Complaints Against CL Finance
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What To Do If You Get A Nasty Letter or Phone Call From:
C L Finance
CL Finance is a debt purchasing company or debt collecting 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 C L Finance), 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 C L Finance 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.
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.
Are you owed money? Have you been missold Payment Protection Insurance with your credit card, mortgage or loan? PPI Advice Line will advise customers openly and honestly about the chance of making a successful claim for their compensation. Find out if you have a claim by clicking here.
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.
NOTE: If you have at least two accounts in debt, and total debts of £2,000 or more, enter your details below to see if you qualify. (But if you owe less than this, or are on state benefits, then use this link to apply instead.)
DPC Registry. Consumer Credit Licence number 633327.
Please be aware that figures entered 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.
Name: CL Finance
Also Known As: Part of Lewis Group
Address: Kingston House, Centre 27 Business Park, Woodhead Road, BATLEY WF17 9TD
Telephone: Could be 01924 444466 (BUT DO NOT PHONE C L FINANCE)
Fax: Not known
Email:
Extra Data: Seem to be associated with GE Money (as a client perhaps) and are part of the Lewis Group (q.v.) which in turn is owned by Cattles, which is a FTSE 250 company.
Get a free QuickCreditScore check by applying here.
C L Finance and the Truth About Your Debt
Certainly, it is true that some debt purchasers (or DPCs) are far worse than others. There are some DCAs who specialise in sending out speculative correspondence about hypothetical debt to people telling them they owe money when they know that they owe nothing at all. This tactic works for the debt collection companies as they're aware that a small proportion of scared people will always pay the money although they know full well they owe nothing to anyone. Several of the debt collectors get hold of lists of delinquent debtor accounts which are more than 6 years old to try and profit from these. But they are called Statute Barred debts, they are out of date and their recovery cannot legally be enforced.
Dpcs make a good profit by buying bad debts from credit card companies and banks at pennies on the pound (about ten percent or less of the balance) and attempt to extract the total balance from you. When dealing with C L Finance Debt Collectors it is worth bearing in mind that this is what they actually do for a living. They will then use all sorts of tricks to get money from you - any kind of money. This often includes frightening people to the extent that they are scared most of the time, their marriages decay and their lives may be ruined. All because a greedy company bought details about a debt and tried to make a profit from it at all costs.
The debt collecting companies will attempt to ruin your life and cause untold amounts of anxiety because they will profit from doing this. They will use dirty tricks on you, even if it is unlawful. It is a vicious profit-driven business staffed by salespeople who are made to meet sales figures and this is why dirty tricks will continue to be used. The law does not seem to bother about this. If you try to deal with C L Finance Debt Collectors you must help yourself if you want to solve the problem. Until the laws we have are implemented a lot of people will have their lives ruined.
It is an option to call into question the validity of the money owed or indeed the existence of the account itself by making a Subject Access Request (or SAR) as a response to C L Finance Debt Collectors. The true owner of the debt (the bank or the debt purchasing company) is obliged to send you a true copy of your original credit agreement if the contract was made prior to April 6th 2007. If they fail to do this they are in violation of the consumer credit act, and the alleged debt is said to be in dispute. As long as this situation exists they must not ask you for any money (if they do so they are breaking the law again) and they are not allowed to sell it on (which many do nevertheless). While the debt is in dispute it is said to be unenforceable, even by a judge.. If you wish you can get a lawyer to help you, due to the difficulty of the law at times. There are also legal and paralegal firms offering services in the area.
So ask C L Finance for a copy of the original contract when you took out your loan or credit card.
More Data On C L Finance
If you have any information that you would like honest people to know about C L Finance then send us an email in complete confidence and we will try to corroborate it with the clowns involved.
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Take a look at the Insolvency Service's leaflet called 'In Debt', downloadable here.
This CL Finance website is part of DPC Registry website group. All rights reserved. Complaints Against C L Finance debt collections agency.
