A new person has entered the market place selling a means to exist debt free in the UK, even if you signed a legally binding document.
His identity is protected but he runs a website called Debt-Free.
The underlying entity seems to be a LLC (Limited Liability Company) based in Wyoming USA.
The underlying position he uses to claim you can legally challenge any debt is that the entire world's banking system is just an illegal Ponzi scheme with no legal or constitutional basis and can therefore be ignored with impunity.
This is straight out of the sovereign citizen playbook. There are literally hundreds of cases heard by the US Courts which say that the ideas and "magic words" used by those running with this theory have no legal validity or credence.
It would appear that they are trying to sell the same nonsense in the UK. And I mean "sell". The costs can be a decent percentage of the debt - which will remain in place even if you use the magic words you have paid for.
I appreciate that being in debt is very stressful (been there - done that) and that in desperation you may be willing to try anything. But please don't get sucked into wasting money with this outfit.
If you are in debt and struggle, first speak to the lender/company you owe. You will find that they are often sympathetic and the better ones will have plans available. If that is exhausted go to Citizen Advice or Step Change - they are very helpful. If this is exhausted, speak with an insolvency specialist. There are many stages between being solvent and bankrupt and sese, like a debt relief order can be useful.
|  |
By continuing to use the site, you agree to our use of cookies and to abide by our Terms and Conditions.
