We understand that people’s circumstances change and life events happen which may impact your finances. If you’ve received a Default Notice, you’re likely to hear from a Debt Collection Agency.
We have created a short video that explains everything you need to know about the Debt Collection Agencies we are partnered with.
Debt Collection Agencies aren’t as intimidating as they may sound.
Many people face money troubles at some point in their lives. One of the worst things about getting into debt is not knowing how to get out of it, but don’t worry – it’s usually possible to find a solution everyone’s happy with (i.e. you and the people you owe money to).
That’s where Debt Collection Agencies come in. Their job is to work with you to understand your financial situation and come up with a payment plan you can realistically afford.
The company that work for us is listed below along with details of how you can get in touch with them:
Moorcroft Debt Recovery – Online: Moorcroft Debt Recovery By Phone: 0345 268 0240
The Debt Collection Agencies that we partner with are authorised and regulated by the Financial Conduct Authority.
There’s no need to worry. They are there to help you.
A Debt Collection Agency will get in touch with you by letter, email, text or phone. If this happens, the best thing to do is to get the conversation started.
Their aim is to speak with you, work out what’s affordable for you and help you find the best way to restore your financial health. The sooner you come to an arrangement, the sooner you can get back on track. And remember, it’s their job to work with you (not against you) so feel free to ask as many questions as you like.
You can get free, independent advice.
You can have a look at our Struggling Financially page which will give you information on the independent support available to you through our partners who can offer you free confidential advice for all of your debts. Please visit the following page for more information on this: Struggling Financially
The best people to contact is the Debt Collection Agency your account has been placed with.
From now on, they’ll be working with you on our behalf. We’ve given them all the information they need to help you find a payment plan that’s right for you – and they’ll update us on any agreement you make.
Cora can help with a wide range of queries and show you how to do your banking.
