What To Do If You Get A Nasty Letter or Phone Call From:
First Credit Debt Collectors
If you are currently having problems with debt collectors, or if you suspect them of using illicit or unfair tactics, then please contact the BBC in complete confidence at the following email address:
(United Kingdom enquiries only, please)
Credit Debt Collectors is a debt purchasing/selling company listed in
the website of the 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 First Credit
Debt Collectors), 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 First Credit Debt Collectors are 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.
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.
For 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.
Registry. Consumer Credit Licence number 633327.
Credit Debt Collectors
Also Known As: First Credit, 1st Credit, First Credit Reigate First Cretins,
Address: The Omnibus Building, Lesbourne Road, Reigate, Surrey RH2 7JP
Telephone: 01737 228555
Fax: 01737 228564
Email: Yet to be determined
Extra Data: See
Get a free QuickCreditScore
check by applying
First Credit Debt
Collectors and the Truth About Your Debt
You should always ensure you know whether the debt collecting firm
has purchased the account themselves as a means of making a profit (as
a debt purchasing company) or whether they are carrying out recovery
work on behalf of another company such as a loan company (where they
would pocket a proportion of recovered money in commission). If a letter
of assignment has been sent, as legally required if the debt has been
sold wholesale, then you know that the debt collecting company is the
actual owner of the debt and therefore will attempt to get as much out
of you as they can. When dealing with First Credit Debt Collectors do
bear in mind that every penny they get is profit because they bought
the account for a song. So they will try to get you any way they can.
There are lots of basic things you can do to thwart the debt collectors
who operate in this way and the various tactics of First Credit Debt
Collectors. You can block their phone number permanently, or you could
record their telephone conversations, you can send them a letter preventing
them from visiting you or any combination of these actions (all these
template letters are available at the website).
Many members of the general public may have noticed with some shock
that these debt collecting companies generally insist on contacting
you by telephone. For some reason they always prefer to call you on
the phone rather than writing to you. Isn't this a bit strange? The
reason for this is that they wouldn't be able to threaten you on paper
as they don't wish to perjure themselves in a permanent form like a
It is an option to question the validity of the amount owed or the
existence of the debt itself by making a Subject Access Request (or
SAR) as a foil to First Credit Debt Collectors. The owner of the alleged
debt (the bank or the debt purchasing company) must give you a true
signed copy of the original contract with the bank if that contract
was made prior to 6th April 2007. When they fail to do this they are
in breach of the consumer credit act 1974, and the alleged debt is then
said to be in dispute. For as long as this situation exists they cannot
ask for payment (if they do so they are in breach of the law) and they
must not sell it on to another agency (which many do nevertheless at
this stage). As long as the alleged debt is in dispute it cannot be
enforced, even by a court. There's a series of template letters available.
If you wish you can get a lawyer to help you, because it can be a strain
doing it by yourself. There are also quite a few legal and paralegal
firms offering their expert services in this area.
So ask First Credit Debt Collectors
for a copy of the original contract when you took out your loan or credit
Data On First Credit Debt Collectors
you have any information that you would like honest people to know
about First Credit 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 First Credit Debt Collectors
web form (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
Please note that independent advice is available on debt, debt collecting and debt purchasing.
First Credit Debt Collectors website is part of DPC Registry website
group. All rights reserved. Complaints Against First Credit debt collectors.