What To Do If You Get A Nasty Letter or Phone Call From:
Red Debt Collection

Red
Debt Collection is a debt purchasing company or debt collecting company
listed in the site of
DPC
Registry is licenced by the Office of Fair Trading. Licence No.
633327 and are signatories
of the Data Protection Act. Reg. No. Z1620707
Name: Red Debt
Collection
Also Known As: Trading style of Lowell Financial Lowell Portfolio I, etc.
Address: PO Box 203, Leeds LS11 1BG
Telephone: Not Known (don't phone them anyway)
Fax: Not known
Email: Not known
Extra Data: Red Debt Collection is apparently one of the trading styles
of Lowell Financial Ltd.

Red Debt Collection and
the Truth About Your Debt

Remember to always insist on handling the DCAs by letter. Don't give
out any phone number. The problem is during the first call they make,
when your defences are down, they'll say they are the credit card company
or bank and therefore make you feel obliged to comply with what they
say. They seek your uncertainty, so they like to create as much confusion
as possible: here is where Red Debt Collection will have the best outcome
for them. As soon as they get hold of your personal details they will
use this to worry you, even to scare you. The law is there to stop this
happening but most people don't know what to do and it is clear that
these debt purchasing companies will use this to their own benefit.
Public organisations like the excellent CCCS and the Citizen's Advice
Bureau are there to help out although all too often they are stretched
to capacity and sometimes their help may be incomplete.
You must always ensure that you know whether or not the debt collection
firm has purchased the account themselves as a means of making a profit
(as a debt purchasing company) or whether they are carrying out recovery
work on behalf of a client company such as a credit card company (where
they would pocket a proportion of recovered funds). If you are sent
a letter of assignment, as legally required if the account has been
sold wholesale, then you will know the debt collecting firm or dca owns
the debt and therefore will attempt to get as much out of you as possible.
In dealing with Red Debt Collection remember every penny the debt collection
company gets is profit because they purchased the debt wholesale. So
they will try to get you any way they possibly can.
As you are having to cope with Red Debt Collection then you can be
reassured that a lot of the things that they are using to harass you
are unlawful. These debt collecting companies (or DCAs) appear under
little or no obligation, or so it might appear, to do anything about
improving their practices unless they are ordered to do so by the Office
of Fair Trading or similar organisation.
The UK legal system seems to turn a blind eye when these things happen,
or so it appears. A lot of the debt collection companies that ply their
nefarious trade in the UK are owned by overseas companies knowing where
to make a fast buck where they can see it. There are plenty of laws
that are meant to be in place governing Red Debt Collection, but for
some unknown reason these debt purchasing firms manage to trade by bending
the rules as much as they think they can get away with. They only stop
this on being reprimanded by an organisation like the OFT or the FSA.
And even in such rare cases the tiny fine handed out is such a tiny
amount of their overall proceeds that they don't give a damn, and they
treat all such punishments with utter contempt.
So ask Red Debt Collection
for a copy of the original contract when you took out your loan or credit
card.
Even better, start
an unenforceable
credit agreement application here. If you want to check, in addition,
missold PPI and recover all the credit card charges you've paid over
the last 6 years (plus 8% interest) it costs an upfront fee of only
£99 for a full audit to see what you're entitled to. Click
here for more.
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.
DPC Registry
is registered and regulated under the Data Protection Act.
Reg. No. Z1620707 and licenced by the Office of Fair Trading. Consumer
Credit Licence No. 633327.
.
More
Data On Red Debt Collection
These
characters seem to be exponents of the speculative statut barred debt
threat. In otherwords, they buy very old debts (more than 6 years
old, meaning that they are useless and cannot be enforced) and then
send a letter to someone - anyone - demanding payment. Looking at
the various consumer forums they seem to use the electoral register
in order to match names and addresses. They don't mind who pays up,
but they know that someone will. That's why these people do this kind
of thing. They buy the dead debts so cheaply they can afford to have
a very low hit rate and still make a profit.
Buying
delinquent debts is bad enough, but these people really do occupy
the bottom of the barrel!
If
you have any information that you would like honest people to know
about Red Debt Collection then send us an email in complete confidence
and we will try to corroborate it with the clowns involved.

This
Red Debt Collection website is part of DPC Registry website group. All
rights reserved. Complaints Against Red Debt Collection debt collectors.
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