If C and L Collections are chasing you, then you are already being hassled by letter on the phone and maybe receiving unwanted calls at work. The tactics they use daily to chase that debt you owe are borderline stalking and cause untold stress. So this blog is going to unravel their business and give you the tools and tactics to fight them back and beat them.
Who are C and L Collections
One of the largest debt collection companies in the UK they work with banks, mobile companies and credit providers. So if you owed £4000 on a credit card, they will purchase it for around £400. C and L Collections will then ask you for the full amount and add on monthly fees/charges if not paid back. An original debt of £4000 can soon become £8000 in no time at all. First, automated letters are generated and sent on mass (made to look official and individually typed) to your house. If ignored, an agent will contact you armed with a book of telesales scripts to be read and used. Time is money, so letters and first call will be an immediate ask for full payment. Although well rehearsed and executed, all of the above is empty rubbish and it is now time to turn the tables on these bullies and play them at their own game
Illegal tactic C and L Collections against you and your credit file
This is fact becoming public knowledge, but has been a little known tactic used by C and L Collections to speed up the process of getting you to pay back in full the debt. Most people when in debt, with a little help, could get themselves out of debt again, maybe a little loan or a credit card to tie them over until next months pay. However, once you have a default against your credit file that becomes hard if not impossible, until now… It turns out that nealry 70% of companies such as debt collectors, payday loan companies and credit card companies are submitting to the largest credit agencies like Experian, defaults far quicker than legally they should. Then try to contact you, saying they can remove if you pay debt back in full. So try this tactic now and I guarantee you will see your credit score improve immediately. I looked for a free to join, smaller credit agency, that most importantly allows you to dispute any/every negative listing against your file online, by simply clicking against the entry. If you see any defaults/negative marks on your file, click dispute on all of them and it will lodge with every agency in the UK, even if you think it should be there. I disputed everything from payday loans, to debt collectors and had 80% of them removed as they were unfairly lodged by the company. Check your file for yourself now, the free one I used was this one
First rule dealing with them, never talk to them on the phone. You only deal with them through letter and we are going to send them a load. First of al,l we are going to stop all the calls and texts by sending this letter to them. Second stage here, is to request a lot of information from them that will eventually force them to give up on you. By asking for original documents you signed as you deny having the debt in first place. You have to send them recorded delivery, so there is proof of sending and them receiving.
Offer them what they paid by way of letter and negotiation. Look at this way, you owed £4000 , didn’t pay, it got sold to C and L Collections , so you offer them what they paid and you save £3600.Then we need to send a letter saying we have been laid off at work, are waiting for benefits and can offer £xxxx only, as full and final settlement of the debt.
Multiple debts and just want rid of them? Make use of ‘Bad Debt’ Loopholes.
The problem with having quite a bit of debt, is it can become overwhelming and extremely stressful living day to day. As you may or may not know, anyone from banks, Credit Card providers, Payday loans and even Debt Collectors allow in their business models for, ‘bad debt’. There is a point with all those mentioned where the cost of chasing the debt exceeds the profitability of recouping the debt. At that point the amount of debt that can be wiped off your total debt especially if you have multiple debts is staggering. It is a ‘something is better than nothing’ mentality they adopt. I used a company to take care of mine, as sitting for 8hrs a day on the phone trying to get through to someone, wasn’t feasible. It is free to join and protects you from court action and bailiffs. They will contact all your creditors and end all the calls/letters/texts you get daily, whilst being able to force up to 80% of your debt to be written off as, ‘bad debt’. So if you want to end be rid of it all today check them out here
C and L Collections round 2
I will follow up this blog with a second wave of strategies to adopt in fighting them. So check back next month and list some more tactics for you. Remember, they have no real legal power, your pet dog has more legal power!