Credit Card Killer - Buying Agreements

sohiab · 25th January 2009, 12:55

I have recently noticed that credit card killer is buying up credit agreements like a debt collection autolinker.com autolinking image

agency. Can anyone confirm how this would effect your credit rating?

Michael Browne · 25th January 2009, 17:17

Quote:

I have recently noticed that credit card killer is buying up credit agreements like a debt collection autolinker.com autolinking image

agency.

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

dvdriley · 25th January 2009, 17:21

the charges look confusing

dvdriley · 25th January 2009, 17:26

What costs are incurred?

Administration and Transfer Fee for all Credit Card Debts (Instant)
Each debt £349 per person
Plus a Debt Transfer Fee

10% of debt amount upfront or
20% of debt amount if more than one payment is made ‘contact us for full details’

so 10% of the debt and £349, why not jst of that to the finance company yourself

sohiab · 26th January 2009, 01:35

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

rory32 · 26th January 2009, 02:53

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

enamae · 26th January 2009, 02:56

Quote:

Originally Posted by sohiab

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.

rory32 · 26th January 2009, 02:57

Already reported enamae.

enamae · 26th January 2009, 03:05

Quote:

Originally Posted by rory32

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 · 26th January 2009, 03:11

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.

25th January 2009, 12:55	#1 (permalink)
sohiab Basic Account Holder Protect your signature with SignGuard Cagger since : May 2006 Posts: 66	Credit Card Killer - Buying Agreements 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?

25th January 2009, 17:21	#3 (permalink)
dvdriley Basic Account Holder eBay user? Find misspellings and zero-bid items Cagger since : Jul 2008 I am in: CHESHIRE Posts: 760	Re: Credit Card Killer - Buying Agreements the charges look confusing Last edited by pt2537; 25th January 2009 at 21:05. Reason: link removed

25th January 2009, 17:26	#4 (permalink)
dvdriley Basic Account Holder Worried about your signature being copied onto CCAs etc? Use SignGuard Cagger since : Jul 2008 I am in: CHESHIRE Posts: 760	Re: Credit Card Killer - Buying Agreements What costs are incurred? Administration and Transfer Fee for all Credit Card Debts (Instant) Each debt £349 per person Plus a Debt Transfer Fee 10% of debt amount upfront or 20% of debt amount if more than one payment is made ‘contact us for full details’ so 10% of the debt and £349, why not jst of that to the finance company yourself

26th January 2009, 01:35	#5 (permalink)
sohiab Basic Account Holder Worried about your signature being copied onto CCAs etc? Use SignGuard Cagger since : May 2006 Posts: 66	Re: Credit Card Killer - Buying Agreements 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 Last edited by saintly_1; 26th January 2009 at 09:11. Reason: removal of commercial link

26th January 2009, 02:53	#6 (permalink)
rory32 Royalties Account Holder Where else can you earn 8% interest on your money? Start your County Court claim NOW!!! Cagger since : Jun 2006 I am in: Scotland Posts: 13,918	Re: Credit Card Killer - Buying Agreements Not paying a credit card is highly likely to adversely effect your credit rating.

26th January 2009, 02:57	#8 (permalink)
rory32 Royalties Account Holder Worried about your signature being copied onto CCAs etc? Use SignGuard Cagger since : Jun 2006 I am in: Scotland Posts: 13,918	Re: Credit Card Killer - Buying Agreements Already reported enamae.

26th January 2009, 03:11	#10 (permalink)
rory32 Royalties Account Holder We need funds Please donate something Cagger since : Jun 2006 I am in: Scotland Posts: 13,918	Re: Credit Card Killer - Buying Agreements 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.