Debt Managers Services Ltd – Do You Need to 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.
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!
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 our ‘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.
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:
- 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.
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.