If you ever receive any debt letter from Moorcroft, you will find yourself in the most stringent position. The are one of the leading debt recovery agencies, serving some of the leading financial institutions, as well as banks and the utility service companies, across the United Kingdom. The mission of this company is to offer the most effective credit management services to the creditors, while they help the debtors to manage the repayment in a hassle-free manner. What I liked about the approach of this company is that, they never force the debtors by any means, though, they feature an impressive record in recovering the debt from the Individual and corporate debtors.
An overview of Moorcroft
Moorcroft, authorized and regulated by Financial Conduct Authroity, holds a membership with the Credit Service Association as well. Today, they are among the top debt recovery and credit management agencies, working with the top brands from various lines of industries. They offer customized credit management plans that enable creditors to recover the outstanding debts, reducing the figure of the Non-Performing assets. Moorcroft, either, purchases the debt accounts from the actual creditors, or serves as collection partners for their clients, recovering the debts from the debtors.
When Moorcroft starts sending debt notices to the debtors?
Moorcroft Debt Recovery will start communicating with men, in case, I owe an outstanding debt with any individual or a company. If they have purchased any debt account to my name, from the original creditor, I will receive a letter ,stating such transitions from the original creditor. Subsequently, Moorcroft will start sending debt letters, stating the changes in the accounts and advising me to deal with them subsequently, for any matters related to the debt. Another instance, wherein I may hear some communications from this collection agency is that, my creditor has empowered them to deal with me for the recovery of my debt.
So far, the communications are concerned, it usually starts with a letter, followed by calls and text messages sent to men, in case I am not responding to their debt letters. If all such attempts of communications are skipped, I am likely to receive a field collection agent from the agency at my doorstep. This will follow, after I receive a letter from them, stating the moves to send such collection agents to my registered address. If I am not dealing with the field agents in the right manner, Moorcroft will retain the right to initiate legal formalities for the recovery of the debt.
Should I attempt to skip their communications, or response to it?
Of course, the key question that will spring up here is that, should a targeted Debtor try to escape the communications from Moorcroft, or attend and respond to it in the right manner. I my opinion, it will not help, trying to avoid the letters or not responding to the calls and text message ,or not cooperating with the field collection agent of the company. Doing so, a debtor will only worsen the instance, and the collection agency will have the right to start legal proceedings in such instances. Let me suggest you that, in such instances, a debtor should start communicating with the collection agency. He/she will have the following options to request:
Request the collection agency to communicate through post only. This will stop them making further calls or sending text messages.
Take a cooling time of about a month, stating that, you are seeing suggestions and advices about the debt repayment.
If you doubt that you are not the right target for such debt recovery measures, ask the provider to prove the debt. In case, they have started chasing you by mistake, and they are unable to prove the debt, they will automatically stop further communications with you in this regard.
So, just hiding your head under the sand is not going to do anything to bring a relief. I will like to suggest you again that, be sporting to start communicating with them, and they will assist you managing the debt in a hassle free manner. This is much solicited as it is going to produce a permanent solution to the trouble, ensuring your mental comfort.
I am unable to repay the debt up front. Will Moorcroft help me in any regard?
Don’t assume that, like the mediocre collection agencies, Moorcroft is going to offer you any troubles, in case, you are unable to complete the repayment up front. If they find that you have genuine financial issues or any other genuine issues that is preventing you to make the repayment right away, you can expect them to support and cooperate with you, in managing the repayment in a simple and hassle-free manner. You can expect the following support from Moorcroft in such instances:
- Offer you a proposal for debt consolidation that will make it easier to complete the repayment.
- Design special installment schemes, wherein you will need to pay a fixed amount of money at fixed intervals, till you complete the entire repayment.
- Settle your account on receipt of partial payment of a reasonable and fair amount.
- In case, you are sick or you have temporary disablement, they can offer you a spare time to escape the repayments, till the time you are getting back on your feet.
- Design a budget, comparing your income and expenditure, setting a fixed disposable amount of money that you can use to clear the debt over a long span.
Don’t fear that Moorcroft will straight away snatch your property, or the possession of any other assets up front to settle the debt. Likewise, as per the guideline of the regulating bodies, they can never trouble you by means. A professionally managed company, Moorcroft always deals with the debtors with full dignity, and they always secure the privacy, confidentiality as well as the social reputation of the debtors.
AS such, cooperating with Moorcroft Debt Recovery, you can certainly manage the repayment of the debts with much comfort, and emerge out of the debt trap.