5k as at the time I saw no way out and was advised by my IFA and his Agent that this was legal and an alternative to other debt management services.

 

Well its now nearly 12 months later, I hear nothing from them and havent done for more than 6 months. Companies House states the company is no longer trading despite reciving millions through their agency set-up and I'm still responsible for all debts and my credit files couldnt be any worse.

 

I was stupid to trust these people, dont make the same mistake, if it it sounds too good to be true, it is.

 

These people have no idea how to run a business and I'm reporting them to Fair Trading and the police for fraudulant activity.

 

p.s. They are now stating that all previous services are withdrawn, yet no sign of my money back.

[pt2537]

Liversidge v Broadbent [1859] - A debtor cannot relieve himself of his liability to his

creditor by assigning the burden of the obligation to some one else. Novation

required, not assignment.

 

 

Maybe you might have an action in tort against them, depending on your circumstances, for negligent misrepresentation,

[sillygirl1]

Above poster seems to be based in the USA and could be a troll... reported post to moderators.

[sequenci]

Above poster seems to be based in the USA and could be a troll... reported post to moderators.

 

Thanks

[pt2537]

Hey Hey Seq

 

Jus popping in, High Court found in our favour

 

will explain more when judgment is handed down

[sequenci]

Hey Hey Seq

 

Jus popping in, High Court found in our favour

 

will explain more when judgment is handed down

 

Hey mate, hope you're well. Looking forward to it!

[Guest Andy1969]

Well, well, what a surprise - I found someone else who used Credit Card Killer they ended up in court with one of their creditors and despite Basil Rankines assurances that he would be there to support everyone in court. He nor anyone else from Momentum Networks Ltd t/a Credit Card Killer turned up... luckily neither did Barclay Cards lawyers, but the hearing was simply postponed.

 

If you can get out of an agreement yourself, do it - DO NOT DO AS I DID and use the services of Momentum Networks Ltd t/a Credit Card Killer and Mr Basily Faulty, you'll just make Robin Hood richer and you'll be in even more debt.

[pt2537]

Hey mate, hope you're well. Looking forward to it!

Court of Appeal found for us too lol

[Guest Andy1969]

Well done, you clearly didnt use the services of Momentum Networks Ltd t/a Credit Card Killer... check out their website, it even states they no longer sell previous services. Very probably due to the injunction found against them my the OFT. oft.gov.uk/news-and-updates/press/2010/43-10

[pt2537]

Well done, you clearly didnt use the services of Momentum Networks Ltd t/a Credit Card Killer... check out their website, it even states they no longer sell previous services. Very probably due to the injunction found against them my the OFT. oft.gov.uk/news-and-updates/press/2010/43-10

hell no,

[Guest Andy1969]

In which case - congratulations and I hope to follow in your footsteps in the next year.