Did you take out a loan and have fallen behind on repayments? Or perhaps your circumstances changed and you couldn’t afford to pay your utility bills? These are just a couple of the reasons why you’re being contacted by Abrahams Dresden Debt Recovery.
It’s stressful when you receive a debt collection letter in the post and you’re unsure what to do. If you’re already struggling with debt, the thought of having to pay back a lump sum can feel overwhelming.
But you do have options available. In this post, you’ll learn how to deal with Abrahams Dresden solicitors and what your options are to help you deal with your debt without getting into further hardship.
Who is Abrahams Dresden Debt Recovery?
Abrahams Dresden LLP is a firm of commercial solicitors who have been around since 1995. As well as debt recovery, they are also known for litigation, property law, wills and estates and more. The firm is managed by three partners and employees 13 solicitors all working in different areas of the field.
Is Abrahams Dresden a Legitimate Firm?
Why is Abrahams Dresden Contacting Me?
If you have unpaid debt or overdue payments, the person you owe the money to will have employed Abrahams Dresden LLP to recover the debt for them.
You might receive letters, phone calls or both. Initially, they will get in touch to let you know how much money you owe and how to pay it back. If these go unanswered, you’ll receive follow-up letters or phone calls reminding you of the outstanding debt.
Should I Ignore Letters from Abrahams Dresden?
You should never just ignore the calls or letters and hope they go away – unfortunately, they won’t.
In fact, if you continue to ignore Abrahams Dresden, they may send agents to your home to try to get in touch with you. If you continue to ignore them, they do have the power to escalate your case to court.
How Do I Stop Abrahams Dresden From Coming to My Home?
They won’t come to your home unless you ignore their letters and phone calls, so the easiest way to avoid a home visit is to respond to these.
However, the firm are within their rights to send agents to your home to get in touch with you.
It’s important to remember that these agents are not bailiffs so you do not have to let them in. If you ask them to leave, they must oblige. Make sure to ask for identification and if they pretend to be bailiffs, they’re breaking the law.
Should I Pay Abrahams Dresden What They are Asking?
It’s unwise to immediately pay the debt they’re chasing you for without first taking the steps talked about below.
Also, if paying the debt would put you into further hardship, do not pay it. There are options available to help you avoid this. We’ll talk more about what those options are later.
What Legal Action Will Abrahams Dresden Take Against Me?
There are a few stages Abrahams Dresden Debt Recovery will go through to get the money owed:
1. Send letters
First, you’ll receive debt collection letters letting you know how much you owe and how to pay it back. Be prepared for multiple letters, they can be persistent.
2. Send agents
If the letters are ignored they may send someone to your home to check you actually live there. These people are known as ‘agents’ but are not bailiffs. You don’t have to let them in and can tell them to leave at any time.
3. Issue a County Court Judgement
After giving you reasonable time to contact them and make payment arrangements, Abrahams Solicitors can start court proceedings. This will involve filing for a County Court Judgement filed against you which means a judge orders the debt be repaid.
4. Send bailiffs
If you don’t make payments even after the CCJ, a warrant can be given to allow bailiffs to come to your property. Here’s a guide on how to deal with bailiffs.
Can Abrahams Dresden Debt Recovery Repossess My House?
If your debt is unsecured, it is highly unlikely that your house will get repossessed because of the debt being chased by Abrahams Dresden.
Most debts are unsecured, meaning that your house or other assets were not put up as collateral when you borrowed the money.
However, if the debt you owe is significant and you don’t make any effort to repay, Abrahams Dresden can escalate the case to the courts where they can apply for a Charging Order. This would secure your debt against your home.
But don’t stress, there are many other steps Abrahams Dresden solicitors will take before getting to that step.
How Do I Stop Abrahams Dresden Contacting Me?
Unfortunately, you can’t stop them from contacting you altogether. They are within their rights to contact you either by phone or post to attempt to recover the debt owed.
Having said that, they are not allowed to harass you by calling you persistently or at unsociable hours.
You can also get in touch to tell them your contact preferences. For example, if you would prefer they don’t call your home phone number, you can request they only contact you on a specific number or by post.
Once you’ve given them your contact preferences, they must abide by them.
How Do I Make a Complaint Against Abrahams Dresden Debt Recovery?
Your first action should be to make a complaint with Abrahams Dresden LLP directly. Don’t worry, this will not affect your interactions with them regarding your debt.
You can make a complaint using the following channels:
Post Abrahams Dresden LLP, 111 Charterhouse Street, London, EC1M 6AW
Phone: 020 7251 3663
You can also contact the FCA:
Post: The Financial Ombudsman Service, Exchange Tower, London, E14 9SR
Phone: 0300 1239 123
You can also involve the Solicitors Regulation Authority since Abrahams Dresden is a member of this organisation.
What Do I Do When I Receive a Letter From Abrahams Dresden?
Here are your first steps to deal with Abrahams Dresden:
1. Check whether the debt is yours
Is the debt even yours? It doesn’t happen often, but they may have got the wrong person. Credit Karma or Experian allow you to check your credit report for free to see if any debts are listed.
2. Ask them to prove the debt
As well as doing your own check, you should write to Abrahams Dresden and ask them to prove the debt.
They need to send you the original copy of the signed credit agreement you took out with the original lender.
Top tip: Never sign anything you send to Abrahams Dresden as it’s then possible for them to use your signature – those this is unlikely.
3. Check if the debt is Statute Barred
In England, creditors have six years from the final payment to retrieve any outstanding debt. After this time, the debt becomes Statute Barred and they no longer have any legal right to take you to court.
This differs in Scotland and Wales so make sure you check your local authority to find out how much time needs to have passed for your debt to become Statute Barred.
Can I Write Off My Debts?
Can’t afford the debt payments? You may be able to write off the debt. Here are some of the options:
1. Agree a payment plan with Abrahams Dresden solicitors
First and foremost, you should attempt to come to an agreement with Abrahams Dresden LLP on an affordable repayment plan.
The repayment plan should be a single monthly payment that you can afford. Don’t be pressured into agreeing to an amount that would put you in financial difficulty.
If you are thinking of setting up a repayment plan with Abrahams Dresden Debt Recovery, think about a debt management plan beforehand.
If you can’t come to an agreement on a reasonable repayment plan, let Abrahams Dresden know you need some time to explore your options regarding the debt.
They legally have to give you some breathing space to look at other options if needed.
2. Write off your debt
You may be eligible for an Individual Voluntary Arrangement (IVA). This consolidates all of your outstanding debt into one low, affordable monthly payment.
This payment will last for around five years at which point, all remaining debt is written off completely.
Most people who use an IVA write off around 60% of their debt but in some cases it’s as much as 90%.
Do I qualify for an IVA?
Not everyone qualifies for an IVA, but you can find out more about the qualifiers here.
Still unsure of how to deal with Abrahams Dresden Solicitors?
If you’d like to explore your options more, make sure to check out this debt management guide.