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Debt Managers Services Ltd – Do You Need to Pay?

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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 7th, 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.

Have you got a surprise letter from Debt Managers Services Ltd? You might be feeling worried and unsure of what to do.

Don’t worry; you’re in the right place. Every month, over 170,000 people visit our website to get help with debt problems. We are here to guide you through this.

In this article, we’ll help you:

  •  Understand who Debt Managers Services Ltd are.
  •  Learn if they are a real company.
  •  Find out how to get in touch with them.
  •  Explore if you can reduce some of the debt.
  •  Know the next steps to take.

We’ve all had times when money worries make us scared and unsure. Some of us have even had letters from debt collectors like Debt Managers Services Ltd.

We are here to help you learn more about your options. Let’s get started!

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.

Debt Managers Services Limited – Next Steps

So now we know who we are dealing with, and how we can contact them, we can move onto the next steps with dealing with Debt Managers Services Limited. If you follow these steps, you may even be able to beat them at their own game.

Information

As soon as you receive your letter from Debt Managers Services Limited, you should set about making sure that the debt is definitely yours. 

Follow my ‘prove it’ guide with letter templates and get them to prove that you owe the money.

Go through any previous correspondence you might have received from the original creditor, and compare the amounts on each letter. If there are discrepancies, you may not have to pay the debt.

Confirmation

If you are not sure as to whether the debt is actually yours, you can send Debt Managers Services Limited a ‘Prove the Debt’ letter. This requires them to respond to you with evidence that the debt is indeed yours. You can find some templates for a ‘Prove the Debt’ letter in one of our other articles.

Discussion

If you are worried about your finances, there are many different services available to you to discuss different options or give advice. These include Citizens Advice Bureau, The National Debtline and the StepChange Debt Charity.

» TAKE ACTION NOW: Fill out the short debt form

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.

debt collector names

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.

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

Debt Managers Services Ltd Contact Information

Phone: +44 1709 758449
Monday to Friday 8:30am – 5pm
Address: Debt Managers (Services) Ltd, The Heriot Building, Dodds Cl,
Rotherham S60 1BX, United Kingdom
Email: [email protected]
Website: https://www.debt-managers.com/

FAQs

Here, we answer some of the more common questions about Debt Managers Services Limited, and debt collection agencies in general.

Should I pay Debt Managers Services Limited?
If you are certain that the debt is yours, and you have the necessary funds to pay them in full, you should do this right away. Occasionally, you may be able to get a discount on the debt. They will also stop sending you letters and calling your home, which can be a relief.
What happens if I can’t pay them?
Often, our debts gather to a head of steam when we can ill afford them. If you can’t pay in full, get in touch with them as soon as you can. They may agree to a repayment schedule, where you pay back the debt in instalments.
Will they leave me alone if I ignore them?
Ignoring them won’t make them go away. In fact, it’s likely to have the opposite effect. Debt collection agencies like Debt Managers Services Limited are notoriously persistent, so ignoring them will encourage them to continue to call and send letters to you. Get in touch with them as soon as you can to avoid this.
Can I complain about them?
Yes. If you think that Debt Managers Services Limited hasn’t behaved well in your dealings with them, you can make a complaint. On the Complaints section of their website, they advise you contact them directly with the nature of the complaint. If you are still dissatisfied, you can escalate the matter to the Financial Ombudsman Service.
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.
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