Featured in...
Dashboard
Debt Info
Debt Collectors

Shire Recoveries Debt Collection – Do You Have to Pay?

Scott Nelson Profile Picture Janine Marsh Profile Picture
By
Scott
Scott Nelson Profile Picture

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.

Featured in...
Shire Recoveries Debt Collection

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.

Getting a letter from Shire Recoveries Debt Collection can be worrying.

It’s okay, you’re not alone. Every month, over 170,000 people come to our website for help with debt issues. We’ll guide you through this.

In this easy-to-understand article, we’ll:

  •  Help you understand who Shire Recoveries are.
  •  Show you how to check if you really need to pay.
  •  Teach you how to deal with Shire Recoveries.
  •  Discuss your rights and what actions they can take.
  •  Show you ways to pay less or even write off some debt.

We understand your worries – getting calls and letters can be scary. But don’t worry; our team is knowledgeable. We know about debt and how to handle it.

You can trust us to give you good advice. Call us on 01827 300326 for more help.

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.

Why is Shire Recoveries Debt Collection contacting me?

So, Shire Recoveries have sent you a letter. But why are they getting in touch? And who are they? It’s unlikely that you have had any connection with them or have dealt with them in the past. Getting a letter from a company you don’t know or recognise can be a bit confusing and a little worrying too.

Shire Recoveries Ltd is a debt collection agency. This means they specialise in recovering money owed to their clients by customers. Sometimes businesses may not have the appropriate resources or the skills to collect payments from people. This results in these businesses contracting agencies like Shire recoveries to act on their behalf and collect these debts.

If you have an unpaid debt with another company, it’s highly likely that Shire Recoveries are reaching out to you in relation to that. They also sometimes buy debts from companies. This usually happens when a company decides a debt has gone ‘bad, meaning they’re struggling to collect it.

These bad debts are then bought in bulk by debt collection agencies like Shire Recoveries Ltd. This now means that instead of owing the original creditor, you owe Shire Recoveries, who will make money out of it.

» TAKE ACTION NOW: Fill out the short debt form

Are they a legitimate company?

Fake debt collection agencies are some of the biggest scammers out there, and there are loads of stories about people handing over sums of money, thinking they have debts they never actually had. So it is good practice to treat letters from companies you don’t recognise with a degree of suspicion.

However, Shire Recoveries is not a fake company, nor are they out to scam you. They’re registered with Companies House, meaning they’re very much official and legitimate. Their company number is 06028665, and they were incorporated on 14 December 2006.

Shire Recoveries Ltd is also a member of the Credit Services Association (CSA), and they have passed the CSA’s Collector Accreditation Initiative. This is an initiative designed to ensure the way Shire Recoveries Debt Collection operates day-to-day is legal, fair and compliant. Sometimes debt collection agencies cross the line and don’t follow the rules though – we will cover what to do if you have complaints about Shire recoveries later on.

How you should deal with Shire Recoveries Debt Collection

Now that we’ve got the basics down about who Shire Recoveries Ltd is, what they do and why they’re getting in touch with you, what should you do next? The following steps will be a good guide about what to do when dealing with Shire recoveries.

They won’t stop sending me letters and they keep on calling me – should I ignore them?

Debt collection agencies are well-known for being persistent. They’ll keep on hounding you until the debt is paid, by any means necessary. There is, however, a fine line between being persistent and actually harassing you – and debt collection agencies are not allowed to harass you. Shire Recoveries debt collection is a member of some really well-known and well respected financial regulators. By signing up to these, they will be expected to adhere to the rules laid out by them.

You should never ignore any correspondence from debt collection agencies. It is rare that a company like Shire Recoveries Ltd contact you by mistake, and even if they have, ignoring their letters won’t stop them from trying to get in touch. After a certain length of time, they can also escalate matters if you don’t respond.

You do have some control over how you want to be contacted, however. You can make the request that they only contact you in writing, which is a good option as you then have physical proof of correspondence if something happens later on.

Should I just pay Shire Recoveries Debt Collection?

It could be argued that we all have to pay our debts at the end of the day. There are a few things worth knowing that might affect how you go about this though. If you can prove the debt isn’t yours, or if the debt was issued illegally, you can contest it. But to do this, you need to have as much information at your disposal as possible.

If the debt is definitely yours, and you can repay it in full, then you should do this as soon as you can. You may even be able to pay slightly less if you contact the original creditor directly, and find out if you can settle with them without the input of Shire Recoveries.

Will Shire Recoveries Ltd visit my home?

Debt collection agencies don’t often make home visits. The only time they would make a visit to your home is if they don’t see any progress in the issue, and their letters and calls aren’t being returned. If this happens, they have to send you a letter saying that they will be visiting. This letter is usually sent with a minimum of seven days’ notice.

To completely avoid a potential home visit from Shire recoveries, it is a really good idea to keep in touch with them and to not ignore their letters or phone calls. It is a good idea to try and keep a timeline of contact with Shire Recoveries Ltd, so you know when they’ve contacted you and what steps you took in response.

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

Knowing your rights when you deal with a debt collection agency like Shire Recoveries Debt Collection is one of the most important things when you are trying to sort this issue out. You actually have more rights than you probably realise. However, Shire Recoveries also have rights and options too, so it is also really important to know what these are as well.

Being a member of the Credit Services Association means that Shire Recoveries is expected to follow these rules – but there are stories of debt collection agencies breaking these rules. We’ll talk about what to do if you have a complaint about Shire Recoveries later on.

What action can they take?

Writing letters and calling you are the most common ways a debt collection agency will contact you. But they can also potentially visit your home. If you fail to get in touch with them, they have every right to escalate matters.

Shire Recoveries Debt Collection says on their website that they use ‘just the right amount of communication with [the] customer to make them understand that they must pay the money they owe’. If they think that they have no other choice, they can legally get the court involved.

Here are some of the actions they might take:

  • A County Court Judgment (CCJ). This is when the courts demand you pay back what you owe
  • Add additional fees or charges to the amount already owed. This cannot be too excessive, however.
  • Issue a statutory demand. A statutory demand is often one of the first steps towards bankrupting you, but these are often only for debts over £5,000.
  • Bailiff involvement. If granted by the court, bailiffs can come and claim your possessions to reclaim the cost of the debt.

You want to avoid any of these things happening. They can be really stressful at the time, but they will also affect you in the long term too, and your credit rating could actually end up being damaged in the process.

What rights do I have?

Shire Recoveries Ltd is a member of the Credit Services Association (CSA), and they have passed the CSA’s Collector Accreditation Initiative as well. This means that there is a strict code of conduct they need to follow. If you can prove that they aren’t following these rules, you can make a complaint about Shire Recoveries. Some of the rules they have to follow include:

  • Not calling you up at unreasonable times during the day
  • They can’t make a home visit before 6am or after 9pm
  • Not discussing your debt or your payments with someone in your family or workplace
  • Not taking payments without your explicit permission
  • Not adhering to your contact preferences

These are just some of the rules that Shire Recoveries Debt Collection have to respect, as outline in the full CSA Code of Practice. If you have evidence that they haven’t followed these regulations, it can void your debt, so be sure to keep track of all your correspondence with Shire Recoveries Debt Collection to make sure that they’re obeying the rules.

What do I do if I can’t afford to pay Shire Recoveries Debt Collection?

Sometimes we’re not able to pay our debts. This can be a really hard fact to face up to, and you can feel overwhelmed and embarrassed by it. But try not to worry too much – you’re not the first, and you won’t be the last. There are a few different options open to you if this is a reality for you.

First of all, you should contact Shire Recoveries Ltd and explain your situation. If you do this, they will be more likely to help you out or at least offer advice. But they can’t do this unless you tell them what’s going on.

By keeping them updated with what’s going on, they could be more likely to agree to a repayment plan. This means instead of paying the full amount in one go, you make a series of instalments that contribute to the full amount. They have a handy ‘Online Payment’ section on their website too.

There are several different initiatives in place that are designed to help with your debts too. Debt consolidation loans and debt management plans can both help you settle your accounts.

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 about Shire Recoveries?

You have every right to make a complaint about Shire Recoveries Ltd. You will have to prove that they haven’t abided by the rules that they agreed to follow in the Credit Services Association (CSA), and show any relevant paperwork too. They have a dedicated page on their website outlining the complaints process. If you want to escalate your complaint about Shire Recoveries, you can contact the Financial Ombudsman service.

What kind of reviews have Shire Recoveries Debt Collection got?

Debt collection agencies never have the most glowing reviews. After all, they’re not the most popular sort of company. There aren’t any official Shire recoveries reviews from Trust Pilot for instance, but there are some posts on forums that don’t paint Shire Recoveries Ltd in the best light.

Shire Recoveries Debt Contact Information

Post: 1 Calico Business Park, Sandy Way, Amington, Tamworth, Staffordshire, B77 4BF
Phone: 01827 300 326
9am to 5pm Monday through Friday
Fax: 00182 768 672
Email: [email protected]
Website: https://shirerecoveries.co.uk/

Final Thoughts

That’s just about everything you need to know with regards to Shire Recoveries Debt Collection. If you get a letter or a call from them, it can be really overwhelming, stressful and confusing. But don’t worry. If you follow these tips, you should be able to sort it all out quickly and easily.

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.

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.