If SLL Capital Limited 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 SLL Capital Limited
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. SLL Capital Limited 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
Chased by SLL Capital Limited and have many other debts, how can I get rid of them all?
If you have multiple debts, such as bank loans/credit cards/payday loans, I can guarantee the stress is affecting everything you do daily. I was in this exact position, except for me, it was also the calls to work and the depression that came with it all. As you probably know, when debt reaches a certain limit over a duration of time, you can legally force them to accept final settlement/payment for as low as 10% of total debt. It takes time and paperwork, so I started searching for a company to do this for me.These guys are brilliant and literally gave me my life/sanity back. No matter what your situation, they will sort this by the end of the day, check them out here
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 SLL Capital Limited, 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
SLL Capital Limited 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!