The Ultimate Guide to Moorcroft Debt Recovery Ltd

Is Moorcroft Debt Recovery Limited harassing you with letters and phone calls? If you’re reading this then that’s probably the case. For many people, being contacted by a debt collection agency is unnerving and a huge source of stress.

If this has never happened to you before, you may be wondering where to turn next. How do you handle this situation? What’s the first thing you should do? If you’re asking these questions, you’re reading the right guide!

In this guide, we’ll explain who Moorcroft Group are, what they do, and what happens if you don’t pay. We’ve also got lots more information and advice on all aspects of debt collections.

Even better, there’s also a way for you to write off up to 85% of your debts! If you’d like to find out how just keep on reading!

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Who are Moorcroft Debt Recovery?

First of all, who are Moorcroft Debt Recovery? They’re part of the Moorcroft Group Plc which specialises in credit management solutions such as debt collection. They’re one of the biggest debt collection agencies in the UK.

Moorcroft buys overdue debts from lenders and companies for a reduced price, and get their employees to chase you for the full debt amount. Their employees are known as agents, and they’ll frequently attempt to contact you through phone calls, letters, and even by coming to your home.

If you’re hearing from Moorcroft Debt Recovery, you likely owe a debt to one of their clients, and Moorcroft is trying to get you to pay up. It’s also likely that your credit file as been defaulted at this point, which can affect it.

Do Not Pay Moorcroft Debt Collectors Until You Get Advice From Experts

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Where are they based?

Moorcroft Debt Recovery is based in Greater Manchester, UK. Their headquarters are based in:

2 Spring Gardens, Stockport, Cheshire, SK1 4AJ.

Are they a legitimate debt recovery company?

Yes, Moorcroft Debt Recovery is a legitimate company. They’re authorised and regulated by the Financial Conduct Authority (FCA). The FCA operate stringent rules, so yes they are a bonafide company, and they are working within the law.

What legal powers do they have over me?

Despite what they may tell you, debt collectors, such as Moorcroft Debt Recovery Ltd, have no legal powers over you. They may try lots of tactics to get you to pay up, including making you think they have special legal powers over you, such as taking away your possessions.

It’s important to remember that this isn’t true. They may send one of their agents to your home, however, you are under no obligation to let them in. In fact, it’s strongly advised that you don’t.

Lock your doors and as long as you don’t invite them in, they cannot enter your home. If they do show up knocking at your door, they must leave as soon as you tell them to.

There are laws that say while they can chase you for the debt repayments, they must not harass you. As well as this, the Office for Fair Trading (OFT) has devised guidelines for debt collection companies.

They must:

  • Give you fair treatment, and should never use aggressive, unfair, or bullying behaviour, or lie to you.
  • Give you clear information and not mislead or confuse you.
  • Act in a considerate way if you’re going through difficult periods.
  • Take your personal circumstances into account and act appropriately.

Why is a third party contacting me about debt collection?

You’re being contacted by a third-party company, in this case, Moorcroft Debt Recovery, on behalf of a creditor that you owe money to. Or, as we mentioned earlier, Moorcroft has bought your debt from the original creditor and they’re looking to claim it back from you.

How do I get in contact?

If you’ve received a letter from Moorcroft, it’s best to contact them straight away. Unfortunately, ignoring them won’t solve the problem. Here is the Moorcroft Debt Recovery contact information:

  • Their contact number is: 0330 123 9765
  • They offer a live chat option
  • You can fill out a form if your enquiry is something specific

They’re open from 7:15 am – 9 pm Monday-Thursday, 7:15 am – 7 pm on Fridays, and 8:30 am – 4 pm on Saturdays.

You may feel uneasy or anxious when you contact Moorcroft Debt Recovery, but remember, to them you’re just a sum of money they have to collect. They’re not judging you, it’s nothing personal, and you’re not alone. Moorcroft Group contacts thousands of people every week.

How do debt collection agencies operate?

As we mentioned earlier, Moorcroft Debt Recovery is a debt collection agency. Most of the time they purchase debts in bulk from many different companies.

Then they go after the debtor for the whole amount. This is why you may not know who they are when they first contact you.

Although Moorcroft Debt Recovery are allowed to chase you for payment, they mustn’t harass you or make contact with you at unreasonable hours. Unfortunately, their idea of unreasonable is usually quite different from yours. They may make incessant phone calls, send several letters each week and visit your home as well.

This can be very difficult to deal with and may start to affect your mental health. If you’re struggling to cope, it’s strongly advised that you seek the help of a debt advisor.

They will have expert knowledge on how to handle these unpleasant situations and can help you decide which steps to take next.

Why is a debt collection agency contacting you?

If you’ve been in debt to a company or lender and you’ve received notices, you’ll inevitably hear from a debt collection agency soon. If you’ve had a call from Moorcroft Debt Recovery or you received a letter from them, don’t ignore it.

Unfortunately, they won’t just go away. If you choose to ignore them, they’re likely to get a County Court Judgement issued against you. After that, they can send in the bailiffs or get a charging order if you own your home.

Something else to remember, if you don’t respond, Moorcroft Debt Recovery are likely to contact you even more. Persistent phone calls, even with different numbers is a common tactic they use.

You’ll probably find that if you appear to be willing to sort it out, they won’t be as relentless with the attempts to contact you.

Another critical thing to remember is to not be intimidated by Moorcroft Group Plc. Seeking the help of a debt advisor is the best thing you can do in this situation, especially if this is your first time dealing with debt collectors.

What if I cant afford to pay back a debt?

If you can’t afford a debt that Moorcroft Debt Recovery is chasing you for, the best solution is to be upfront and honest with them. This means they can start working with you to create a repayment plan that works best for you. After all, they’d rather get some of the money out of you than nothing at all.

However, do not agree to pay anything that you know you can’t afford. Missing payments will just make you more stressed and complicate the process substantially. This is another situation where a debt advisor could help.

Can pay but won’t pay?

If you can pay your debts, you’re better off doing so. That way, you’ll have cleared your debt to Moorcroft Debt Recovery and you’ll be free from the burden and stress of it.

Simply refusing to pay when you can is not a good idea. You risk having a County Court Judgement being issued against you and then being taken to court.

If Moorcroft Debt Recovery sees that you’re refusing to pay and fail to get the money from you, they can take you to court. This is when the bailiffs can potentially be sent in.

Refusing to pay when you can afford to is not worth it. Your assets and home are at risk of being seized and it could affect your whole life

How to deal with debt collectors:

Having Moorcroft Debt Recovery chasing you can be emotionally and mentally draining. You may not know what to do, but you don’t have to struggle on your own.

Below, we’ve outlined what you should do if you’re contacted by any debt collection agency.

Seek debt advisor help:

Seeking the help of a debt advisor is the best decision, whether you’ve been through debt before or not at all. There are many different debt management solutions that will help you to start clearing it.

Your advisor will be able to suggest the best one for you depending on how much you owe and your current circumstances. A financial advisor can really help with Moorcroft Debt Recovery issues and everything you discuss with them will be kept confidential.

Check if you really owe a debt collection company money:

Before you pay anything to Moorcroft Debt Recovery, you must make sure the debt is actually yours. It’s the responsibility of the debt collection company to show proof that it belongs to you.

The easiest way of doing this is by demanding a letter of proof from them, clearly showing that the debt is yours to pay. If they can’t show you this letter, you do not have to pay them anything. Quite often, they can’t prove the debt and they simply mark it as settled.

Before you pay seek IVA help!

If you feel completely out of your depth with paying your debts off, an IVA may be the best course of action. An IVA is an Individual Voluntary Agreement. It’s a formal contract between you and the original lender that you’ll pay back an amount that you can afford.

This can be done either as a lump sum or as monthly payments over 5-6 years. After this time, the remaining balance, sometimes up to 80%, will be written off. This agreement needs to be carried out by an insolvency practitioner and the original lender must stick to it.

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Seeking the help of a debt advisor is a good idea in this case. They can take you through the process of an IVA and whether it’ll be a good option for you or not.

This method is ideal if you owe more than £6,000 and you’re worried about your home being repossessed.

FAQs:

How do I deal with Moorcroft Debt Recovery?

If you’ve heard from Moorcroft Debt Recovery, one of the most important things to remember is, don’t ignore them. It may be tempting to do so, but it will just spur them on to contact you more and more, causing more stress for you.

It’s best to contact Moorcroft Debt Recovery as soon as you can. If you can react early on in the debt collection process, it will make things much easier for you.

It’s also important to keep calm and not panic. There is help out there and you don’t have to struggle through it on your own. This is where a debt advisor can help you tremendously.

Should I pay Moorcroft Debt Recovery?

Before you pay Moorcroft Debt Recovery any money, it’s important to find out if the debt belongs to you. Sometimes mistakes can be made and you need to make sure you’re not paying them when you have no obligation to.

As we talked about earlier, you can do this by asking for a letter of proof. Remember, it’s the responsibility of Moorcroft Debt Recovery to prove you owe money. If they can’t provide this proof, you’ve nothing to pay!

What happens if I don’t pay Moorcroft Debt Recovery?

It depends on the situation. If you can pay but you simply refuse to, then you’re at risk of Moorcroft Debt Recovery having a County Court Judgement issued against you. This, in turn, means the Bailiffs may be sent in.

If you can pay, and the debt is definitely yours, it’s strongly advised that you pay it. If you can’t afford to pay it back, be completely honest with Moorcroft Group. This gives them a chance to come up with a payment plan for you. You can find Moorcroft Debt Recovery contact information on their website.

If you’ve explained that you can’t afford it and you experience difficulties with them, seek the help of a debt advisor straight away.

Whatever you do, don’t commit to a payment plan unless you know for sure you can afford it. Agreeing to something too expensive for you will only create more problems and stress for you. Your aim is to get yourself out of financial distress.

Is Debt Recovery Plus Ltd legitimate?

Debt Recovery Plus is the top collection company of parking fines and charge notices, which is an extremely common fine handed out in the UK. They are based all over the country and offer debt collection services, as well as investigating debts and enforcements.

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Debt Recovery Plus is registered in England. They’re not authorised and regulated by the Financial Conduct Authority. However, they’re authorised by the British Parking Association and tend to stick to their guidelines.

They also receive regular audits from the DVLA to make sure the data and information they handle isn’t treated incorrectly.

List of Debt Collection Agencies UK

Here is a list of all the debt collectors in the UK.

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