'eui ltd prem tr' Bank Statement

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 seen ‘EUI Ltd – Prem TR’ on your bank statement and are wondering who they are? This can be a bit concerning.

Don’t worry; you’re in the right place. Each month, over 170,000 people visit our site for advice on subjects such as this.

In this article, we’ll cover:

Who EUI Ltd – Prem TR is, and what a debt recovery team does.
How to make sure the debt is yours.
The options you have if EUI Ltd contacts you.
Details on if EUI Ltd can ask you for debt.
How to manage if you can’t pay your debt.

Research shows that 64% of people in the UK find dealing with debt collectors stressful¹. Some of our team members have also experienced this.

That’s why we’re here to provide helpful advice on how to handle the situation.

Why is EUI taking payments and getting in touch with you?

EUI Limited could be taking payment or contacting you for a wide variety of different reasons.

Debt collection companies often collect debts for a wide range of clients. They typically buy billions of debt annually at rock bottom prices – at an average of 10p to £1!²

Other companies will involve debt recovery companies, such as EUI Limited, to reclaim any outstanding payments.

In their initial correspondence, they will specify exactly who they are collecting the debt on behalf of.

For the most part, EUI is likely to be taking payments, regarding overdue payments or late payments, from you with Admiral Group Insurance.

» TAKE ACTION NOW: Fill out the short debt form

Are they allowed to chase you for debt?

EUI Limited is allowed to chase you for debt.

However, the FCA have rules and guidelines to prevent unfair lending practices. EUI must abide by FCA rules if they wish to continue to operate in the consumer credit industry.

Janine, our financial expert, explained that while debt collectors can visit your home for payments, they cannot come to your workplace, act threateningly, force payment, or discuss your finances with others.

If they violate these rules, you can complain.

The Financial Conduct Authority guidelines prevent debt collectors from harassing you.

Your Rights With Debt Collectors

Knowing your rights when dealing with debt collectors is key—it gives you the confidence to navigate the process smoothly.

Check out the table below to learn what debt collectors can and can’t do. For more information, make sure to check out our detailed guide.

Debt Collectors Can	But They Can’t
Contact you by phone or mail.	Call you after 9pm or before 8am.
Conduct home visits (on rare occasions) and knock on your door.	Forbily enter your home, or stay if you ask them to leave.
Threaten to take you to court by suing you for payment on a debt.	Harrass you, including threats of violence, repeated calls and visits, or abusive language.
Negotiate a debt settlement. Tip: make sure to get this new arrangement in writing.	Visit your workplace.
Access your bank account, but only after a court judgment has been made.	Take anything from your home or threaten to do so.
Sell your debt.	Speak to other people about your debt without your permission.
Contact you frequently.	Keep doing so if you request that they reduce communications.

What to do if you cannot pay your debt?

You have several options if you cannot afford to pay an outstanding debt. For example, you can try to speak to your creditor to discuss a monthly repayment plan.

Other options could include getting an administration order, an individual voluntary arrangement (IVA), a debt management plan, or seeking free financial assistance from debt charities.

Whatever you do, don’t ignore your debt.

We compiled some useful information to help determine the best course of action for you.

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.

Get Started

What should you do if EUI Limited gets in touch?

If EUI gets in touch, don’t panic!

It can cause distress and worry if you get a letter saying you owe money you didn’t think you owed. Especially if you don’t think you owe any money in the first place.

Companies like EUI Limited rarely send these letters in error, so you will probably owe the money they say you owe.

Check the details

When you get your letter or see a direct debit in your bank account from EUI Limited, cross-reference this with any information you can find to ensure the debt is correct.

If you are questioning whether or not you actually owe the debt, you can request a ‘Prove the Debt’ letter from them.

Get them to prove the debt using our free letter template that could see your debt written off.

Take notes

As you go through the process of paying EUI, taking notes of everything you do is worthwhile.

Note down the dates of each letter. If you end up having a phone call with them, take down the names of the people you speak to. If you see a direct debit or recurring payments, note the amount and the date.

As we see it, this will help you further down the line if they accuse you of discrepancies.

» TAKE ACTION NOW: Fill out the short debt form

Should you pay up if you know you owe the debt?

If you know the debt is yours and can pay it, settle it as quickly as possible.

The sooner you do this, the sooner their letters and phone will stop. If you can’t afford it, you may be able to negotiate a repayment scheme where you pay monthly instalments.