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Corrie star’s claims firm closes

Ratio Money, the claims management firm where Coronation Street actor Mike Le Vell’s worked as a director until recently has ceased trading.

Le Vell, who plays Kevin Webster in Coronation Street joined the firm in April 2009, but is listed on Companies House as leaving the firm on March 19.

Leonard Curtis Insolvency Practitioners is acting on behalf of the firm and it is not known yet what will happen to clients’ claims.

When Le Vell joined the firm last year he said that: “Thousands of people are suffering hardship and stress from unfair credit agreements and substantial overcharging by the banks. But help is now at hand.”

Ratio handled cases for consumers who had been mis-sold insurance, incurred excessive bank charges, been drawn into unfair credit agreements or received non-compliant mortgage offers.

Ratio Money is the latest claims firm to go bust.

Last month Cartel Client Review stopped trading and was later suspended by the Ministry of Justice.

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  • Stuart Cullum 8th April 2010 at 6:17 pm

    What a plank Le Vell has made of himself, jumping on the bandwagon, mind you on his money I bet he still dropped his own credit cards into the pot.Stick to what you know, you are out of your depth mixing with ex-brokers turned ambulance chasing parasites, based in Manchester.

  • Stuart Cullum 8th April 2010 at 6:15 pm

    What a plank Le Vell has made of himself, jumping on the bandwagon, mind you on his I bet he still dropped his own credit cards into the pot.Stick to what you know, you are out of your depth mixing with ex-brokers turned ambulance chasing parasites, based in Manchester.

  • Ploni 8th April 2010 at 11:22 am

    This was always going to be a ‘get rich quick’ product. It had no long term future and those who pushed it agressively initially, did make money – and if they were clever, they ran in time.

    As they say – if it looks too good to be true then…..

  • Ex-Infnite 7th April 2010 at 5:01 pm

    Mike, getting the same recordings, any advice?

  • Kevin Webster 7th April 2010 at 3:43 pm

    Can anyone give me any advice?

    I was on my way down to my local bank to reinstate my PPI on the loan they sold me (for which the nice Mr Le Vell got me £1.87 rebate) when I tripped over a paving slab and broke my ankle.

    I am a self employed trapeze artist and cannot work now. Who do you suggest I make the first claim against?

    A. The council for the dodgy slab?
    B. The bank for allowing me to cancel my PPI when they knew they had dodgy slabs outside
    C. The Daily Mirror – that is where I saw the advert for Ratio Money
    D. My Mother for giving birth to me
    E. God
    F. You
    G. Myself for being so clumsy

    I’m really confused now?!?!

  • Anon 7th April 2010 at 3:00 pm

    And do not confuse claims companies specialising in miss sold ppi with those trying to write of debt. Lots of those clients were ripped off.

  • Jez 7th April 2010 at 2:27 pm

    I agree with people taking personal responsibility, however, when the lenders screw people financially by increasing credit card interest rates or imposing huge charges when the customer is struggling financially, you can’t blame people for wanting to fight back.
    If the banks had ever understood what “treating customers fairly” really means, there wouldn’t be a claims industry because customers would feel valued and would not want to destroy their relationships with lenders.

  • John 7th April 2010 at 12:32 pm

    I agree with Paul,
    the sooner these parasitic companies fail or better still get closed down the better. People should take personal responsibility for their actions. If you get sent information about credit cards etc. through the post, you don’t have to take it up. Have people become real dummies or has the “victimhood” society we have created just incourage people to do things and blame someone else later?

  • Mike Davies 7th April 2010 at 11:48 am

    I’ve been in this business for 40 years now and since the 1986 Act there has always been someone suggesting to consumers that they need never take any personal responsibility for their actions and decisions. I’m currently being bombarded personally with phone calls which, when answered, have a record message telling me to phone a number and have all my credit card debts written off. Does Coronation Street pay so badly that Mr La Vell has to supplement his income by getting involved with claims companies?

  • Dave N 7th April 2010 at 11:40 am

    Spot on Paul, Yes John mistakes were made by the banks, but no one noticed at the time, and as we know it was down to wording in the contract not how the client borrowed the money! All these companies were set up as cash cow’s,nothing to do with poor managment and run by cowboy’s!! The clients that trusted them have now lost more cash in the upfront fee’s they charged! Wake up!

  • TOL 7th April 2010 at 11:24 am

    Whilst I too am pleased to see parasitical ambulance chasers suffer, I would like to see the same fate for so called “advisers” that recklessly advised and encouraged “Mr Customer” (their lifeblood by the way!) to mortgage and re-mortgage to the hilt and/or become property barons in the RTL market so as to benefit from the “ever increasing capital value” of bricks and mortar, and especially for those that advised such deals by way of false self certification. Good riddance to them all.

  • john higgins 7th April 2010 at 11:10 am

    These companies (CMC’s) are not parasites. The only reason they exist is because banks either miss-sold or broke the law when dealing with the consumer. Unfortunately Ratio Money, along with Cartel, were poorly managed and tried to go into too many different product areas. The blame sits with the banks, if they had conducted themselves within the law in the first place the likes of Ratio & Cartel would never have existed.

  • Philip 7th April 2010 at 10:52 am

    Sue the advertising companies for making us spend our money – brilliant idea Paul, perhaps we should give that a go ! – although I would prefer to be able to sue the appropiate Politicians and Regulators for spending our money instead !

  • Steve Rodley 7th April 2010 at 10:41 am

    Personally I think this is a good thing!

    All the hoops we have to jump through and exams to (re)take to advise on regulated products makes it laughable when a “star” (and I really do use this term in the in the loosest possible way) can get involved in such an abhorrent industry! These people should stick to what they are “good” at! But on this occasion I am hard pressed to say exactly what!

    There are some excellent companies out there doing massive good for the Financial Industry and then along comes Mr Le Vell and the likes. Oh! And yes! The banks of course!!!!

  • paul iley 7th April 2010 at 10:32 am

    Lets hope it’s not long before the rest of the parasites disappear including the latest ‘ambulance chasing’ concerning ‘missold’ mortgages.
    Because it’s always someone elses thought isn’t it Mr Customer?
    You really didn’t want that money to waste on yet more needless items did you?
    Why not sue the advertsing companies next because they made you sepnd against your will?!!!

  • Paul Humphreys 7th April 2010 at 10:29 am

    Thats interesting because I notice ‘whitey’
    isn’t an ambassador for Debtsolutions.co.uk

  • ged 7th April 2010 at 10:28 am

    All of these claim firms are as bent as the other and the quicker they all go under the better.