The victims of the unenforceable credit agreement business

There has seen an unusual increase in the number of mortgage brokers in search of debt management help for borrowers who had made attempts to challenge the enforceability of their credit agreements.

Thousands of people agreed to pay the fees to the companies engaged in the unenforceable credit agreement business because they were promised that their unsecured debts would be nullified, but in most cases the companies didn’t keep such promises, leaving a large number of people in even worse financial circumstances.

The position of the borrowers was aggravated not only because of upfront fees, but also because, as a rule, they followed the recommendations of the companies to stop making their repayments during the process of challenging their agreements.

Not only the borrowers suffered, many advisers, who decided to diversify to survive the credit crunch, started to get involved in the unenforceable credit agreement (UCA) business with honest intentions, only to find out in the long run that the companies they cooperated with were untrustworthy and their clients are now worse off.

Many of these brokers are now turning to debt management to regain the trust of their clients, to improve their damaged financisl position, and to find a new income niche for themselves.


The cultural transformations that have made people accept life in debt have had a direct impact on the approach youngsters take to money matters, which could lead to negative consequences in the long run as many of the next generation would resort to IVAs to cope with serious financial issues.

When we put efforts into our work and get paid for this, we get an amazing feeling of satisfaction. Our hard hard work seems to have been remunerated financially. We go shopping and buy the items we need and the items we simply want.