If you are being contacted by Equidebt Debt Collection and you are wondering who they are, you should know that they are a debt collection company who chase borrowers for payment for outstanding debt.
It’s not unusual for debtors not to have heard of Equidebt Debt Collection, as this is not the company the original debt comes from; they simply chase it for another organisation.
It’s not your fault. Complaints to the Financial Ombudsman have risen this year from 830 to 2,006, so it’s safe to say that you’re not alone.
Deal with your debt today and feel better tomorrow.
Who are Equidebt Debt Collection?
Equidebt were a debt collection company, who were registered in the UK. They are now under administration, so no longer operate in this sector.
Don’t worry, here’s what to do
You could get rid of debt collectors by writing off your debt. I’ve put together a 4 question debt calculator which will tell you if you’re eligible:
Read what to do if you can’t pay back your debt.
What you need to know
If Equidebt are contacting you, you should know that they may be quite persistent. The best thing you can do is not panic, but deal with them in a calm manner. It is a good idea to communicate with debt collectors, otherwise they will just keep trying to reach you. Even though they are just doing their job, it can be frustrating to deal with. Don’t let them talk you into paying debt you can’t afford.
See my most popular post on how to get a refund.
Dealing with your debt
If you are in a lot of debt, you might want to consider entering into a debt management plan or an IVA. With the IVA, you can actually write off a lot of your debt, and make payments to the rest. This is a good option if your debt is out of hand, or if you just have no way of paying it.
You should use an IVA with caution though, as once you are in this, it can be difficult to get credit in the future.
If you want to take control of your debt by getting a loan to consolidate it, but you have a bad credit record, you may want to consider a guarantor. This is when someone (usually a family member) will take out the loan on your behalf. If you don’t pay it, they will be chased so make sure you can pay it before you do this.
If you do want to consider a debt management plan, we have a range to choose from, and we have a range of experts in debt management on our panel. Find out more about the best debt management plan to suit your own circumstances.
Find your best debt solution
Is all this information starting to feel overwhelming? Don’t panic! I’ve put together a 4 question debt calculator so you can quickly and easily find the best solution for you. Answer the four questions now.
Equidebt Contact Details
Also Known As: Equidebt Ltd, Equidebt Debt Collectors, Equidebt Coventry.
Address: Equity House, Ettington Road, Wellesbourne CV35 9GA
Telephone: 01789 472 172
Fax: 01789 472 140
Extra Data: See below
Why are Equidebt chasing you?
You don’t owe the money to Equidebt, so why are they chasing you? Surely it has nothing to do with them?
The answer is that unfortunately, they do have the right to chase you, provided that this is actually debt you owe (if in doubt, ask for confirmation), but they do not have a right to harass, humiliate or generally make you feel bad about the debt.
Ask Equidebt to provide you with a copy of the original contract, if you don’t believe you are liable for this debt.
Should you pay Equidebt?
If you owe the debt, and you receive confirmation then, of course, the ideal scenario is to pay the debt.
If you can’t afford to pay the debt, speak to the agent and ask them to set up a repayment plan for you, which takes your circumstances into account. They may ask you to send some information on your earnings and expenditure.
The quicker you pay the debt off, the better! Not only will it get Equidebt off your back, but it will help improve your credit rating.
Don’t let them force you though. If you can’t pay the debt, do not let them leave you in a position where you are unable to pay your day to day living costs, such as rent or mortgage.