The idea of paying Are You Owed Money company is only sometimes applicable. However, looking the other way might lead you down a dangerous path. But there is a silver lining. There are several alternatives available to you.
I’m here to assist you. You will explore all about Are You Woned Money. This article can help you beat them and get a good review about the company. So do not stop reading.
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Beating Are You Owed Money Debt Collectors
Surprisingly, there are ways to beat “Are You Owed Money debt collectors”. It all starts with understanding your rights. Pay attention to their communications. But know that you have options. It’s all about choosing the correct path for your personal circumstances.
You might think that they will give up chasing. That’s not likely to happen. Most debt collectors are persistent. But what if we told you there are effective ways to navigate this challenge? You might put your total interest to get a better review. So why stop here? Let’s move on.
What is Are You Owed Money Ltd?
Are You Owed Money Ltd is a debt collection company based in Preston. They recover unpaid account arrears and debts. Their clients range from individuals to large corporations. They generate revenue by charging fees for their services, assuring profitability. Don’t assume they’re a fraud if they contact you.
They are a company that has been authorised and regulated by Financial Conduct Authority (FCA). But Yes, their methods can raise eyebrows. You might wonder why that is. Let’s explore the reviews of Are You Owed Money Ltd. These reviews will help you make a clear picture of their operations.
Reviews of Are You Owed Money Ltd
Several clients have voiced concerns regarding Are You Owed Money Ltd. Some claim they were not paid out after their debts were recovered, while others complained about the high fees. It’s an alarming scenario that might have you questioning, “Should I pay to Are You Owed Money Ltd?” You’re about to find out.
I would highly recommend them. We had a real issue in getting paid from a debtor. I spoke to my case manager to explain the situation we were having, and we were then sent a few forms to fill in, which were very easy to complete. Excellent communication to let me know what was going on, and within two weeks, the matter was resolved, and the debtor paid. I highly recommend them, and if needed to resolve any further issues, I would use the company again.
Diane
A pleasure to talk to both James and Ray. I have been working with both James and Ray in retrieving payments owed. It has been a pleasure dealing with them both, and they have done an excellent job! Thank you both.
Joanna
Is Are You Owed Money Ltd Bailiffs?
No, Are You Owed Money Ltd is not a bailiff company. They can put clients in touch with enforcement agents. So, you cannot exactly ignore Are You Owed Money Ltd. Let’s delve deeper into more facts.
Have You Received an Are You Owed Money Ltd Debt Letter?
Receiving a debt letter from Are You Owed Money Ltd can be stressful. Such letters, known as Letter Before Action (LBA), serve as warnings before court action is taken. It’s essential to pay attention to these LBAs.
You’re probably thinking, “But what if I don’t owe this money?” Don’t worry; we have a solution. Keep reading to find out about them.
Or simply reach out to our MoneyAdvisor team for solutions on how you can become debt free and avoid the stresses of dealing with debt collectors.
Are you struggling with unaffordable debt?
- Affordable repayments
- Reduce Pressure from people you owe
- One simple monthly payment
Can Are You Owed Money Ltd Take You to Court?
No, Are You Owed Money Ltd can’t take you to court themselves. But if you disregard payment demands, Are You Owed Money Ltd may urge its client to pursue legal action against you. The client will determine whether or not to employ litigation.
Yet, Are You Owed Money Ltd may continue to threaten legal action since debt collectors frequently use the fear of legal action as a scare tactic. Therefore many individuals elect to pay the debt to get rid of them because of fear of going to court.
Can You Ignore Are You Owed Money Ltd?
No, We strongly suggest you not to ignore Are You Owed Money Ltd communication. Let us walk you through step by step how they will react if you keep ignoring their requests.
As you can see, it’s not a flowery road you can go through if you keep ignoring their requests. There is plenty of time in between these procedures. Therefore start taking action now to find a reliable solution to your debt issue.
Should You Pay Are You Owed Money Ltd?
No, but ignoring Are You Owed Money Ltd and paying them is not the same thing. Although you should not disregard them, you are not required to pay them immediately. Depending on your circumstances, there are alternatives. You just need to keep finding the best solution that matches your specific debt issue.
What Other Options Do You Have?
It’s vital to take a step back and assess your other options before you dive into paying Are You Owed Money Ltd. After all, understanding is powerful. This in-depth exploration will reveal the alternate routes. Therefore you can take one, simplified to the understanding of you.
This should be the first and most crucial step. It is important that confirm the legitimacy of the debt. Debt collectors like Are You Owed Money Ltd are required to prove the enforceability of the debt they claim you owe them.
- Send a Prove the Debt letter to the company. It’s a formal way of asking them to validate the debt.
- They’re not legally allowed to continue pursuing you for payment if they can’t provide legitimate proof within 30 days.
It might sound interesting. But wait, there’s more to explore.
In the UK, there are several well-established debt solutions designed to assist people. They help you in managing your debt efficiently. So you have many options with you. You might wonder which is the right one for you. The following three are some of the most commonly used methods:
An Individual Voluntary Arrangement (IVA) is a kind of formal agreement. This agreement is between you and your creditors. It allows you to repay your debts in affordable monthly instalments. The time period is set already fixed to make the payments. It is typically a five-year time period.
- You’ll make a single affordable payment each month.
- Interest and charges are frozen.
- Creditors can’t take further action against you.
A Debt Relief Order (DRO) is suitable for people with a low income, few assets, and debt under £20,000.
- A DRO lasts for a year.
- You don’t have to make payments towards your debt during this period.
- At the end of the DRO, if your financial situation hasn’t improved, your debts will be written off.
Bankruptcy is the last resort when dealing with debt. It involves declaring that you cannot pay off your debts.
- It’s typically discharged after a year.
- Most debts will be written off.
- It may affect your employment and living situation.
Exciting information, isn’t it? But how can you decide what is the route for you? For this, you might need to seek professional advice. We will help you to know who are the professionals in this debt field.
Each debt solution comes with its pros and cons. Consequently, it’s essential to seek professional advice before making any decision.
- Contact a reputable debt charity or a financial advisor.
- They can provide tailored advice based on your unique situation.
- This can help you choose the most suitable debt solution.
Now that we will provide you with these alternatives. You may feel more equipped to handle Are You Owed Money Ltd. Hopefully, you feel a sense of empowerment. But we’re still going. Stay tuned for more.
Will They Give Up Chasing?
Debt collectors, unfortunately, are known for their perseverance. This does not imply that you are helpless. It all boils down to knowing your rights. Also, making informed decisions can keep you up. You may want to know more about it. We’ll discuss it next on the next chapter.
Other companies, such as
- Lowell Group
- Portfolio Recovery
- Cabot Financial,
are frequently accused of purchasing Statute Barred debts and then pursuing victims for payment.
More Debt Support and Help
Remember, you’re not alone in this journey. Numerous UK debt charities offer personalised support. Always seek professional advice to explore all your options. For specific assistance, contact one of the top UK debt organisations. They are
- Debt Advice Foundation
- Money Wellness
- MoneyPlus Advice
- StepChange Debt Charity
- Community Money Advice
- PayPlan
- Citizens Advice
- National Debtline
You can visit the national debt advice page for more information.
Key Points
- Are You Owed Money Ltd is a debt collection company authorised and regulated by the Financial Conduct Authority (FCA).
- The company works for various clients to recover unpaid account arrears and debts from individuals and other businesses.
- Are You Owed Money Ltd has received negative reviews from both debtors and clients, including complaints about delayed payments and high fees.
- Are You Owed Money Ltd is not a bailiff company, but they can urge their clients to contact enforcement agents if needed.
- The company may contact debtors frequently, including sending a Letter Before Action (LBA), which allows for coming to an agreement before court action is taken.
- Ignoring Are You Owed Money Ltd could lead to legal action and the possibility of a County Court Judgment (CCJ) and debt enforcement actions, including bailiffs.
- Instead of immediate payment, debtors can check if the debt is still enforceable, ask for proof of the debt, and consider payment plans, settlements, or debt solutions.
- Debt collectors like Are You Owed Money Ltd are often persistent in chasing debts; waiting it out is not a reliable strategy.
- Seeking personalised support from UK debt charities for further assistance and guidance to avoid further arrears is a good move to make if you find hardships in dealing with debt collectors like Are You Owed Money Ltd.
FAQ
Is, Are You Owed Money Ltd a legitimate company?
Yes, Are You Owed Money Ltd is a registered company in the UK. They are registered in the address Unit 4a, Edward Vii Quay Navigation Way, Ashton-On-Ribble, Preston, England, PR2 2YF, since 9 April 2014, under the registration number 08987565.
They are also registered under the Financial Conduct Authority (FCA) under Reference number 664900 and are bound to abide by the regulations of the FCA.
I have received a debt letter from Are You Owed Money Ltd What should I do?
First, do not panic. Verify the debt by asking them to provide proof. If the debt is legitimate, explore your options and consider seeking professional advice.
Can Are You Owed Money Ltd take me to court?
Yes, If the debt is valid and you fail to make arrangements to pay, Are You Owed Money Ltd could take you to court. So it is necessary to make the payments at the right time. If not, inform them beforehand about your situation and request a payment plan.
Can I ignore Are You Owed Money Ltd?
NO, Ignoring Are You Owed Money Ltd reach outs could lead to further complications. It is always the best way forward to address the issue, verify the debt, and seek professional advice.
Can I ignore Are You Owed Money Ltd?
NO, Ignoring Are You Owed Money Ltd reach outs could lead to further complications. It is always the best way forward to address the issue, verify the debt, and seek professional advice.
Should I pay Are You Owed Money Ltd?
If the debt is valid, you will need to address it. However, you may have various options on how to handle it. Before rushing to pay, consider exploring all your options and seeking professional advice.
