A debt management firm called Credit Issues has had some success in challenging credit card and personal loan balances by requesting “true copies” of the original agreement has proved a powerful and effective approach.Several rulings by various District Judges have vindicated that strategy and in most cases so far, those “true copies” have not been made available.So with no documentation forthcoming, a positive outcome for Credit Issues’ clients challenging the entire balance (whether they are being pursued by the original lending institution or the debt has been sold to a debt collection agency) is highly likely.    So far, they've successfully challenged in excess of £1.5 million for their clients and are on track to reach a target of £10 million worth of personal debt successfully challenged.

Even if those “true copies” actually do arrive, that doesn’t mean Credit Issues gives up challenging credit card balances!They recently negotiated a reduction of over 75% to a major Visa credit card balance after identifying an incorrectly stated APR in the agreement on behalf of a client in just those circumstances. However, in addition to achieving balance reductions and clearance, Credit Issues also seek to get back the sometimes excessive charges that have been applied to client accounts.

That’s especially been the case with MBNA, the credit card provider that is ultimately owned by Bank of America. Earlier in the year MBNA  categorically stated that they would not acknowledge or deal with companies such as Credit Issues,  however only a few short months later MBNA offered to negotiate every case on Credit issues’ books.

That change of heart by MBNA has proved very profitable for Credit Issues' clients and the extent of the capitulation by MBNA has surprised even them! In one case, they claimed £160 in extortionate charges - MBNA refunded all charges to the sum of £632.08.In another they tried to recover £75 in extortionate charges - MBNA refunded all £477.23 of charges.  Perhaps the most impressive was their  claim to recover £1,035 in extortionate charges on behalf of a client and to his delight MBNA refunded all the charges applied amounting to a grand total of £3,069.44.

So don't give up on using any legitimate tactic to reduce or write off your credit card debt.  You never know what bonuses you will get if you use a proven and professional debt management company.