Not all individuals end up settling down their debts to the CDER Group Debt Collecting agency by default. However, it is crucial not to neglect this matter simply.
This could escalate into a more serious situation if not properly sought out. Let me explain your available options in detail.
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CDER Group: Who Are They?
The CDER Group plays a crucial role in the UK’s debt enforcement landscape. It is an enforcement service-providing firm. And they specialised in recovering debts subject to court orders.
They have a track record of recovering over £250 million of unpaid debt over the past few years. Those reclaimed debts range from road fines to council tax arrears, High Court debts and many more.
It’s not the world’s end. So don’t fall down yet. Keep following the post. You will find some strong arguments and tricks that you can use to find a solution to your specific debt problem with them.
Unfolding the CDER Group Limited
The CDER group limited is not just a single company. They encompass three other companies in the debt-collection sector.
Namely:
2. Phoenix,
3. and Collect Services.
Any arrangements you once had with these entities are now managed by CDER group limited. Let’s delve into the operations of them a bit more. Shall we?
Who owns them?
A multi-national OUTSOURCING Inc. group of companies acquired the CDER Group in April 2016.
How CDER Group Operates
The CDER Group is backed by experienced enforcement agents. Have you ever heard the term “Bailiffs” before?- That is the short form commonly used by people to identify them.
They follow a strict process to recover unpaid debts. The notable twist here is that their service fees are added to the debtor’s balance. Thus the total debt equation changes as follows:
Total debt = Court-ordered Fine + Bailiffs service fee.
Some words are popping into your mind, right?
Yes, the debtor ends up paying extra to cover the bailiffs service charges. This can be really expensive to bear alone.
Is this lawful? Wait and read on to find out.
Legitimacy and Regulation of the CDER Group
First, let’s establish this without a shred of doubt: the CDER Group is indeed a legitimate firm. Simply go to GOV.UK and search for their company name if you need more proof.
- The company was incorporated in December 2000.
- Their company number is 04118149.
- It is Situated in the bustling heart of London.
They carry out their operations professionally and under strict legal parameters.
Now, you may be wondering,
The answer is the Financial Conduct Authority (FCA). The FCA plays an instrumental role in keeping debt recovery firms like the CDER Group in check. They ensure all processes align with the law. And leaves no room for shady practices.
But what happens if these rules are disregarded?
Now, that’s an excellent question. Let’s dig deeper together.
Role of Financial Conduct Authority (FCA)
In the vast and intricate world of financial services, the FCA serves as a lighthouse, guiding firms like CDER Group Limited. They enforce regulations and standards, maintaining fairness and integrity in the industry.
Well, let’s say the consequences of crossing the FCA are not something any firm would take lightly.
CDER Group debt-enforcing agents must always work according to the law when enforcing to claim an unpaid debt.
Their official website provides a comprehensive compilation of the legislation they adhere to. You can access the complete list by visiting their website directly here.
You can report to the Financial Ombudsman Service if any debt-collecting firm fails to abide by the rules of the FCA.
As a result, the alighted firm will face the following:
2. Pay a Fine,
3. And the worst of all, Receiving Sanctions.
4. In extreme cases, it may even lead to the revocation of the company’s license to operate.
Do you see the potential impact of not complying?
It’s not just about avoiding penalties; maintaining compliance with FCA guidelines is also about ensuring fair and proper treatment of clients. This means the CDER Group must follow a strict code of conduct when dealing with debtors.
Do you wonder how they achieve this?
CDER Group employs a transparent and empathetic approach in their operations.
They:
2. Provide clear communication,
3. And offer manageable repayment plans.
They understand that debt recovery is a sensitive matter. Thus treating clients with respect is the key.
But does this guarantee they’ll always do the right thing?
Being a legitimate company, the CDER Group values its reputation. They understand that adherence to the FCA guidelines not only keeps them out of legal trouble. But also builds trust with their clients.
Clients often ask, “Can we trust CDER Group with our debts?” The simple answer is yes, and their compliance with the FCA regulations serves as proof.
What happens if you don’t pay CDER Group?
CDER Group will not sit back quietly if you don’t pay. They will take actions that may increase your debt. And also can cause you significant inconvenience.
Have you ever imagined someone coming to your home to demand payments? It’s unimaginable scenery, right? The neighbors will be watching. The police will show up if the sound keeps getting louder.
We can imagine how you are feeling right now. Let’s see what we can do to prevent this from happening.
They will send representatives(bailiffs) to your home. As we discussed before, this will automatically trigger an additional fee (Bailiffs service fees).
Now, that’s where things get serious. You will have to face two scenarios at once.
Namely,
2. Negative impact on your credit Score.
Let’s discuss these scenarios further:
Ignoring the initial warnings can lead CDER Group to escalate the situation. They might proceed with an asset seizure.
This means representatives(bailiffs) from the CDER agency will come to your home again. But this time they will take away your goods. The items seized will then be sold at auction to offset your debt.
Wait, Wait. You read the word “Possibility” at the beginning of the title, right?
Therefore stop worrying about losing everything you own. There are limitations on what they can and cannot take by LAW. Keep that in mind.
You need to know “what bailiffs can and cannot do?” to understand these limitations first.
For that, we dedicated a separate section within this article to give you a broad picture of it. So keep reading. You will find out eventually.
2. It will make your future credit accessibility a challenge.
The implications of not paying CDER Group are indeed severe and long-lasting. One such consequence impacts your credit file directly. Failure to pay your debts will be noted on your credit report.
And this will significantly and negatively affect your credit score. Are you aware of how crucial a good credit score is?
A low credit score will make it notably difficult for you to secure a credit loan in the future.
You might struggle to:
2. Apply for a personal loan,
3. Apply for even a credit card even.
4. The worst case that can happen is that you might not be able to secure any credit at all.
Do you really want to put yourself in such a precarious position?
What power do bailiffs have inside the UK?
It’s crucial to know their authority and limitations despite the daunting thought of a bailiff visit.
They
2. Ask for payment,
3. Or seize belongings equal to the debt value.
But they Cannot:
2. Handle you physically.
3. Take aid from a locksmith to open the door.
4. Enter through any window. (Better to close and lock them for more safety)
5. Some of your personal and household items are protected by law to seize out.
But “does this make the situation simpler to deal with?” Let’s delve deeper.
A bailiff can Only Enter if:
2. And your payments have defaulted by them.
In this situation, They will seize the items mentioned in the CGA. Those items will be sold in an auction to cover your debts and bailiff service charges.
Still, are you worried about a bailiff visit? Read on.
Should you pay CDER Group Debt Collection?
Absolutely YES. It is better to settle the debt you owe to CDER Group Debt Collection as fast as possible. Otherwise, they will keep adding bailiff charges to your debt as late as you wait.
If you read the above sections carefully,
You might have realised by now that settling their debts quicker gives fewer problems in return. So reach out to them soon as possible.
They have affordable payment plans if you can’t pay the debt in a one-time payment. Do not miss out on any instalment you agreed on with CDER Group.
As we discussed above, this will lead to severe problems if you do not pay on time.
Tactics to Thwart CDER Group Bailiffs
So, how do you handle a bailiff visit?
2. Agreeing to a payment arrangement,
3. Or inform them that you’re a vulnerable person.
Here “vulnerable person means” there is a law that prevailed in the UK stating that bailiffs cannot visit homes with vulnerable persons.
Some examples of the Vulnerable people category are
2. Single parents,
3. heart patients,
4. and Persons with severe health issues,
5. or a person who isn’t fluent in English
Hold on. There’s more to it.
Need more help in dealing with your debt?
There are a number of debt solutions available in the UK that you could use to write off some of your debt. But keep in mind that choosing the right solution will aid you in writing off some of your debt while choosing the wrong one will worsen your debt situation.
Here, the key is to determine what debt solution suits your personal financial situation in the best way possible.
Fill out below online form to get started
Are you struggling with unaffordable debt?
- Affordable repayments
- Reduce Pressure from people you owe
- One simple monthly payment
Aid in Dealing with Debt: Who can help?
Several charity organisations in the UK provide free advice for individuals like you who are struggling with debt.
Below shows a list of institutes that can help you to solve this issue.
2. National Debtline,
3. Citizens Advice.
4. Furthermore, The Government offers a comprehensive list of free services, including regional assistance.
Final Thoughts
As you can see, the repercussions of not paying CDER Group are not to be taken lightly. It can lead to,
- Unpleasant encounters,
- Loss of personal goods,
- And a tarnished credit score.
But is there a way out of this situation?
Stay tuned as we will soon discuss how to handle such predicaments effectively.
Will They Give Up Chasing?
Below are some screenshots taken from online financial forums in the UK that show CDER Group does not leave you alone until you pay the debt in full.
Source – (Forums – Money Saving Expert)
Source – (Forums – PePiPoo)
Source – (Forums – Legal Beagles)
Source – (Website – Consumer Action Group)
Contact Details of CDER Group Debt Collection Agency
| Website: | https://www.cdergroup.co.uk/ |
| Email: | info@contactcder.co.uk |
| Address: | 9th Floor, Peninsular House, 30-36 Monument Street, London, EC3R 8LJ |
| Call: | 0330 460 5295 |
| LinkedIn: | CDER Group |
| Twitter: | @CDERGroup |
