Global Debt Recovery is a kind of organization in the UK that gathers money from the debtors and then gives it to the creditors. It is generally carried out by some of the debt collection agencies externally. When you receive a letter from the Global Debt Recovery, you must not ignore it.
Global Debt Recovery collects all types of debts for certain people. Additionally, they also collect the debts for businesses and other organizations including the HMRC.
After receiving the letter from them, you must not panic and follow all the instructions that are given below very carefully. Here, you will find all the necessary details of Global Debt Recovery.
Whom does the Global Debt Recovery Collect Money for?
Global Debt Recovery collects money for various types of organizations. They are as follows.
- Gas Bills
- United Utilities
- Catalogue debts
- Council Tax
- Parking Tickets
- Electric Bills
- Virgin Media
There are also various loans available for different types of credit cards along with the payday arrears. If you have court fines due, it will be also included in your debts as well. So, on behalf of the actual creditors, the Global Debt Recovery collects the debts from the people of the UK.
Can you Pay the Borrowed Amount to Global Debt Recovery?
You have to pay all your debts within a certain period of time whenever you can afford it. There are many debt management plans that you can select and we hope that it will be helpful for clearing the debts.
If you get a notice from the Global Debt Recovery, it doesn’t mean that there are no alternatives left. Yes, you can pay the money to the Global Debt Recovery on behalf of your creditors. But before paying the money, read the necessary documents and then sign the papers.
Should you Ignore the Calls or Letters from Global Debt Recovery?
No, you must not ignore any type of letter or calls from the Global Debt Recovery. Unless you have taken some advice, the Global Debt Recovery’s code of conduct will provide some time to manage your debts.
But before that, you have to tell them what is the current situation of your debts. If you don’t do so, you will not get the extra time from them to pay the debt.
Whatever you do to avoid the organization, your debts will not be ignored but can become worse. If you leave the letters as it is, and don’t answer the calls, you might risk yourself to face the tactics from Global Debt Recovery. It will be helpful for them to take further action against you if you keep ignoring their attempts to contact.
What Actions the Global Debt Recovery can Take?
The Global Debt Recovery collection agency is not so much different from the creditors. The Global Debt Recovery will definitely chase you for the repayment of your debts. But they don’t have the right to harass you or call unnecessarily.
They must also respect any request made by you in a certain period of time. Global Debt Recovery can send multiple recovery agents in case you are unable to pay the debts. However, you must not misjudge them with the bailiffs, as the debt collection agents are not allowed to enter your home or workplace.
In addition to that, they are also not allowed to take away or list your goods. Also, they must leave whenever you ask them.
If the Global Debt Recovery wants to take certain actions against you, they will go to the court first. The actions they might take are as follows.
- Apply for County Court judgment against you
- To recover the goods, they can send the bailiffs and analyze the value of your goods
- Issue charging order or attachments for your earning order
Does Global Debt Recovery Arrears Mean Losing your Home?
It is quite odd about losing your home in terms of the Global Debt Recovery arrears. To ensure this never happens, you must take some of the necessary steps.
If you owe any type of unsecured debts, they are not at all safe for a particular asset. In case, you are unable to deliver your repayments, the Global Debt Recovery will appeal to the court and the debt will be secured against your house.
This entire thing is performed by just changing the order if and the Global Debt Recovery succeeds in complaining against you to the County Court Judgement.
Is it Possible to Stop the Global Debt Recovery from Visiting your Home?
Yes, it is possible to prevent the people of Global Debt Recovery from visiting your home. There are certain organizations that can deal easily with those people. Before taking help from them regarding this matter, you must give full authority so that they can protect you.
Whenever you consult these organizations, they can prevent people from Global Debt Recovery to take any further action.
Can you Stop the Global Debt Recovery from Contacting you?
No, you can never stop the Global Debt Recovery from contacting you. On the other hand, on contacting you, they will be able to send important notices or letters that you must not ignore. Thereafter, you can also show up your contact preferences via different contact mediums like debts in writing. The mediums will be used by them instead of giving a call to you. They must listen to their preferences and are bound to do that.
What if the Global Debt Recovery won’t Stop Calling you?
This type of situation depends on the number of debts that you owe. Just like the other debt collection organizations, the Global Debt Recovery also has to follow some rules set by the Financial Conduct Authority.
Generally, the debt collectors cannot pose a threat or take any kind of legal action in their own way. Also, you need to be a member of the Credit Service Association. Only then the Global Debt Recovery might agree to work with the CSA’s code of conduct. Besides, they can’t send you the letters that look like the court forms.
The debt collectors also cannot act like they are having some legal powers, which they really might not have. Moreover, they can’t chase you for the repayments of your debts as well.
What if you Receive a Letter or Call from the Global Debt Recovery?
When you receive a call or a letter from the Global Debt Recovery, start gathering your money for the repayments. Before making any type of repayment, you must check some of the following things that are given below in detail.
Verify/Make Sure you Owe those Debts
The first and foremost thing you need to do is to check if you are having any debts by going through the letter of Global Debt Recovery. If you are confused about the debt they have mentioned in the letter, then contact your creditor agency. Try to get information about your debts that might be still outstanding.
Arrange a ‘Prove Debt Letter’
The Global Debt Recovery needs the exact proof that you need to show about clearing off your debts. The proof will be helpful to make them believe that the paid off debts are yours. After that, they don’t have any other options but to mark the debts as “Settled”.
In the proof of ‘debt paid off’ document, you must not sign by your hand. Instead, type your name or print it. Keep the original copy of the document with you in case you have signed using your hand.
Ensure the Letter is yours
It is quite common if the letters of the debt collection go to some other addresses due to some reasons. Besides, if you have recently shifted your residence from one place to another, the letter might go to your old address.
So, if you face this kind of situation, you need to contact the company and make them understand the situation. The company will check all the details and take some necessary steps regarding that.
Fortunately, this situation will not hamper any of your credit or rating points because credit files are attached separately with their own addresses.
Is the Global Debt Recovery a Permissible Debt Collector?
If you receive a letter from the Global Debt Recovery, know that they are genuine and legitimate debt collectors in the United Kingdom. So you must take the letter into consideration and go through it very carefully.
As you know that the Global Debt Recovery collects the debt for certain organizations that are already given above. Moreover, they also collect due taxes, outstanding credit taxes and many more.
The Global Debt Recovery is a permanent member of the Credit Service Association. It also has passed and got the approval of the Collector Accreditation Initiative that belongs to the CSA. It is like a badge that ensures that the organization works in a legal way.