Cartel Client Review and partner Solicitor firm Consumer Credit Litigation Solicitors have both been shut down by their regulators this week.
The Solicitors Regulation Authority and Ministry of Justice took the action on the grounds of “suspected dishonesty”.
Cartel Client Review had been charging customers up to £495 to review their personal loans, mortgages and credit cards with a view to having the debts written off, if the review showed the customer did not have a case Cartel promised to refund the money back.
It is reported that some 70,000 people had paid upfront money to Cartel Client Review, this is said to have totalled over £20 million. A very high percentage of Cartel’s customers have had nothing in return for their money and now face losing the payment altogether.
Anyone who paid the Cartel Client Review fee by credit card can “chargeback” the transaction and will be able to obtain a refund through the credit card company.
As well as handling claims for unenforceable loans Cartel Client Review and partner law firm Consumer Credit Litigation Solicitors or CCLS also handled other types of financial mis-selling claims, such as payment protection insurance.
There are now thousands of people left in the lurch, not only have they likely lost any money they have paid to Cartel Client Review but their cases have not been concluded either, customers are simply being told to find another Solicitor.
Pinto Potts Solicitors have set up a helpline offering anyone who was making a payment protection insurance who has been affected by the closure of Cartel Client Review and Consumer Credit Litigation Solicitors free initial legal advice, more information from the Pinto Potts website here.
It may be harder to find a Solicitor to take on an unenforceable loan case as very few firms handle them and there is much doubt about the credibility of such claims.
Tags: Cartel Client Review, CCLS, Consumer Credit Litigation Solicitors
The only surprise is that it took that long for Cartel to be shut down. Unfortunately the solicitors and the barristers have a lot to answer for as they led the whole industry up the garden path.
Wow, this is big news. I guess it’s for the greater good – less people will be scammed out of their money now.
Brilliant crooks of the century, under cover of a good name, played on the trust of ordinary people. But every experience is also experience, and people will now think first before you pay your money:)) There are no precise guarantees.
I understand this company has reformed under the name grassroots.how can this be can anyone confirm