What To Do If You Get A Nasty Letter or Phone Call From:
Mercers Debt Collectors
Debt Collectors is a debt purchasing company or debt 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 Mercers
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 Mercers 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.
There are several
courses 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.
For an alternative type of
loan 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: Mercers Debt London, Mercers Debt Collections
Address: Citypoint, 1 Ropemaker Street, London EC2Y 9SS
Also PO Box 55, Liverpool L32 8XX
Telephone: Not known
Fax: Not known
Email: Not known
Extra Data: Apparently these secretive people are owned by Barclays.
Get a free QuickCreditScore
check by applying
Mercers Debt Collectors
and the Truth About Your Debt
It is best to ensure that you know whether or not the debt collecting
company has bought the debt themselves (as a debt purchasing firm) or
whether they are doing recovery work on behalf of a client such as a
loan company or bank (where they would pocket a proportion of recovered
funds in commission). If a letter of assignment has been sent, which
the law requires if the debt has actually been sold wholesale, then
you will know that the debt collector is the owner of the account and
will try to get as much out of you as they can. When dealing with Mercers
Debt Collectors do bear in mind that every penny the collection agency
gets is pure profit because they purchased the debt wholesale..
It is an option
for you to question the validity of the debt by making a Subject Access
Request as a reply to Mercers. The owner of the account (the bank or
the debt purchasing company) must give you a fair 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 law,
and the debt is then said to be in dispute. While this situation exists
they must not ask for any payment (if they do they are in breach of
the act) and they are not allowed to sell it on (which many do nevertheless).
As long as the alleged debt is in dispute it is said to be unenforceable,
even by a judge. There's a series of letters available for this purpose.
You can get a solicitor to do this for you, owing to the complexity
of the law at certain points. There are also specialist legal and paralegal
firms who have expertise in this area
Ask Mercers Debt
Collectors for a copy of the original contract when you took out your
loan or credit card.
To find out if you
qualify for an IVA or can benefit from a debt management programme,
try the IVA
Test. It's free to apply, and again you are protected by the consumer
laws regarding debt management at all stages. Click
here to go to the application form.
Data On Mercers Debt Collectors
you have any information that you would like honest people to know
about Mercers Debt Collectors then send us an email in complete confidence and
we will try to corroborate it with the clowns involved.
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a look at the Insolvency Service's leaflet called 'In Debt', downloadable
of Debt Collectors
Mercers Debt Collectors website is part of DPC Registry website group.
All rights reserved. Complaints Against Mercers Debt Collectors.