Complaints Against Red Debt Collection

 

Registry of Debt Collectors

 

Self-Employed? If you own your own business call the Small Business Helpline for free advice today.

 

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.

1st Credit
Allied Credit
Cabot Financial
Link Financial
Turnbull Rutherford
HFO Services
Direct Legal & Collections
Sechiari Clarke And Mitchell
Wescot Credit Services