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Showing posts with the label consumer credit litigation

Consumer Credit - an Insiders Tale

We keep hearing reports of this area of law ('get your loan written off'', 'cancel my loan if over £7,000 and under £25,000 and before 2007', 'reduce my debt', 'clear my debt for life' etc.. etc..), being the new potentially big money spinner for a lot of law firms, and have been keeping track of recent developments. A candidate has recently sent us the following feedback from working for one of the operators in this field..."I had been working for x Solicitors who are linked to a claims management firm. As I worked there it became increasingly obvious that there was a lack of independence for us to advise our clients as to the strengths and weaknesses of their claims. Many files did not have claims at all but we were actively discouraged from telling clients upfront that there was no defect in the agreement. Management asked us to advise clients whose files had weak or very poor legal arguments that their files were being sent for further inves...