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Credit Limits International Debt Collection – Should I Pay?

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Scott
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Scott Nelson

Managing Director

MoneyNerd’s founder, Scott Nelson, has a decade of financial industry experience, including 6 years in FCA regulated loan and credit card companies. Troubled by a lack of conscience in the industry, he founded MoneyNerd to give genuine advice to those in debt and struggling financially.

Learn more about Scott
&
Janine
Janine Marsh Profile Picture

Janine Marsh

Financial Expert

Janine Marsh is an award-winning presenter and a valuable member of the MoneyNerd team. With a wealth of experience as a financial expert, she's been featured on BBC Radio 4, BBC Local Radio, and BBC Five Live, and is a regular on Co-op Radio.

Learn more about Janine
· Feb 6th, 2024
Could you legally write off some debt? Answer below to get started.

Total amount of debt?

This isn’t a full fact find, MoneyNerd doesn’t give advice. We work with The Debt Advice Service who provide information about your options.

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.

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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.

If you’ve received a letter from Credit Limits International Debt Collection, you might be feeling confused and worried. We understand your concerns about where this debt has come from, whether you should pay, and if you’ll be able to afford it. 

Don’t worry; you’re not alone. Each month, over 170,000 people visit our website for help with debt issues.

In this article, we will explain:

  •  What Credit Limits International Debt Collection is and who they work for.
  •  How to check if the debt is really yours.
  •  What can happen if you ignore their letters.
  •  Ways you could reduce or even write off some of the debt.
  •  How to make a complaint if needed.

Unfortunately, nearly half of individuals who deal with debt collection agencies have experienced harassment or aggression1. We understand how you’re feeling right now.

We’re here to help guide you through your options and find a solution that works for you.

Could you legally write off some debt?

There are several debt solutions in the UK, choosing the right one for you could write off some of your unaffordable debt, but the wrong one may be expensive and drawn out.

Answer below to get started.

How much debt do you have?

This isn’t a full fact find. MoneyNerd doesn’t give advice. We work with The Debt Advice Service who provide information about your options.

Should you pay Credit Limit International?

You might end up having to pay Credit Limits International Debt Collection to avoid legal action and clear your debt. But you don’t have to pay them straight away if they send you a letter out of the blue. 

There is a way to respond without having to pay immediately. 

Ask for proof of the debt

After receiving a request for payment from Credit Limits International Debt Collection, you’re within your right to request proof that you owe the money. You can request this proof by sending a prove-the-debt reply. We have made this easy with a free prove-it letter template.

Credit Limits International Debt Collection just then respond to the letter with adequate proof. But what is adequate? They cannot simply state what debt you haven’t paid. They must provide a copy of an agreement or contract that ties you to the debt. If they cannot provide this then they cannot prove the debt and you’re currently not obligated to pay.

Any future payment requests can be ignored until they provide proof. If the matter does go to court, you need a copy of your letter and proof of posting to show a judge that you don’t yet have to pay. 

How a debt solution could help

Some debt solutions can:

  1. Stop nasty calls from creditors
  2. Freeze interest and charges
  3. 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.

Get Started

What if Credit Limit International Debt collection sends proof?

On the other hand, if Credit Limits International Debt Collection does prove your debt, you need to consider how you are going to pay to avoid further action. 

This is a good time to speak with a debt charity. The charity will provide free and confidential debt advice based exactly on your situation and finances.

They’ll recommend a debt solution or way forward, and they might even be able to get you on the Debt Respite Scheme so you get 60 days to make arrangements. 

» TAKE ACTION NOW: Fill out the short debt form

Is there a limit on collections?

Yes, many debts can only be legally enforced within six years, although some debt stake longer and some can always be enforced. If the time limit has passed to enforce a debt, it no longer has to be paid because a court will never tell you to pay. 

If you suspect the debt you’re being chased to pay is no longer enforceable, you should get confirmation on this from a debt charity. And then you can respond to explain why you won’t ever offer to pay the debt. 

We made writing this letter quicker thanks to our free statute-barred letter template.

Can you ignore Credit Limit International debt letters?

If you receive a Credit Limits International debt letter in your name, it means that a company you allegedly owe money to has decided to chase you for payment through Credit Limits International.

The letters you receive from Credit Limits International Debt Collection might be intimidating and scary. This is done on purpose to make you so scared that you pay quickly to end the matter. They’ll often make legal threats if you don’t pay by a deadline. 

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.

What can happen if you ignore Credit Limit International Ltd?

We’ve all wondered – what exactly will happen if you stop paying off your debts? Well, the answer is a whole lot of bother.

  1. Your creditor will send you reminders and then demands to get you to pay any missed payments
  2. If you don’t pay, your account will default
  3. 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 Credit Limit International will come in.
  4. 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.

Keep in mind that you can be charged fees, additional interest, or even extra administration fees if you miss your payments. You can quickly accumulate lots of charges from your creditor and debt collector if you don’t contact or communicate with them.

Typical Debt Collection Process

I’ve put together this table that explains all the key stages and actions involved in the debt collector timeline. For more information, be sure to check out our specialized guide.

Stage Actions What you should do:
Missing one or two small payments Calls and letters from the debt collector asking for payment. They may enquire about reasons for missing payments. Contact the debt collector and offer to pay what you can. If you are struggling to pay the debt, get in touch with us to explore your options.
Missing large or multiple payments Their contact will become more frequent, urgent, and threatening. Contact the debt collection agency and offer to pay what you can. You may also make a complaint if you think the letters are a form of harassment.
Debt collector visit After a few months, if the debt is significant (£200+) you will receive notice of a debt collector visit. They have to notify you before arriving. Debt collectors cannot take anything from your home – they may only ask for payment. If a debt collector shows up at your home, ask them to show proof of the debt and their ID through a window. Do not open your door or let them in. You can arrange a payment plan with the debt collector, but make sure to get a receipt of this.
Court If you still do not pay your debts to the original lender/debt collector agency, they will take you to court and either attempt to:
– File a CCJ against you.
– File an attachment of earnings order.
– File a lawsuit against you.
You must show up to your court date. From here, you can either dispute the debt, or the judge will likely suggest a manageable repayment plan for you.

Remember, if you ignore debt collectors, they can file a CCJ against you. It’s best to contact them and offer to pay what you can.

What debt solutions are available?

The debt charity could recommend one of many debt solutions depending on your circumstances, including:

  1. A Debt Management Plan
  2. A Debt Relief Order
  3. An Individual Voluntary Arrangement 
  4. Bankruptcy
  5. Scottish equivalents to the above if you live in Scotland

Credit Limits International reviews

When you search for Credit Limits International Debt Collection online, you may be surprised to see that the company doesn’t have too many bad reviews. This was the company’s Google review rating at the time of publication:

However, when you actually search through the company’s reviews you notice that all the positive reviews are from clients who got their money back. And all the one-star reviews are from disgruntled debtors claiming harassment etc.

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 make a complaint against Credit Limits International?

If you think that Credit Limits International 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 Credit Limits International 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, Credit Limits International may be fined. You could even be owed compensation.

Read more about UK debt collectors

More helpful tips and info to deal with debt collectors can be found on the MoneyNerd debt collector hub. Take a digital jump over there now if you need more support dealing with harassing debt collectors.

Looking for some specific advice? 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.

Could you legally write off some debt?

Answer below to get started.

How much debt do you have?

This isn’t a full fact find, MoneyNerd doesn’t give advice. We work with The Debt Advice Service who provide information about your options.

References

  1. Indebted Debt Collection Survey
The authors
Scott Nelson Profile Picture
Author
MoneyNerd’s founder, Scott Nelson, has a decade of financial industry experience, including 6 years in FCA regulated loan and credit card companies. Troubled by a lack of conscience in the industry, he founded MoneyNerd to give genuine advice to those in debt and struggling financially.
Janine Marsh Profile Picture
Debt Expert
Janine Marsh is an award-winning presenter and a valuable member of the MoneyNerd team. With a wealth of experience as a financial expert, she's been featured on BBC Radio 4, BBC Local Radio, and BBC Five Live, and is a regular on Co-op Radio.