What To Do If You Get A Nasty Letter or Phone Call From:
C L Finance
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.
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.
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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
Telephone: Could be 01924 444466 (BUT DO NOT PHONE C L FINANCE)
Fax: Not known
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
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
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
Data On C L Finance
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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& Disclosure | Complaints
a look at the Insolvency Service's leaflet called 'In Debt', downloadable
of Debt Collectors
CL Finance website is part of DPC Registry website group. All rights
reserved. Complaints Against C L Finance debt collections agency.