What To Do If You Get A Nasty Letter or Phone Call From:
Connaught Debt Recovery
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.
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.
So apply for a debt management plan using the form below.
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
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
Data On Connaught Debt Recovery
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].)
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.
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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a look at the Insolvency Service's leaflet called 'In Debt', downloadable
of Debt Collectors
Connaught Debt Recovery website is part of DPC Registry website group.
All rights reserved. Complaints Against Connaught Debt Recovery.