A Debt Collection Company (Debt Collector) will collect overdue debts either on behalf of a company or after buying overdue debts from other companies that you may have missed payments to. These can be from Loan Companies, Banks, Finance Companies, Utility Companies, Store Card Companies, Catalogues, Councils and many more.
Usually when you first fall into arrears your account will be passed to a collection department within the organisation, often under a different company name a subsidiary of the original company. They will attempt to collect the debts before selling the debt to a third party debt collection agency (debt buyers).
These debt buyers purchase debts at a percentage of the outstanding balance and then pursue the customer for payment of the whole amount, demanding payment in full.
If you have a debt with a Debt Collection Company and are struggling with the payments click here to contact us or submit your details in the contact form to the right of your screen for instant debt advice.
Contact our debt advice and IVA team today for confidential help. We may be able help you by arranging an IVA or Debt Management Plan and reduce your payments to your debts. With an IVA you no longer have to deal with the debt companies alone, we manage the debts for you.
Yes, with an IVA will stop a debt company chasing you for payments. We can help you freeze the interest and charges, reduce your debt payments and may even write off some of your debt.
An IVA is a great way to help you become debt free for good.
Submit your details in the form to the right to see if you qualify for an IVA or other debt help solution.
If you need help with any type of debt, get in touch today. By submitting your details in the form to the right you will see if an IVA or Debt Management Plan is best for you and learn how to become debt free.