Complaints Against Connaught Debt Recovery
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What To Do If You Get A Nasty Letter or Phone Call From:
Connaught Debt Recovery
Connaught Debt Recovery is a debt purchasing company & collecting company listed in the site of DBSG (The Debt Buyers and Sellers Group) and/or mentioned in consumer finance forms. They have a legitimate function as debt collectors, but there is some indication that some such companies (not necessarily Connaught Debt Recovery), and especially the debt purchasing element, go a bit too far sometimes and can make people's lives a misery when those same people are at their most vulnerable. We do not suggest that they are acting outside the law, but getting that letter or phone call is not exactly helpful to you right now.
So the first thing you must do if Connaught Debt Recovery is bothering you is not to panic or despair. That's just what they want! They'd love you to call their number and speak to their specially trained sales team for 'advice'. But once you do that you'll be suggestible to whatever they tell you, instead of getting independent advice. While we always say that you should keep an open dialogue with debt collectors, we would recommend that you do so in writing only. This will prevent them 'railroading' you into any action which is not in your best interests, as they so love talking people into doing things on the spur of the moment. Of course, they are only doing their job, but that's hardly a consolation for you in the present situation.
There are several options that are open to you, and some will suit your own situation better than others.
A sensible option, we would suggest, is a debt management plan or even an IVA - which is designed to actually write off a large chunk of your unsecured debt. But you would need to take advice on this and look at your income and expenditure in detail. This option won't suit everyone. There's more on this below.
You may be tempted to get a payday loan, which is an unsecured loan designed for the short term. There is no shortgage of advertising for them on TV at the moment. The only problem with these is that the interest rates are extremely high. Therefore we cannot recommend them. They are designed to be used strictly for the short term; they are quite unsuitable as a means of longer term debt management.
As an alternative you could apply for a 'logbook loan' which many people find a very handy option. It is actually a loan secured on your car, except you get to keep the car and keep the cash as well! That's why some people find it such a good idea, as it unlocks the equity in your vehicle without taking away your means of transport (there's no need to sell the car). To apply for a logbook loan click here.
Yet another option is a no credit-check guarantor loan. This is especially useful because your own credit rating is not looked at; you must find someone else willing to act as a guarantor for you such as a friend or family member. This is an ideal solution if you're at the stage where your credit profile has been downgraded by recent events, etc. So click the following link for Unsecured Loans that don't need you to be credit checked.
Are you owed money? Have you been missold Payment Protection Insurance with your credit card, mortgage or loan? PPI Advice Line will advise customers openly and honestly about the chance of making a successful claim for their compensation. Find out if you have a claim by clicking here.
If you wanted to try a debt management plan, then we provide a whole-of-market service, with a number of debt management experts on our panel. So whatever your circumstances, your application will find the plan for you, meaning the optimum outcome for your situation. It also means there are no minimum requirements for debt levels or income.
NOTE: If you have at least two accounts in debt, and total debts of £2,000 or more, enter your details below to see if you qualify. (But if you owe less than this, or are on state benefits, then use this link to apply instead.)
DPC Registry. Consumer Credit Licence number 633327.
Name: Connaught Debt Recovery
Also Known As: Connaught Collections UK Ltd, Connaught UK Ltd, Connaught Collectors, etc.
Address: Airport House Purley Way Croydon Surrey CR0 0XZ
Telephone: 0208 6865553 BUT DO NOT PHONE CONNAUGHT
Fax: Not given
Email: Not given
Extra Data: Their hideous flash intro website proclaims "an intelligent approach to debt collection". We beg to differ. Their website is really only an image which has been given an artificial pagerank boost by means of some suspect linking from another site. The image/page itself is locked. It doesn't lead anywhere.
Get a free QuickCreditScore check by applying here.
Connaught Debt Collectors and the Truth About Your Debt
Connaught Debt Recovery Ltd is a debt purchasing company which has bought the debt account from the original lender (or in some cases an intermediary or third party) for a small percentage of the original debt's value and is brazenly attempting to get the full sum of the original account from you.
Connaught Debt Recovery Limited will use all sorts of methods to get you to set up a standing order or direct debit so that they can profit from your misery. You may have already experienced bad dealings with them on the phone or by letter. They may phone you up at odd times and do so unacceptably often. They may send you official-looking nastily worded letters threatening to come round to collect the full amount or that they will take you to court for the full amount. Their other strategies will include saying that they will make a charging order on your home or in some way bring about your destitution.
So ask Connaught Debt Collectors for a copy of the original contract when you took out your loan or credit card.
More Data On Connaught Debt Recovery
Part of the 1st Credit group (or closely associated with it - one can sometimes never make out the relationships between these people, so shifty is their modus operandi) Connaught seems to swill from the same trough as the recently censured 1st Crudit. (See the OFT's rapping of 1st Credit's knuckles - [citation & link needed].)
If you have any information that you would like honest people to know about Connaught Debt Collectors then send us an email in complete confidence and we will try to corroborate it with the clowns involved.
Please be aware that figures entered into the Connaught Debt Recovery webform, above, need to be accurate by law, and to give the best service to you. It is extremely important that you budget for all necessary expenditure including rent or mortgage, council tax and utility bills, etc., and any other necessary outgoings related to the upkeep of your household and in relation to any specific circumstances which may apply to you or your household. This website only collects data on behalf of debt management professionals, from which it will receive affiliate remuneration for data collection only and does not itself engage in any debt management services. Other debt management options are available and may be more suitable. People entering into an IVA or debt management will have this entered on their credit profile and this may affect their ability to get credit in the short term or even in the long term in some cases. It is free to apply from this website; you will be given advice by debt management professionals and a 'cooling off' period, by law, to decide whether or not the debt management plan is suitable for you, and you should be aware that a fee will be chargeable upon a successful arrangement, as with any commercial transaction. Failure to meet the repayments on an IVA or any debt management programme may result in serious consequences, including, but not limited to, bankruptcy. Bankruptcies, CCJs and similar defaults will be entered into a public register and will remain there for a statutory period of not less than six (6) years.
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Take a look at the Insolvency Service's leaflet called 'In Debt', downloadable here.
This Connaught Debt Recovery website is part of DPC Registry website group. All rights reserved. Complaints Against Connaught Debt Recovery.
