Coltman Warner Cranston Debt – Should You Pay Them?

Are you feeling puzzled because you received a letter from Coltman Warner Cranston about a debt? Don’t worry; you’ve found the right place for help. 

Every month, over 170,000 folks visit our site for advice on issues just like this one, and research shows that 64% of UK adults find interactions with current debt collectors stressful¹. So, you’re not alone. 

In this guide, we’ll talk about:

•  How to find out if the debt they say you owe is really yours. Remember, if the debt is not yours, you don’t need to pay it!
•  The reasons why Coltman Warner Cranston might be reaching out to you.
•  What to do if you can’t afford to pay the debt.
•  How to chat with debt collectors in a way that works for you.
•  What could happen if you don’t pay your debt, and how to find help.

We understand how stressful it can be when a debt collector contacts you. Some of us have been in the same boat. So, we’re here to help you learn about dealing with Coltman Warner Cranston debt.

Why Is Coltman Warner Cranston Contacting You?

Even though most debt is written off after six years, it is very unlikely that a creditor will let a debt age for this long. And this is where a firm like Coltman Warner Cranston comes in. 

Debt collection agencies like Coltman Warner Cranston buy billions of debt annually at rock bottom prices – at an average of 10p to £1!²

A creditor will pass the debt over to Coltman Warner Cranston, who will levy a fee for getting you to settle the debt. Forcing you to pay a debt that the original creditor has failed to get you to settle, thus, making a profit.

Should You Just Pay a Coltman Warner Cranston Debt?

You will likely find that these debt collectors will try and get you to settle the debt in full, as quickly as possible. However, you must first make sure that you are actually responsible for the debt. Understanding your debt with Coltman Warner Cranston might not be cut and dry, so make sure you know all of the facts.

In some cases, such as if you were a second card holder but not the main signatory of the credit agreement, you may not be responsible. Or you may actually dispute the original debt, and in this case, the creditor should not yet pass the debt on to a collection agency.

Furthermore, you may be able to arrange an affordable payment schedule with Coltman Warner Cranston. A debt collection agency would prefer you to pay your debt, even if it takes some time to do so in instalments.

Ignoring the problem won’t make it go away. I always recommend responding to debt collectors – even just to question the debt’s validity. Remember, you have the right to request proof of the debt. They have to prove it, or they can’t charge you.

If You Don’t Pay a Coltman Warner Cranston Debt, What Happens?

If you don’t acknowledge the debt that Coltman Warner Cranston is chasing you for, the company will begin taking action against you. This is generally an increasingly serious series of events, as listed below.

• You will be sent letters repeatedly, demanding that you make payment, and threatening you with further action.
• The company will make phone calls to any number they think you could be accessible on. Often, these calls will be made outside of business hours, to try and catch you at home.
• In some cases, a collection agent may visit your home. These visits often happen in the evening or at weekends, to try and catch you at home.
• A default might be issued against you, and a record of this would be made on your credit history. Or more seriously, a County Court Judgement (CCJ) taken out against you. This would stay on your credit history for six years.
• A statutory demand might be issued. This is the first step in having you declared bankrupt. However, this is only an option for debts over £5000.

When someone is sent to your home, it’s important that they identify themselves as either debt collectors or bailiffs, as each one has different rights. To help you better understand the differences between debt collectors and bailiffs, here’s what they can and can’t do.

What Is the Worst Thing That Coltman Warner Cranston Could Do to You?

Ultimately, being declared bankrupt would be the worst outcome of being in debt. A debt collection agency would seek to have you made bankrupt so that they can apply to collect your debt straight from your wages.

It obviously makes sense not to let things go this far if you have any way to stop yourself from being declared bankrupt. Consider for a moment, that a debt collection agency wants you to pay your debt. Having you declared bankrupt takes time.

If you contact Coltman Warner Cranston and offer to set up an affordable repayment plan, you will likely find that the company is willing to entertain such an agreement.

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.

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How to communicate with debt collectors

It can be a frightening thought to get in touch with debt collectors, but you actually have rights! Debt collectors cannot:

• Harass you with threatening phone calls and letters
• Contact you at work
• Threaten you with legal powers they don’t have
• Breach data privacy laws
• Lie to you
• Increase interest rates

So, when negotiating with Coltman Warner Cranston, you can request a time and particular number to be contacted on. It’s also a good idea to keep track of all contact made with a debt collector, whether they contacted you or vice versa.

Contact Details Coltman Warner Cranston 

References

1. InDebted, Debt Collectors Survey
2. Jubilee Debt, A Fresh Start After Covid-19