Paying off the debts and loans that you owe in the past can be frustrating. When you are struggling with those demanding interest-rates and those higher repay installments, debt collectors might put you to a lot more stress. Debt collectors would sniff around you at your registered location, contact details and everywhere they can be. This is not only annoying but also harassing.
And, a similar debt collector is Debt Managers (Services) Ltd. If any of their employees have contacted you over the phone or visited you personally, then it might seem a great deal for you, especially when you do not have any clue.
Are you in confusion about what about your next step or how to handle such issues? Let’s discover who Debt Managers Services Ltd is and what it wants.
Debt Managers (Services) Ltd.: Who are They?
The agency was founded in 1976 for providing debt management plans, debt advice and collecting debts from debtors on behalf of appointing creditors. Debt Managers Services Ltd. is a completely FCA-registered and legal debt service provider in the United Kingdom.
Why are Debt Managers (Services) Ltd. Behind You?
They are simply chasing you for the money that you owe from your creditor. And, the creditor(s) might have appointed Debt Managers Services Ltd to bring their money back from you. However, if you don’t pay the money back, then they can take legal action against you. So, if you’re facing troubles with repayments, then contact your financial advisors and settle for debt insolvency schemes for a woe-free future.
In Case, you Can’t Remember the Debt
Instances have taken place where people couldn’t memorize that they actually owe money from the particular creditor. If the same incident happens to you, then you can ask for the original statement of your credit debt, or other debt records, from Debt Managers (Services) Ltd. the creditors must have provided a copy of the original debt statement.
On the other hand, if you remember but don’t want to fully repay the debt, then you can settle for partial pay-off plans.
How Do Debt Managers Services Ltd. Work?
Debt Managers (Services) Ltd. are sincere about collecting the debt, at any cost. They might send agents to your home or workspace for mild and generic reminders about debt repayments. Further, they can call you very often and that might be indeed very disturbing.
Additionally, discussing debt issues before your colleagues and family members can impose mental pressure on you. So, you can see Debt Managers Services Ltd is like any other debt collector company in the UK. Even, the creditor might treat you the same way as the debt collector does.
Moreover, Debt Managers (Services) Ltd can take any of the following actions to threaten you:
- The agents of Debt Managers Services Ltd start calling you randomly. But, the calls should be restricted within the business hours of weekdays.
- Moreover, they can verbally assault you.
- They might come over to your home and office, without any prior notice.
- Debt Managers Services Ltd can threaten you with the proposal of bankruptcy when owed debt cross £750.
- Or else, it can stretch to country court judgement when you can’t repay all your debt within the offered deadline.
- The agents can send bailiffs to seize your assets and properties.
Should You Let Debt Managers (Services) Ltd. in your Home?
Debt collectors can’t intrude into your home without your permission. It’s your legal right and it’s on you whether you will allow Debt Managers Services Ltd inside your home or not. On the other hand, the agents can abuse you mentally. If they are doing so, then you can file a legal complaint against them.
Well, Debt Managers (Services) Ltd earn bonuses from the creditor companies, depending on how much money they have rescued from debtors. That’s why they can turn aggressive and might disturb you with phone calls and rapid visits. If they can’t find these initiatives effective they can opt for legal actions.
So, How to Tackle Debt Managers (Services) Ltd?
When you are hustling with your earnings and debt concerns, debt collectors become an extra headache. Contact financial or debt advisors for improved debt management plans or insolvency practices. Or, you can discuss a partial repayment scheme with Debt Managers Services Ltd. and they should cooperate with you.