Don’t rush to the conclusion that you must pay Merligen Investments Debt Collection right away. But turning a blind eye to their requests may stir up unwanted complications. So what should you do? Keep reading to find out!
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Don’t Worry: here’s What to Do!
You’ve just received a letter from a debt collection agency, a name you’re unfamiliar with. Simultaneously, your eyes catch another name: Merligen investments limited. Even though this situation seems stressful, below we will guide you on how you should handle this issue.
Who is Merligen Investments Debt Collection?
Merligen Investments is a UK-based debt collection agency. They buy overdue debts from various lenders and then chase the debtors for repayment. Below is a list of the sectors that they work in to collect debts:
- Consumer Lending
- Financial Services
- Utilities
- Motor Finance
- Claims Management
- Telco
- Retail
- Insurance
Is Merligen Investments Limited a Legitimate Firm?
Yes, Merligen Investments Limited is the official registered name of the company. The Financial Conduct Authority (FCA) authorises and regulates them. So if this debt collection firm contacts you, you’re dealing with an agency that’s legitimate.
Also, note that debt collection agencies bulk buy small debts. After that, they send letters to the debtors to get their money. This makes them even more persistent in recovering the debt that you owe them. If you don’t have proper checks, there is no way for you to know if you should legally pay it or not.
Should I Ignore Letters from Merligen Investments?
No. Ignoring letters from them could lead to additional charges, a damaged credit score, or even court action. But if you think it’s a scam, ignore it. If it’s a scam, they won’t send another letter.
Reply to it and discuss it with them if you get more than two letters. But make sure not to admit to owing the debt. Instead, let the company show you proof. This will help to make sure that it’s not a scam.
How Do I Stop Merligen Investments Coming to My Home?
Legally, they have the right to send a representative. However, you can request them not to and ask them to contact you only through the post (communication through written letters). If the visits continue, you can lodge a complaint. But usually, debt collection agencies don’t come to your home without your permission.
They also don’t have the right to enter your house or seize your property if you don’t give them permission unless they are bailiffs with a warrant in hand. Therefore always ask for their identification. You can call for police aid if they are not bailiffs with a warrant and trying to harass or enter your home.
But keep in mind never to let them in and agree to payment plans in person without any formality.
Need more Help to deal with Merligen Investments Debt Collection Company?
If you’re unsure how to deal with Merligen Investments Debt Collection Company, feel free to fill out our online form, and our Money Advisor Team will get back to you to guide you.
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Should I Immediately Settle My Dues with Merligen Investments?
No. It’s essential to validate your debt first. If you identify it, make an agreement and get a payment plan. They can take legal action if you don’t cooperate.
What Kind of Legal Steps Can Merligen Investments Initiate?
They have the right to take legal action, so it’s important to know about this process. At first, they will try using phone calls, emails, letters and all forms of communication methods to get in touch. But they will take further actions (including legal actions) against you if you keep ignoring their reach outs.
Below are types of legal action and how to respond to them.
Primarily, Merligen Investments Limited can apply for a County Court Judgement, known as a CCJ. This is a legal process where a court order enforces the repayment of debt.
A CCJ essentially demands repayment of the debt you owe. This is not a criminal case but a civil one. So if they issue a CCJ against you, you won’t get a criminal record. This will CCJ conjugation will make you legally responsible for the debt.
The CCJ provides details such as:
- The amount owed
- Who do you owe the money to
- How to pay (in full or in instalments)
If you don’t adhere to the CCJ, they could potentially initiate an enforcement action. This may include:
- Bailiff action
- Attachment of Earnings order
- Charging order
Understanding the potential legal steps they can take is crucial. But it’s also important that you know what your rights are and how you should respond.
How Can I Prevent Merligen Investments From Reaching Out to Me?
There are many ways to stop them from contacting you. Below is how to do this:
- You pay off the debt and get done with it if you know the debts are yours and have the capability to settle the debt.
- You cannot entirely prevent Merligen Investment reach outs ever. But you can ask via a written letter stating that you prefer to communicate with them through letters. They are bound by law to honour your request.
- Letter of Appropriation: You can send them a letter of appropriation, which states your intention to allocate a certain amount of money to repay the debt.
- Complaint to Financial Ombudsman Service: If they continue to contact you unfairly, you can file a complaint with the Financial Ombudsman Service.
- Cease and desist: A letter as such will also stop them from contacting you.
What Should Be My Next Step After Getting a Letter from Merligen Investments?
Let’s say you’ve just received a letter from them. It’s likely your heart might be pounding. You’re not alone; many find themselves in this situation. But remember, the first rule is to stay calm.
Yes, it may seem easier said than done, but remember, anxiety won’t help. Stay composed; it’s the first step towards successfully resolving this issue.
Sometimes, they may contact you regarding a debt that isn’t yours. This can occur due to mistaken identity or an error in their records. So, how can you confirm it?
- Contact them: Give them a call or write to them and request them to validate the debt via a written document. Ask them to provide detailed information about the debt they claim you owe.
- Check Your Records: Cross-verify the details provided by them with your own financial records. This will help you confirm if the debt is yours.
After confirming the debt, reach out to them. Be honest about your situation and tell them what’s happening from your end. After all, they, too, want to solve this situation just like you. Here are some key points to discuss with them:
- Debt Validation: Ask them to validate the debt in writing. This includes the creditor’s name, the amount of debt, and when they received it.
- Repayment Plan: If you’re in a position to repay, propose a realistic repayment plan based on your financial capacity.
Are you in a tough spot financially? Rest assured. There are ways out. It’s important for you to know your rights and the options that you have. Below is what you can do:
- Debt Management Plan: This involves agreeing to repay your debt over an extended period. You have to pay a small amount every month.
- Debt Relief Order: If your debt is less than £20,000 and you have little spare income, you may be eligible for a Debt Relief Order. This could potentially freeze your debt repayments and interest for a year.
What Are My Options if I’m Unable to Make Payment to Merligen Investments?
You could request a debt write-off or set up a debt management plan with them. However, make sure to check if they add penalties or charge high-interest rates apart from what you owe.
Can I Write Off My Debt?
In certain cases, yes. This includes situations where they are not willing to give you a repayment plan that you can afford or a lowered settlement.
In this case, you can request them to write off your debt. This involves an Individual Voluntary Arrangement (IVA) with Merligen Investments Limited. IVAs consolidate all your debts into one payment that you can afford. Many people take up this option, especially if they’re struggling to make the minimum monthly payments.
Should You Check For Other Debt Collectors?
In the UK, the amount of personal debt is rising. The Office for Budget Responsibility predicted that household debt will rise from £2.006 billion to £2.354 billion in 2025.
So it’s not surprising that many people in the country owe more than just one debt. If you have other debts, have them under control. And then check your bank statements. Afterwards, email and post for correspondence from the debt collection agencies. Also, stay on the lookout for some of the best agencies out there.
Namely, Cabot Financial, Lowell Financial, PRA Group. These 3 companies tend to own most of the debts inside the UK.
Merligen Investments Contact Information
If you have any questions, you can easily get in touch with them through email, post or by telephone.
| Address: | Phoenix House Pyrford Road
WEST BYFLEET, KT14 6RA United Kingdom |
| Telephone: | 0845 218 2020 |
| Website: | merligen.com |
Still Unsure of How to Deal with Merligen Investments Debt Collection?
If you’re still confused, seek help from a debt advisor. Dealing with a debt collection agency is not a nightmare. You just have to prepare well.
Key Points
- Merligen Investments is a debt collection agency that is legitimate. They specialise in buying consumer debt for low prices and chasing the debtors for repayment.
- People in the UK can write off debt legally.
- If you get a letter, reply to it. Check if the debt is yours and ask for proof.
- If you recognise the debt and it is valid, discuss a payment plan or a financial settlement with them.
- You can write off some of your debt through an Individual Voluntary Arrangement (IVA) if you don’t have other options.
FAQ
Merligen Investments Limited is a UK-based debt collection agency. They buy overdue debts from various companies and then seek to collect them from the debtor.
Yes, Merligen Investments Limited is a legitimate company registered and regulated by the Financial Conduct Authority (FCA) and Companies House of the UK.
Firstly, confirm the legitimacy of the debt. If it’s genuinely yours, consider contacting them to discuss repayment options. If you’re unable to pay, there are still options available to you.
Firstly, confirm the legitimacy of the debt. If it’s genuinely yours, consider contacting them to discuss repayment options. If you’re unable to pay, there are still options available to you.
If you ignore a CCJ and fail to repay your debt, they can take further action, which could involve bailiffs. However, they must first apply to the court for a warrant of execution.
If the contact becomes too much, you can request them to stop by sending a ‘cease and desist’ letter. If they continue, you can report them to regulatory authorities like the Financial.
