Themis Recoveries Debt – Should You Pay?

Did you get a letter from Themis Recoveries and you’re not sure what to do? This is the right place to find answers. Each month, over 170,000 people visit our website for help with debt issues.

In this easy guide, we’ll look at:

• Who Themis Recoveries are and what they do.
• How long debt recovery usually takes.
• How to check if the debt is really yours.
• What to do if you can’t afford to pay.
• Your options to manage or possibly write off some of the debt.

You might be feeling worried or confused — that’s normal. Many people feel the same when they get a letter about a debt they didn’t know about. We understand your concerns, and we’ll give you clear advice to help you decide what to do.

Ask Them to Prove Your Debt

Alternatively, it’s time to make Themis Recoveries work for your money. You have the right to request proof that you owe the debt. This requires the debt collection businesses to send you a copy of the agreement you signed, which was subsequently defaulted on. If they can’t or don’t, you don’t have to pay. 

Learn more in our prove-the-debt guide with a free letter template!

Do I need to Pay?

You might think that paying Themis Recoveries is inevitable. But there are some loopholes that could get you out of having to pay or that can buy you some more time. You can check to see if the debt is too old to be collected and request proof that you owe the debt.

» TAKE ACTION NOW: Fill out the short debt form

They Proved My Debt – Help!

If Themis Recoveries proved that you owe the debt, then it’s time to consider paying. You might want to pay in full, offer a debt settlement figure, speak to them about a payment plan or consider other debt solutions.

A debt solution is a good idea if you have unsecured debts that you can’t manage on your own. There are several options in the UK, so I recommend speaking to a debt charity for some free financial advice before you start any. Their advisors will be able to take a detailed look at your finances and tell you which will work best for you.

I have linked several charities that offer these services for free below.

Debt Management Plan (DMP)

A DMP is an informal debt solution that lets you pay off your debts via a single monthly payment.

Because it is informal, it is not legally binding so you are not tied into a DMP for a minimum number of payments.

Individual Voluntary Arrangement (IVA)

An IVA is a formal agreement between you and your creditors. You agree to pay a monthly sum that is distributed amongst your debts, and your creditors agree not to contact you during your IVA.

IVAs typically last for 5 or 6 years, and any outstanding debt is wiped off when it ends.

Keep in mind that IVAs are not suitable for everyone. You need to owe several thousand pounds to more than one creditor to be eligible. You also need to demonstrate that you have some disposable income every month.

Trust Deed

IVAs are not available in Scotland. Instead, you will need to opt for a Trust Deed.

Trust Deeds work in the same way as an IVA – you pay an agreed sum each month that is shared amongst your creditors, they can’t contact you, and any leftover debt at the end of your Trust Deed term is written off.

Debt Relief Order (DRO)

A DRO is a good option for those facing financial hardship with no assets and little income.

For 12 months, you make no payments, but your creditors freeze your interest and don’t contact you.

If your finances haven’t improved during this year, you may be able to write off your unsecured debts.

Bankruptcy

If you have debts but no realistic possibility of ever paying them off, you may need to declare bankruptcy.

Bankruptcy has an unfair stigma attached to it as it may be your only way of getting a financial fresh start. That said, it is a serious financial situation that should not be taken lightly.

Sequestration

Sequestration is the Scottish version of bankruptcy.If you have little income and no valuable assets, you may be able to apply for a minimal asset process bankruptcy (MAP). A MAP is a quicker, cheaper, and more straightforward version of sequestration, so worth considering.

Can They Take Me to Court?

Legal action by Themis Global seems to be quite rare. This means that they don’t take many debtors to court. But the client they’re working for might.

Sometimes debt collection businesses send these legal threats to scare you into paying when the client has no real intention of taking you to court. But there’s no way of being certain if the legal threat is real or not. 

Keep in mind that there are some mandatory steps that your creditor must take before they can process with a County Court claim (CCJ).

You must be sent a ‘letter of claim’ in the post. This letter must provide details about the debt that they are taking you to court over. You have 30 days to respond.

Now is the time to get legal advice. I have linked some charities at the bottom of the page that will offer these services for free.

But keep in mind that taking legal action and getting a CCJ against you is expensive, so companies try to avoid it as much as possible.

You will probably find that they are more than happy to negotiate an affordable payment plan long before court action is seriously considered, even if their letters suggest otherwise! Take a look at this example.

If you have received a letter from Themis like this, you will need to respond but remember that they will probably be more than happy to find a payment schedule that you can afford.

If you are concerned about your data being shared, you should check your original agreement with your creditor. The contract will almost certainly have something that gives them permission to refer your case if you don’t keep up your repayments.

How Can I Stop the Letters?

The only way to stop debt letters from Themis Global is to take action and not ignore these letters. Ignoring these letters will only cause the debt collection agency to send more, and they may start calling, texting, and emailing as well. 

The type of action you take will depend on your situation. We explain how you can respond to Themis Recoveries further down this guide. 

Thousands have already tackled their debt

Every day our partners, The Debt Advice Service, help people find out whether they can lower their repayments and finally tackle or write off some of their debt.

Natasha

I’d recommend this firm to anyone struggling with debt – my mind has been put to rest, all is getting sorted.

Get started

Reviews shown are for The Debt Advice Service.

How Do I Complain?

If you think that Themis Recoveries has been unreasonable or behaved inappropriately, you can make a complaint. You can also make a complaint if you feel that they have broken any of the Financial Conduct Authority’s (FCA) guidelines.

Make your first complaint to Themis so that they have the chance to sort out the issue themselves. If you feel that they have not taken your complaint seriously enough or have not addressed your issue properly, you can escalate matters.

You can make any secondary complaint to the Financial Ombudsman Service (FOS). They will investigate and, if your complaint is upheld, Themis may be fined. You could even be owed compensation.

Staying On Top Of Your Debts

One of the hardest parts about being in debt is that the industry isn’t at all transparent.

One common tactic used by Debt Collectors is contacting you under multiple names and addresses.

Sometimes, it’s for practical reasons, but even then it can be confusing and intimidating. So it’s important to try to keep a level head and research what’s going on. 

Some of the biggest debt collectors in the UK operate under multiple names. 

• Robinson Way will sometimes contact you under the name Hoist Finance. 
• Cabot Financial Group recently bought Wescot Credit Services
• Credit Style communicate as both Credit Style and CST Law. 
• Lowell Financial also owns Overdales and collects debts under both names. 

In fact, in the case of PRA Group, they’ve been known to use multiple company names. As you can see in the image below.

If you’ve been contacted by a debt collector recently, it’s worth going through your post and emails to check that you haven’t missed anything, just in case they’ve started writing to you under a different name.

Themis Global Contact Details