Welcome to CheckerBy completing a simple questionnaire you can find out whether your Credit Agreement complies with the law – It may be invalid and you might be entitled to compensation. |
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| The law |
| Checker system |
| Copy agreement from lender |
| Complain to your lender |
| Alternative Dispute Resolution |
| View sample checker report |
| Court of Appeal cases |
| Reference library |
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Do you have a Credit Agreement ?
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Back in 1994 the founder of FAS identified that his bank was overcharging his business account with interest and charges. It took 12 months of hard negotiation before the bank eventually paid compensation of £15,000. This success lead to the formation of a business which has since audited more than 1,400 bank and mortgage accounts for people. Gaining compensation and resolution for people from their lender has become the objective of the business and it is now recognised and respected by regulators and lenders alike.
Regulated Credit Agreements Our man in the street expects a loan contract to be open, fair and transparent. He has no in-depth knowledge of the contract terms he is asked to sign and is normally only concerned with one thing: his ability to meet the monthly repayments. FAS was formed in 2005, it's primary purpose being to make people aware of their rights, and that lenders don't necessarily play by the rules. It has become apparent that many lending institutions fail to produce regulated credit agreements that comply with the law. We have developed software known as Checker which is the product of a number of years of study and research into the Consumer Credit Act 1974 together with its Regulations and related enactments. Checker is accessed over the internet and produces comprehensive reports that identify breaches of the regulations that are inherent to most credit agreements. The reports can be used as evidence when making claims or seeking resolution. We have built a team of experts in the field of consumer credit related issues and we have an excellent relationship with Trading Standards (enforcement body of the Office of Fair Trading). We have partners that are expert in a number of related financial services such as Debt Management, Auditing, Accounting and specialist legal and claims practises. We do not advocate that people can tear up their agreement and walk away from their responsibility. We have simply developed a device to help redress the imbalance between the almighty lending institutions and the man in the street. Checker simply allows a borrower to effectively, easily and inexpensively access his rights and come to a fair and sensible compromise with his lender where appropriate. Lenders are quick to come down on the man in the street if he defaults - Checker simply enables the borrower to turn the tables. Checker has been endorsed by leading Counsel as being factually correct and up to date with current legislation. |