If at any time you have had debts that you have not paid, then unfortunately you may have been victim to some of the sleaziest collection tactics used by UK debt collectors today.
A simple fact in today’s climate, debt collectors have got a lot more aggressive and in many documented cases, clearly breached the law in bullying and pressurising the vulnerable.
Are you right now, afraid to answer the unrecognised number ringing your mobile, reply to the threatening text messages demanding you pay, or receiving ridiculous red coloured letters, saying if you don’t pay you are going to jail!
Chased by Sigma Red and have many other debts, get rid of them all before Xmas
If you are being chased by debt collectors and have multiple other debts, such as bank loans/credit cards/payday loans, I can guarantee the stress is affecting everything you do daily. If your partner does not know, or maybe even family members, then there really is no escaping it. I was in this exact position, except for me, it was also the calls to work and the depression that came with it all. So the good news with multiple debts, is that there are many loopholes/FSA backed methods to legally get rid of the lot and shut them down immediately. All calls stop, no more letters/text messages and you never have to deal with who you owe money too again. The best news, this month, you get to keep your wages again, instead of losing the lot 5mins after they hit your account. These guys are brilliant and literally gave me my life/sanity back. No matter what your situation, they will sort this by the end of the day, check them out here
Although most collectors stay within the bounds of the law, others behave in ways that are outrageous, heartless and/or just plain illegal
OK, let’s start from the beginning. By taking their business to pieces, you will see that hiding behind the mask of fear and bullying, it is in fact YOU that is control, not them.
- DCA’s are a business, 99% are not here to help you or listen to your problems. Dog died, car on fire, lost your wallet? They don’t care….Imagine a room with 100 people sitting at individual desks, with headsets on. These sales people are paid a bonus in accordance to how much they can get you to pay off the debt.
- The staff at these call centres have morning meetings before they begin. Here, they are given tactics on how to get you to pay e.g. ‘ …tell them we have their neighbours’/bosses number and we will ask them for the money’….or…’if you don’t pay today, we will make arrangements to have your parents’ car taken away and sold off to pay off the debt’. The bosses at these companies tell the staff how much money they expect each of them to collect by the end of the day. When these people call you, talking/negotiating with them is as effective as double sided playing card
- Where do they get the debts?…..they buy them, and in bulk . They have sales guys that target banks, institutions, mobile phone operators and buy a large collection of these debts for a % of the debt. What does this mean?….Let’s say your debt from Bank ‘A’ is an old credit card and was for £1678…….usually the DCA buys it for 10-20% of original value. However they will demand full amount, plus, their own charges on top. So they pay around £300 and try and get over £2000 off you, and over a fixed agreed time, you can begin to see why they make so much money and don’t care about personal circumstances.
If you have multiple debts and want to get rid of them all today
The problem with having quite a bit of debt, is it can become overwhelming and extremely stressful living day to day. If you have multiple debts and just want to get rid of all of it and let someone else handle it for you, then I can recommend one company for you. It is free to join and protects you from court action and bailiffs. They will contact all your creditors and end all the calls/letters/texts you get daily, whilst being able to force up to 70% of your debt to be written off as, ‘bad debt’. So if you want to end be rid of it all today check them out here
Now they have a database of all these debts in front of them with telephone numbers and addresses given from the original debtor…now what? They want cash from you, as quick as possible , with the least amount of effort on their part. So now they adopt various methods of achieving that…….
- A standard letter is sent to you, asking for the amount, plus charges back. Often breaching OFT guidelines and making official looking documents intended or likely to, mislead debtors as to their status, for example, documents made to resemble court claims.
- Phone calls – A favourite tactic – calling you about 5-10 times a day, on every number they have to contact you, mobile, home and work. Sometimes sending texts and asking you to call them back on premium rate numbers (which is illegal) Imagine the above happening to you everyday for the next month. This is physical/psychological harassment, it is illegal and once again something else that you can stop.
- Now they will begin the nasty and often illegal tactics if they still have no success collecting the full amount, these include – which are all illegal -contacting you at unreasonable times, ignoring legitimate wishes in respect of when and where to contact you, claiming instructions from the courts, claiming to be bailiffs. Falsely implying or stating that action can or will be taken when it legally cannot us a business name which implies public body status, or falsely implying or stating that failure to pay a debt is a criminal offence or that criminal proceedings will be brought if debtors to pay in full, in unreasonably large instalments, or to increase payments when they are unable to do so. All of which are illegal
Sigma Red aggressive phone calls. Do not pay them back, read why here
Now you have a much better understanding of who you are dealing with and more importantly who. I will be writing in my next article,
How to fight them, to write off old debts, slash the amount they are demanding, to stop all telephone/texts from them and make them communicate only in letter…in fact a list of 50 key points you can use to take back control and power from them!