You may have already received an unexpected letter from Hillesden Securities Ltd Debt Collectors. Plus, you may be already wondering if the debt is genuinely yours. Every person who receives a debt letter from Hillesden Securities Ltd Debt Collectors does not end up settling their debts.
But at the same time, it is not wise to ignore their reachouts, as ignoring their reachouts could escalate to a situation where you might not be able to solve the issue easily.
Let us walk you through your options…
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Getting a surprise letter from Hillesden Securities Ltd Debt Recovery might leave you feeling anxious. Fear not. We’re here to demystify the situation for you.
Questions might be swirling in your mind:
- “Do I really owe them?”
- “Do I have to settle the debt?”
- “What will happen if I’m unable to pay?”
The answers to these questions are crucial and might just change how you view your next steps with Hillesden Securities Ltd. But what are these answers, and how will they impact your situation? Stay tuned to find out.
Who Are Hillesden Securities Ltd?
Hillesden Securities Ltd, often encountered in your mailbox as a letter from a debt collector, is a debt collection agency that operates in the UK. They are a member of the larger debt collection company, namely Cabot Credit Management Group, under the dlc wing.
They are the same guys who trade under brand names such as Hillesden Finance, Hillesden Leasing, Direct Legal & Collections, and dlc.
They specialise in collecting debts for various businesses and government organisations, and they may also buy debts at a discount, aiming to profit by collecting the full amount owed.
Below are some of the services they offer according to their website.
Below are some of the facts that may help you to verify their legitimacy.
As you can see, Hillesden Securities Ltd is a legitimate company that has been operating in the UK. Therefore, we strongly suggest you to not to ignore their reachouts, thinking they are a scam.
For that, let us walk you through your options to find a reliable debt solution to your debt issue.
Why Are Hillesden Securities Ltd Contacting Me?
There can be mainly three reasons for a debt collection agency, like Hillesden Securities Ltd Debt Collection Agency, to get in touch with you.
Whatever the reason, you need to get in touch with Hillesden Securities Ltd Debt Collection Agency and explore further about their debt letter. But before you get in touch with them, there are some things you need to be aware of first.
Most likely, If you’re receiving letters or calls from Hillesden Securities, it means they believe you owe money. This debt might be originally owed to one of their clients, or they may have purchased your debt.
Now, the question arises: should you engage with them? Keep reading. You will find out about them eventually within this article.
What Should I Do if Hillesden Securities Ltd Contact Me?
First, don’t panic. Debt collectors like Hillesden Securities can be intimidating, but they can’t harm you physically or illegally enter your home. If they contact you, the best course of action is to remain calm and understand your rights.
But what if you’re unsure about the debt? Let’s delve into that next.
Do You Actually Owe the Money?
You might also get surprised if you receive a debt letter from Hillesden Securities Ltd debt collection agency asking you to settle a debt for the first time. Let me walk you through some general steps to follow in these types of situations.
Remember to keep a copy of the request letter and to send it via a traceable mail service. These proof documents come in handy if things escalate to a court issue without you getting a reply from them.
Their reply should at least include a copy of the initial credit agreement you had with your original creditor. Sometimes, even if you find a reference to the debt stating you really owe them from your home. Yet, they might fail to provide you with written proof to verify the debt.
You are not required by law to settle the debt until they provide evidence to prove you owe them.
Sometimes, your debts with Hillesden Securities Ltd Debt Collection can become legally unenforceable if they are sorted under the Statute-Barred debt category. There are 3 main conditions you need to fulfil simultaneously in order to get a Statute-Barred excuse from the court.
This includes:
Your debt becomes statute-barred if the above three conditions are fulfilled at the same time. As a result, your debt becomes legally unenforceable. However, the debt technically still exists. Simply, it only means that they cannot go to court against you if you decide to ignore paying the debt.
But just because your debt becomes legally unenforceable, it does not mean your credit history will clear your debt as well. Instead, receiving a Statute-Barred excuse for your debt will negatively affect your credit history.
As a result, you may face difficulties in getting new loans and credit cards in the future.
However, not all debts become statute-barred. HMRC debts and debts with a County Court Judgment (CCJ) remain enforceable for extended periods.
Consider seeking legal advice if you’re unsure about how to proceed or if you believe the debt is not valid. A solicitor or a debt advisor can provide guidance on your rights and options.
We have mentioned some of the organisations where you could gain help for free by the end of this article.
I Owe the Money. What Next?
The easiest way to stop communication with them is by settling the debt in one go if the Hillesden Securities Ltd Debt Collection proves you really owe them.
Or you can discuss with them to get acceptance for a payment plan if you are facing hardships financially. You need to discuss with them in a manner they get convinced enough that your financial situation is not strong enough to settle the debt in one go.
To establish a repayment plan, assess your financial capacity by calculating your monthly expenses and comparing them to your income. It’s crucial to include all expenses for an accurate evaluation.
Surely, they will grant you a payment plan after considering all the facts. Their decision can become strict depending on the current stage of the proceedings. After all, they want to recover the debt.
Therefore, you will surely find a common ground to agree to a mutually agreeable arrangement.
Keep reading. There are Other Ways to handle your debt issue if discussing a repayment plan with Hillesden Securities Ltd debt agents did not succeed as you expected.
Imagine you’re in a tight spot with Hillesden Securities Ltd, where you are unable to make monthly payments but have a saving of lump sum money as your last resort. Here’s a ray of hope: the Full and Final Settlement Agreement. This could be your ticket to clearing your debt for less than you owe.
But how does it work, and what should you be careful about?
- Settling for Less: Say you owe £2,000. You’re strapped for cash and can’t commit to a regular payment plan. However, you already have a saving of £1600, which is the last resort you have financially.
- Hillesden Securities Ltd might agree to take this £1600 as a complete settlement if your story is convincing and provable enough.
- Get It in Writing: Before you hand over any money, ensure you have the agreement in writing. It is to avoid any future disputes. You don’t want to pay £1600, thinking you’re free of debt, only to have Hillesden Securities chase you for the rest later.
So, you have a lump sum and think a full settlement might work for you. For tha, simply contact Hillesden Securities and start negotiating. But remember, this option hinges on their agreement.
Curious about what to do if you can’t pay anything at all? The next section has some surprising options.
What if I Cannot Afford to Pay Anything?
Sometimes, you may face difficulties in agreeing to the proposed payment plans from the Hillesden Securities Ltd Debt Collection Agency, especially if they are financially burdensome.
In such situations, it is advisable to explore alternative debt solutions that can effectively address your debt-related concerns. In the UK, there are various alternative debt solutions to consider.
However, it’s crucial to keep in mind that each of these debt solutions has specific eligibility criteria. Selecting the right one can lead to debt resolution, while choosing the wrong one could worsen your financial circumstances.
Hence, seeking guidance from a professional debt advisor is a prudent step to take if you find it challenging to determine the most suitable debt solution on your own.
- This MAP option is known for its speed, cost-effectiveness, and simplified process, making it a practical choice to explore.
If you need personalised assistance based on your current financial situation, please feel free to complete our online form by clicking here to receive help from our Advice Team.
What action can Hillesden Securities Ltd Debt Debt collection agents can take against me?
Let us walk you through how any debt collection agency in the UK, including Hillesden Securities Ltd Debt Collection Agency, will practice their debt collection procedures in general. This explanation will help you understand what will happen to you if you ignore them.
For that, Hillesden Securities Ltd agents will send you an initial notice letter noticing their involvement and requesting for you to settle the debt. After the initial letter, they will use all normal communication methods such as letters, emails, and phone calls to get in touch with you and convince you to pay.
Then, they sent you one last letter titled Letter Before Action (LBA). With this LBA letter, they inform you that they will take your debt issue to court if you do not get in touch with them or settle the debt before the due date mentioned in the letter.
Surely, they will take your debt issue to the court to solve it. And the judge will issue a County Court Judgment (CCJ) against you if the debts are proven true.
A CCJ makes you legally responsible for the debt. It will be recorded in your credit history and in the public registry for 6 years if you do not settle the debt before passing 30 days of receiving the court order.
Otherwise, the status of the CCJ will be updated to “satisfied” if you manage to settle the debt passing the initial 30-day window.
Receiving a CCJ will negatively affect your credit history. As a result, you may find hardship in getting new loans and credit cards in the future.
The Hillesden Securities Ltd Solicitors Debt Collection agents will go to court to take a warrant or a writ of conduct to use bailiffs to visit your home and seize belongings if you ignore the initial CCJ conjugation.
Initially, the bailiffs will send you an enforcement notice notifying you that they will visit your home in 7 days. With the warrant in hand, the bailiffs will visit your home and seize your belongings if you do not settle the debt.
Then, the seized goods will be stored in a warehouse and eventually sold in an auction to cover their expenses and total debt.
As you can see, it is not wise to wait till things escalate to this extent. There is plenty of time in between these procedures. We strongly recommend for you to use that time to find a reliable solution.
Could Hillesden Securities Ltd Debt Collection Really Ruin My Life?
The impact of dealing with debt collectors, including Hillesden Securities Ltd, can be significant. It’s true. Not all debt collectors play by the rules. Some might use intense tactics, leading to distress and anxiety among debtors.
Remember, it’s not just about the money; it’s about handling the situation in a way that doesn’t harm your well-being. But what about the legal side of things? How are debt collectors regulated? Stay tuned to find out!
What You Need to Know About Hillesden Securities Ltd Debt Collection
Navigating the complexities of dealing with Hillesden Securities Ltd Debt Collection requires a good grasp of their strategies and your legal rights. Here’s a detailed breakdown:
Debt collectors, including Hillesden Securities Ltd Debt Collection, operate on the basis of profit. They purchase debts at a low cost and employ agents with targets and incentives, motivating them to secure payments.
Hence, their agents may sometimes resort to persistent and aggressive tactics.
Debt collectors are relentless and won’t give up easily. Ignoring letters or calls won’t deter them, and they will continue their efforts until all avenues are exhausted or legal time limits expire. As a result, sometimes you may experience constant phone calls, a number of emails and letters.
They might even do home visits to urge you into settling the debt in extreme cases where you ignore them for a long time in all other normal communication methods. As you can see, it’s not easy to avoid communication with them in the long run.
Sometimes, you may experience the following behaviours from debt collectors.
- Handling Aggression: Encounters with forceful agents can be challenging. They may initially be polite, but this can quickly change if they realise payment isn’t immediate. It’s important not to internalise this aggression.
- Abuse is Not Acceptable: If an agent becomes abusive, it’s crucial to know this isn’t something you should tolerate.
It is advised to document excessive contact (recording their interactions and voice calls included) and report any abusive behaviour to the Financial Ombudsman Service (FOS).
Keep in mind you need strong proof to make a complaint and make an impact on them.
It may be surprising, but certain debt collectors go to the extent of sharing details about the debt with third parties, even if it’s a family member. Such actions are entirely inappropriate.
The debt collector should only communicate about the debt directly with you and no one else. If they engage in this behaviour, they are violating various laws, including privacy laws, and it is advisable to consider reporting them for such breaches.
Most of the debtors tend to think that debt collectors and bailiffs are the same. But in reality, it’s not. Here is a small comparison between debt collecting agents and bailiffs to give you an idea about them.
| Role: Authorised by the court to enforce debt payment. | Role: Hired by creditors to recover unpaid debts. |
| Authority: Have legal powers. Can enter homes and seize assets. | Authority: Operate within civil law. Cannot enter homes or seize assets. |
| Action: Involved after legal proceedings that may include seizing possessions to cover the debt. | Communication: Contact debtors to negotiate and encourage voluntary repayment. |
Because of these facts, you should be aware of your rights and report any deceptive actions.
How to make a complaint against Hillesden Securities Ltd Debt Collection Agency?
Hillesden Securities Ltd Debt Collection Agency is bound by law to adhere to the rules and regulations set forth by the Financial Conduct Authority while in their pursuit of debt recovery. This implies that you possess certain rights in your interactions with them.
The following are actions they are prohibited from taking when handling your case:
If you believe they have violated any of these regulations, you have the right to file a formal complaint.
For that, It’s better to make a complaint to the Hillesden Securities Ltd Debt Collection Agency head office about the unethical practice their agents conduct on you, giving them a chance to solve the issue internally.
Then, as your secondary measure, in the event that the issue is not satisfactorily resolved, you can escalate your concerns to the Financial Ombudsman Service (FOS). The Hillesden Securities Ltd Debt Collection Agency may end up paying huge fines and compensation if they are proven guilty of your accusations regarding unethical debt collection practices.
Keep in mind always to provide provable proof in order to make your complaint case strong. Otherwise, it will become a waste of time since there is no proof to prove your issue. For that, make sure to document and record every communication you had with them.
Should You Check For Other Debt Collectors?
You need to be aware of other unsettled debts you have with other companies or debt collectors. Here is a summarised breakthrough for you to follow and track your debts.
Ensure you’re not overlooking any debts. Here’s how:
- Credit Report: Examine it for any defaults.
- Communications: Peruse emails and postal reminders or overdue notices.
- Legal Stand: Look up court records for CCJs you might have.
- Bank Statements: Search for unfamiliar names that might be debt collectors.
Hundreds operate in the UK, each associated with diverse companies.
- Cabot Financial: Often associated with the DVLA.
- Lowell Financial & PRA Group: Famously acquire debts from credit card giants like Barclaycard.
Summary
Being contacted by Hillesden Securities Ltd can be unsettling but don’t panic. They can be persistent, so it’s best to stay calm, be informed, and get everything in writing. Remember, there are several ways to handle your debt situation, even if repayment seems out of reach. Being informed and prepared is your best defence.
Hillesden Securities Ltd Debt Collection Agency’s Contact Details
Since Hillesden Securities Ltd Debt Collection is now owned by Cabot Credit Management Group, you need to get in touch with Cabot Credit Management Group’s member dlc company to deal with your debt issue.
Effective communication with debt collection agencies can often lead to more favourable outcomes. Here’s how you can reach them:
| Website: | https://www.cabotcm.com/en/businesses/dlc/ |
| Telephone: | 0344 980 0185 |
| Address: | Buckingham Road, Brackley NN13 7DN |
| Also Known As: | Hillesden Securities Ltd, Hillesden Secs, Hillesden Securities Brackley, Hillsden Secs, Hillsdon Secs, Hillesden Dect Collectors, Hillesden Securities Debt Collectors, Hillsden Securities, Hillsden Securities Ltd, Hillsdon Securities Ltd, etc. |
Debt charities are here to help!
If the complexities of debt have you feeling cornered, remember there’s always help available. Organisations like National Debtline and StepChange provide stellar support to those in need.
Empower yourself with knowledge and seek assistance when needed. You’re never alone in this.
Key Points
- Hillesden Securities Ltd Overview: A debt collection agency that is part of the Cabot Credit Management Group, Hillesden Securities Ltd collects debts on behalf of businesses and government organisations and purchases debts at a discount.
- There are a number of individuals in the UK who have managed to write off a portion of their debt using debt solutions available in the country.
- Reasons for Contact: You are contacted by Hillesden Securities Ltd because they believe you owe money. It can be either to one of their clients or to them if they have purchased your debt.
- Response to Contact: If contacted, it’s important not to panic. Know your rights: they can’t imprison you or forcibly enter your home. Always verify the debt and request proof of debt from Hillesden Securities Ltd.
- Ensure that you actually owe the money as claimed. Debts could be already paid, belong to someone else, or be statute-barred.
- If you cannot afford to pay in full, Hillesden Securities Ltd should agree to a repayment plan that allows you to pay off the debt in instalments based on your financial capacity.
- You can negotiate to settle the debt for a lower amount if you have a lump sum available but cannot make monthly payments.
- Insolvency Options: If you cannot afford to pay anything, consider insolvency solutions like Debt Relief Orders (DROs), Individual Voluntary Arrangements (IVAs), or bankruptcy, each with its own requirements and consequences.
- Hillesden Securities’ Collection agents may use various methods to collect payments, including contacting at inconvenient times and sending official letters with legal threats.
- Rights and Protections: Understand your rights regarding debt collection and ensure you have all agreements in writing to prevent misunderstandings.
- Stay informed about your debt situation, your rights, and the options available to you for managing or settling your debts.