Andrew Wilson & Co Debt – Should You Pay?
For free & impartial money advice you can visit MoneyHelper. We work with The Debt Advice Service who provide information about your options. This isn’t a full fact-find, some debt solutions may not be suitable in all circumstances, ongoing fees might apply & your credit rating may be affected.
For free & impartial money advice you can visit MoneyHelper. We work with The Debt Advice Service who provide information about your options. This isn’t a full fact-find, some debt solutions may not be suitable in all circumstances, ongoing fees might apply & your credit rating may be affected.
Are you worried about a debt letter from Andrew Wilson & Co? You’re not on your own. Over 170,000 people visit our site each month for help with debt worries.
This article will help you with:
- Checking if the Andrew Wilson & Co debt is really yours.
- Finding out if Andrew Wilson & Co are a real company.
- Learning why Andrew Wilson & Co might be getting in touch.
- Understanding what to do if you get many calls or letters from Andrew Wilson & Co.
- Knowing the steps to take if you can’t pay the debt.
We know getting a letter from a debt collector can be scary. Many of us have had the same worry. But remember, you might not need to pay. It’s important not to ignore the letter, though. This guide will walk you through your choices.
Ready to learn how to deal with Andrew Wilson & Co and feel less worried about your debt? Let’s dive in!
Who are Andrew Wilson & Co Debt Collectors?
Beating Andrew Wilson & Co Debt Collectors
You could get rid of Andrew Wilson & Co debt collectors by writing off some of your unaffordable debt.
There are several debt solutions in the UK, choosing the right one could write off some of your unaffordable debt, but the wrong one may be expensive and drawn out. It’s all about what’s right for your personal circumstances.
Is Andrew Wilson & Co Legitimate?
Why are Andrew Wilson & Co Contacting Me?
Do Not Ignore Letters from Andrew Wilson & Co!
How to Stop Home Visits from Andrew Wilson & Co
Should You Pay Andrew Wilson & Co Outright?
How a debt solution could help
Some debt solutions can:
- Stop nasty calls from creditors
- Freeze interest and charges
- Reduce your monthly payments
A few debt solutions can even result in writing off some of your debt.
Here’s an example:
Situation
Monthly income | £2,504 |
Monthly expenses | £2,345 |
Total debt | £32,049 |
Monthly debt repayments
Before | £587 |
After | £158 |
£429 reduction in monthly payments
If you want to learn what debt solutions are available to you, click the button below to get started.
How do I Verify Andrew Wilson & Co Debt?
If you have received debt letters from Andrew Wilson & Co, but aren’t sure if they’re legit, what do you do?
From my experience, the best thing to do is ask for proof that the debt is yours. I have a free ‘prove it’ letter template that you can use to help you write to Andrew Wilson & Co and request evidence that you are liable for the debt that they are chasing.
You are under no obligation to pay for a debt that can’t be proven to be yours.
It is crucial that you respond to legitimate debt collectors quickly. Responding quickly will help you avoid any extra charges or fees. Not ignoring debt collectors also means that you are less likely to face legal action, such as a CCJ.
What Action can Andrew Wilson & Co Take?
1. Send letters and call your home
2. Send field agents
3. Issue a County Court Judgement
4. Get a warrant for bailiffs
5. Apply for an Attachment of Earnings Order
Can Andrew Wilson & Co take me to court?
As legal action is very expensive, you will probably find that Andrew Wilson & Co will happily negotiate alternative payment plans that you can afford.
» TAKE ACTION NOW: Fill out the short debt form
Will I Lose My Home if I Can’t Pay Off the Debt?
How Do I Stop Andrew Wilson & Co Contacting Me?
What do I do if they call me constantly?
How to Contact Andrew Wilson to Make a Complaint
If you think that Andrew Wilson & Co 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 Andrew Wilson & Co 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, Andrew Wilson & Co may be fined. You could even be owed compensation.
You can contact Andrew Wilson here:
Steps to Take to Deal with Andrew Wilson & Co
1. Do you owe the debt?
2. Get them to prove it with a ‘Prove The Debt’ Letter
3. Is the debt statute barred?
Debt requirements to be statute barred:
What to Do if You Can’t Afford the Debt
1. Agree on a payment plan with Andrew Wilson & Co
2. Write off Andrew Wilson & Co debt
There are several different debt solutions available in the UK, so I recommend speaking to a debt charity as soon as possible. Their advisors will be able to look at your finances in detail and help you work out which debt solution will work best for you.
I have linked a few charities that offer these advisory 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.
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.
Reviews shown are for The Debt Advice Service.
What Happens If I Don’t Pay My Debts?
We’ve all wondered – what exactly will happen if you stop paying off your debts? Well, the answer is a whole lot of bother.
- Your creditor will send you reminders and then demands to get you to pay any missed payments.
- If you don’t pay, your account will default.
- If you still don’t pay your debts, your creditor can choose to sell your debt to a debt collection agency or employ an agency to chase you for the missed payments. This is where Andrew Wilson & Co. will come in.
- If you don’t pay the collectors, your creditor or the collection agency might be able to take legal action against you to get their money back. Legal action usually starts with a CCJ.
What is a CCJ?
A County Court Judgement (CCJ) is an order from a judge that states you have to pay the debt. This means that the court agrees with your creditor, and you owe the money.
Your judgement will include the following:
- How much you owe
- How you should pay
- Who you should pay
- Your deadline to pay.
Unless you pay within one month of the CCJ being issued, it will be recorded in the Register of Judgements, Orders and Fines for 6 years. If you pay off your debt within these 6 years, you can request that your judgement is marked as ‘satisfied’ on the register.
To do this, write to the court with proof that you have paid off the debt in full.
If you manage to pay within one month of the CCJ being issued, the judgement will not be recorded in the register. You will need to write to the court explaining that you have paid and provide proof.
CCJs are also visible on your credit file for 6 years. This will make it almost impossible for you to get credit during this time.
This is because companies use your credit file to see if you are a ‘high-risk’ customer – someone who might have difficulty paying their bills on time. If you have a CCJ, you have had such trouble paying back your debt that someone had to go to court about it.
Understandably, companies are going to be reluctant to give you credit!
After 6 years, it is no longer visible on your credit report and you should find it easier to get credit again.
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.
Andrew Wilson & Co Contact Details
Learn More About Your Debt Options
If you are dealing with a debt collection company or just struggling to manage your money, I recommend speaking to a debt charity.
There are several charities and organisations in the UK that offer free debt counselling services and free financial advice. Their advisors will be able to walk you through your options and find the best solution for you.