Name: C L Finance
Debt Collection Agents
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C L Finance
Debt Collection Agents
You must make sure you know whether or not the debt collection agency
bought the debt themselves as a means of making money (as a debt purchaser)
or whether they are trading on behalf of a client such as a bank (in
which case they will get a percentage of the recovered money by way
of commission). If a letter of assignment is sent, which is required
if the account has actually been sold wholesale, then you know that
the debt collection company is the actual owner of the account and therefore
will attempt to get as much out of you as he possibly can. When dealing
with CL finance debt collection agents remember that almost everything
the collections agency gets is profit because they purchased the account
for next to nothing. So they will try to get you any way they can.
Certainly, it is true that some debt collection firms are much worse
than the rest. Some debt collectors have a line in writing thousands
of tentative letters about hypothetical debt to people telling them
they owe money when they know that they owe nothing at all. This tactic
seems to work well for these debt collecting firms because they know
perfectly well that a small proportion of scared people will give way
to being bullied even though they know full well they are not indebted
to anybody. The worst of the debt collectors buy lists of debtor accounts
which are more than six years out of date to try to get money for them.
This is unlawful. These debts are known as Statute Barred debts, and
their recovery cannot be legally enforced.
The chances are that they might ask you for your mobile phone number
(and most people do nowadays). But you should not give out your number
to them. Because if you do they will be able to bother you wherever
you are any time they like. They will do this even after you have asked
them not to, so you must put it in writing, and send the letter by recorded
delivery or registered post so that it is signed for at the other end
(although so many operate from a PO box number so a signature is impossible).
Some debt collecting companies (or DCAs) will even contact the people
who live next door to you and tell them about your debt. The worst may
even tell your kids that you are a bad parent because you can't pay
your bills or threaten to do this, hoping to scare you and widen their
profit margin. All these debt collecting companies are profit driven
and so their sales force know well that they have to reach targets.
Managing the demands of CL finance debt collection agents can put a
strain on you.
If you are having to deal with CL finance debt collection agents you
can be reassured that a lot of the things that they are using to distress
you are probably unlawful. These debt collecting companies appear to
be under very little obligation to improve their behaviour unless ordered
to do so by the Office of Fair Trading or similar body.
So ask C L Finance Debt Collection Agents
for a copy of the original contract when you took out your loan or credit
Data On C L Finance Debt Collection Agents
you have any information that you would like honest people to know
about C L Finance Debt Collection Agents then send us an email in complete confidence and
we will try to corroborate it with the clowns involved.
C L Finance Debt Collection Agents website is part of DPC Registry website
group. All rights reserved.