Consumer Credit Support  
Bailiff Advice Online

Go Back   Consumer Credit Support > Media Coverage
FAQ Members List Calendar Mark Forums Read

Thread Tools Display Modes
Old 29-04-2010, 04:06 PM
dpick's Avatar
dpick dpick is offline
Senior Member
Join Date: Jun 2007
Location: Middlesbrough
Posts: 849
dpick will become famous soon enoughdpick will become famous soon enough
Default tThe rankine's again.

Reply With Quote
Old 30-04-2010, 07:46 PM
happyhour's Avatar
happyhour happyhour is offline
Super Moderator
Join Date: May 2007
Location: Close to the edge
Posts: 2,734
happyhour has disabled reputation

They got too cocky didn't they?.....and put us one step forward and two steps back
I'd hate to be a teetotaller. Imagine getting up in the morning & knowing that's as good as you're going to feel all day.


I am always happy to give my time, advice and support without prejudice and based only on my own experience and knowledge, however, you must seek legal counsel if you are at all unsure of your claim......

Please do not publish my posts elsewhere without my express permission beforehand. Thank you!
Reply With Quote
Old 01-05-2010, 07:19 PM
nattie nattie is offline
Senior Member
Join Date: Jun 2007
Posts: 368
nattie will become famous soon enoughnattie will become famous soon enough

Injunction secured against 'debt sale' firm

43/10 26 April 2010

The OFT has welcomed an interim Enforcement Order obtained by Birmingham Trading Standards against 'debt sale' company Momentum Network Ltd.

The Order, granted in Birmingham County Court, prevents Momentum Network Ltd, trading as Credit Card Killer, and its owners, Mr and Mrs Basil Rankine, from:

* engaging in the unfair commercial practice of 'debt sale' whereby consumers are offered the opportunity to 'sell' their consumer credit debts without the consent of the original creditor

* making misleading claims that they can, for example, make consumers 'debt free in 2 weeks by buying their debt for 1'

* carrying on ancillary credit business as defined in the Consumer Credit Act 1974.

This is an interim Order obtained under the Enterprise Act 2002 and will remain in place until 21 April 2011 or until a further order is made. Sanctions for breaching such an Order include being held in contempt of court, imprisonment or a fine.

Birmingham Trading Standards obtained the Order following an Illegal Money Lending Team investigation which revealed that the company's activities were causing significant detriment to vulnerable consumers. It has been estimated that customers of Momentum have paid over 1 million in up front fees for a 'service' which the OFT believes to be a scam.

Consumers are warned not to deal with companies, or agents working on their behalf, that claim to be able to buy debts without the consent of the lender, as this is not legally possible. Businesses that suggest otherwise are making clearly misleading claims.

Consumers who 'sell' their debts to one of these businesses run the serious risk that they will still be liable for their original repayment obligations, lose the money they paid and continue to be subject to debt collection activity and negative credit scoring associated with the original debt.

People concerned about bogus 'debt sale' companies can contact Consumer Direct for advice at


1. The Illegal Money Lending team is part of Birmingham Trading Standards and operates across five regions of England to investigate and prosecute illegal lenders. It is funded by the Department for Business, Innovation and Skills.

2. Birmingham Trading Standards obtained an interim Enforcement Order on 22 April 2010 from Birmingham County court under part 8 of the Enterprise Act 2002 which stops the company engaging in 'debt sale' activities and making misleading claims. The OFT is fully supportive of this action.

3. On 23 June 2009, the OFT issued a press release warning consumers not to be taken in by businesses claiming to help them become debt free by 'buying' or 'selling on' their debts.

4. The Ministry of Justice cancelled the authorisation of Momentum Network Ltd (Credit Card Killer) on 9 July 2009 to provide regulated claims management services under the Compensation Act 2006. Momentum appealed the decision of the regulator to the First Tier (Claims Management Services) Tribunal and that appeal is pending. The business did apply to the Tribunal for the decision of the Claims Management Regulator to be suspended but the Tribunal upheld the decision. The Tribunal decision is on the Tribunal Service website at
Reply With Quote
Old 02-05-2010, 07:19 AM
Dragonlady's Avatar
Dragonlady Dragonlady is offline
Join Date: May 2007
Location: Proud member of the CFC.
Posts: 10,625
Dragonlady has disabled reputation

We are trying to dig out the actual transcript of the hearing
Please remember we will edit posts that contain derogatory remarks, to protect the Site and the poster from retaliatory action by the banks et al.

Proud member of CFC
The more I learn about terrorism, the more I understand Banks, Credit Card Companies and DCA's
Advice & opinions of Dragonlady and the Consumer Credit Support Group are offered informally, without prejudice & without liability. I can only speak from MY experience and how I have handled my claims. If you have any doubts please seek the opinion of a qualified solicitor

My posts are not to be published anywhere else without my express permission

If we have helped you reclaim your charges please consider a 5% donation to the site. All donations, large or small will help us to continue to help others.
Reply With Quote

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump

All times are GMT. The time now is 08:11 AM.

Powered by vBulletin® Version 3.6.7
Copyright ©2000 - 2020, Jelsoft Enterprises Ltd.
Consumer Credit Support