Paying Shire Recoveries Debt Collection might not be a reality for everyone. However, brushing them aside could usher in heavier enforcement actions, a scenario you’d want to avoid. So how should you approach this situation? Let’s find out.
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Understanding Shire Recoveries
Has the number 01827300326 flashed on your phone screen recently? If yes, then you’ve been contacted by Shire Recoveries. A prominent player in the debt collection industry, it is a company worth understanding.
Operating across the UK, this firm has a significant role in the sector of debt recovery. With a reputation built on professional service and commitment to clients, this debt collection company is not to be overlooked.
Who are Shire Recoveries?
Shire Recoveries is a reputed firm with a speciality in debt collection. If you’ve been dealing with debt-related issues, you might have received a call from them.
Comprising a team of highly skilled individuals, this company diligently works towards retrieving debts from both individuals and businesses. So in a case where you owe money to someone, there’s a chance you will hear from this debt collection company.
Founded in 2006, they have worked for thousands of customers and collected millions of pounds on behalf of them. Their aim is to recover money at a fast rate while ensuring the professionalism of their service. This company also states that they only use the right amount of communication when contacting debtors.
Their official address is 1 Calico Business Park, Sandy Way, Amington, Tamworth, Staffordshire, B77 4BF. If you have any queries, you can contact them on 01827 300 326. You can find their other contact details towards the end of the article.
Why is Shire Recoveries Debt Collection contacting me?
Most often, Shire Recoveries’ contact is related to outstanding debt that you’re yet to clear. It’s of paramount importance to comprehend the reasoning behind this communication and not disregard it. Ignoring the issue may lead to escalating complications.
Sometimes, businesses don’t have the required skills or time to chase debtors for debts. So because of this, they simply ask a debt collection agency to collect the debt for them. If you owe debts to a business, don’t be surprised if you hear from them.
But it’s not always that they collect debts on behalf of companies. Most of the time, companies sell “bad debt”. This means that they believe they will never be able to recover the money. So debt collection agencies just buy the debt from creditors like this for a lower price and then chase the debtor to recover the total money for themselves.
So if your creditor sells your debt to Shire, you now directly owe the money to the debt collection agency.
Are they a legitimate company?
Yes, Shire Recoveries is a legitimately registered company in the UK. The fact that they operate with a traceable contact number (01827300326) solidifies their authenticity. They operate within the bounds of regulations outlined by the Financial Conduct Authority (FCA), ensuring consumer rights are protected.
Nowadays, there are many fake debt collection companies that scam people. And there are many stories where people end up giving money to these fake debt collection companies assuming that they are legitimate. So it’s a wise decision to treat letters from debt collection companies with a bit of suspicion.
But when it comes to Shire Recoveries’ debt collection company, you don’t have to worry. Apart from the FCA, they are also registered under the Credit Services Association (CSA). Furthermore, they have passed the CSA’s Collector Accreditation Initiative. This is an initiative that confirms that their operations are:
- Legal
- Fair
- Compliant
Who do Shire Recoveries collect for?
Shire Recoveries offer their services to a wide range of clients, including:
- Banking institutions
- Credit card companies
- Loan providers
- Utility providers
- Internet servers
- Council tax
- Trade suppliers
As an intermediary, they strive to retrieve unpaid debts on behalf of these entities. Because they have a lot of clients, it’s best to have relevant paperwork about your debt. This will make it much easier for you to understand why they’re contacting you.
How you should deal with Shire Recoveries Debt Collection
When Shire Recoveries, or any debt collection agency, comes knocking, keeping cool is essential. Worrying or stressing about the situation won’t make any difference. So even if it seems like a complicated situation, keep in mind that many people have been in your situation before.
No, ignoring them will only make the situation worse. Persistency is something that is very common among debt collectors. They won’t stop contacting you until you pay the debt. But there is a limit to this; if they cross certain boundaries, it comes under harassment.
However, the chance of a company like Shire Recoveries making a mistake is rare. So it’s best you don’t ignore them. If you keep ignoring them even after they respectfully contact you only during a certain time without harassing you, they will escalate the matter and go to court against you.
So if you don’t like them calling you, all you have to do is let them know a mode of communication and time that you prefer. Make sure to do this in writing so that you have proof that you communicated this to them.
Before diving headfirst into repayment plans, pause, and confirm that the debt is indeed yours. Even though mistakes are rare, it’s best to confirm. So make sure to:
- Request written proof of the debt from Shire Recoveries.
- Cross-verify this information with your records.
- If inconsistencies arise, consult a legal expert.
At the end of the day, you have to pay Shire Recoveries. But if you contest that the debt isn’t yours or that the debt is illegally issued, you don’t have to pay. However, for this, you should have plenty of proof. But if they prove that the debt is yours, you should pay them.
In some situations, you don’t have to pay a penny. This is when your debt is statute-barred. A statute-barred debt is a debt that is more than six years old and is not enforceable by the court. However, for a debt to be statute-barred, it should meet these criteria:
The Credit Services Association protects your rights when dealing with agencies like Shire Recoveries.
- They cannot contact you during unsociable hours.
- They can’t discuss your debt with anyone other than you.
- Without your explicit permission, they can’t deduct payments from your account.
It’s crucial to know these rules to ensure you’re treated fairly. Have you noted them down? Great! Now let’s move to the next step.
Will Shire Recoveries Ltd visit my home?
Usually, Shire recoveries don’t come to your home. They will only come if the issue doesn’t progress or if you keep ignoring their calls. But in this case, they have to inform you through a letter before they come to your house. They should send the letter seven days prior.
If you don’t want them to come to your home, avoid ignoring them. Communicate and discuss the issue. But make sure to keep a timeline of contact with this debt collection company so that you know when they’ve called and how you responded to them.
If the debt is confirmed and you can’t pay it off in one go, don’t panic. Shire Recoveries, like many agencies, usually accepts payment plans.
First, review your finances and determine how much you can afford to pay each month. Then, approach them with your proposal. Remember to document these interactions for future reference.
This might feel like a challenging task, but breathe easy. You’re making progress. What happens after setting up the payment plan? Here comes the exciting part.
Now that you have a payment plan in place ensure you stick to it. Regular payments not only help you inch closer to being debt-free but also build trust with Shire Recoveries.
But there’s a catch. Stay vigilant about any additional fees or charges that they might add. These shouldn’t be excessive or unwarranted.
Navigating debt collection can be daunting. There’s no shame in seeking professional help. Debt advice agencies or financial counsellors can provide guidance tailored to your situation.
Financial and Legal Matters
Ever received a call from Shire Recoveries? You’ve got rights. You’re likely wondering how this debt collection company fits into your financial picture. Here’s what you need to know: They are a legitimate debt collection agency, abiding by the Credit Services Association’s rules. However, are all their practices above board? Sometimes, you might feel they push the boundaries.
Shire Recoveries primarily uses letters and calls from 01827300326 for contact. They also can visit your home in certain circumstances. Ignoring them might prompt them to escalate their actions.
- Getting a County Court Judgment (CCJ) from the court against you for repayment of the debt
- Adding extra fees to the existing debt
- Issuing a statutory demand, typically for debts exceeding £5,000
- Getting court approval to Engage bailiffs to reclaim the debt through your possessions
Shire Recoveries, as a member of the Credit Services Association (CSA), has a code of conduct. If you have proof of them not following these rules, you can make a complaint. Some of the rules that they should follow are:
- Not allowed call at unreasonable times
- Not allowed to visit your home before 6 am or after 9 pm
- Respect your privacy at home and work
- Not allowed to take payments without explicit permission
If you’re unable to pay, several options exist:
- Inform Shire Recoveries about your situation
- Propose a repayment plan
There are also many debt solutions that you can take up. Some of these include:
Note that while taking up a debt solution will help you to clear your debt, choosing the wrong one will be expensive. So, we recommend you get some advice from a professional before you make the decision. If you want additional guidance on the best course of action, feel free to reach out to our MoneyAdvisor team.
Are you struggling with unaffordable debt?
- Affordable repayments
- Reduce Pressure from people you owe
- One simple monthly payment
If Shire Recoveries break any regulations, first directly make a complaint to the company. But if this doesn’t work, you can make a complaint to the Financial Ombudsman Service (FOS).
Once you contact them, tell them that this debt collection company isn’t following the rules of the Credit Services Association (CSA). If you show them proof, this process will be much smoother.
Shire Recoveries have both good and bad reviews. Some reviews on Trust Pilot show that they are not the best company among debtors, but some other reviews on forums say that they are a great service.
Keep Up To Date with Your Debts
Maintaining an up-to-date record of your debts is a key step towards financial health. Be proactive in managing your financial affairs. Regularly check your statements and communicate with your creditors or Shire Recoveries to discuss any concerns.
Some debt recovery companies to watch out for include:
- Lowell Financial
- PRA Group
- Cabot Finance
So if you see any of these names on your post or email, make sure to contact them and solve the issue before it escalates.
Where Can I Turn to For Additional Advice?
If you have any questions or if you want guidance on your situation, don’t hesitate to reach out to a debt charity for free advice. Some of the famous ones include:
- National Debtline
- StepChange
- Citizens Advice
- Debt Advice Foundation
Shire Recoveries Debt Contact Information
| Post: | 1 Calico Business Park, Sandy Way, Amington, Tamworth, Staffordshire, B77 4BF |
| Phone: | 01827 300 326
9 am to 5 pm Monday through Friday |
| Fax: | 00182 768 672 |
| Email: | info@shirerecoveries.co.uk |
| Website: | shirerecoveries.co.uk |
Final Thoughts
Dealing with Shire Recoveries or any debt collection agency doesn’t have to be a stressful ordeal.
You can easily navigate the process by understanding,
Therefore always remember that no debt is too big to overcome with the right plan in place!
Key Points
- It’s essential to stay calm when dealing with Shire Recoveries or any other debt collection agency. Stressing out will only make the situation more challenging to handle.
- Always verify that the debt is indeed yours. Ask for written proof and cross-verify it with your records to avoid paying debts that aren’t yours.
- Understand your rights when dealing with debt collection agencies like Shire Recoveries. They must respect your privacy, cannot contact you at inappropriate hours, and need your permission to deduct payments from your account.
- If the debt is confirmed, and you’re unable to pay it in one go, set up a payment plan. Make sure to review your finances first to understand how much you can afford to pay monthly.
- Once you set up a payment plan, stick to it, and stay alert about any extra fees or charges Shire Recoveries may add. They should not be excessive or unwarranted.
- If dealing with Shire Recoveries seems too overwhelming, seek professional help. Debt advice agencies or financial counsellors can provide personalised guidance.
- Like many UK residents, you might have the legal option to write off some of your debt. Explore this possibility based on your personal circumstances.
- If you can’t afford to pay, communicate this to Shire Recoveries. They might offer alternative repayment plans or other debt assistance options.
FAQ
A1: It’s essential to remain calm and collected. Confirm the legitimacy of the debt and understand your rights. If the debt is valid, consider setting up a feasible payment plan.
A3: In such cases, request written proof of the debt and cross-verify it with your records. If the debt is indeed not yours, you can dispute it.
A3: In such cases, request written proof of the debt and cross-verify it with your records. If the debt is indeed not yours, you can dispute it.
A payment plan enables you to pay the debt in smaller, manageable instalments.
A3: You have the right to privacy, which means they can’t disclose your debt information to anyone without your permission. They also cannot contact you at inappropriate hours and need your explicit permission to deduct payments from your account.
