Hewitts Solicitors are a debt collection agency and if you have received a letter from them about outstanding debt, you may be wondering what to do next.
Hewitts Solicitors debt collection will collect money on behalf of other organisations. They buy the debt from companies and chase it on their behalf. They may get in touch about your debt by telephone, email or by post, or they may use a combination of these.
If you are being contacted by Hewitts solicitors in Stockton or other areas within the UK, there are some steps you can take. It is important not to panic if you have received a debt letter, as this can be dealt with quickly.
Understand the Debt
It is important that you understand where the debt is from and how much you owe. You should ask them to provide written confirmation of the debt, including the original credit agreement. If you are being contacted by telephone about the debt, you can request that they stop calling you and only deal with you by email or by letter. It is your right to request that any contact is in the way you prefer. Not everyone likes being contacted by telephone and debt collection agencies tend to do this excessively when they want to get in touch with you.
I Do Not Recognise the Debt?
If the letter was issued to you in error and you don’t, in fact, owe the money, you should contact Hewitts solicitors debt collection immediately and let them know. You may also want to contact the original credit company and find out why you they have sold the debt and to request that they update their details. Do not pay debt that you don’t recognise, or you don’t owe. If it is not your debt, make sure you inform Hewitts solicitors debt collection and any company who are chasing you about the debt.
Steps if you owe the Money
If you recognise the debt you are being chased about by Hewitts solicitors in Reading or other location, these are the steps you can take.
- If you can afford it, the most favourable step is to pay the debt back straight away. It can affect your credit rating if you owe money, so it is always better to try and take care of this as quickly as possible.
- If you can’t afford to pay the debt back, you should contact Hewitts solicitors debt collection straight away and inform them. They will be able to come to an arrangement with you to pay the debt back, for example, paying the debt in instalments or delaying the payment date to one that suits you. It is vital that you don’t just ignore your debt, as this will have adverse consequences for your credit rating. You may have problems getting access to mortgages or other sources of credit in the future if you default on your payments.
How to manage your debt
If you are worried about debt from Hewitts solicitors in reading or any other debt you have, it might be worrying you and causing additional stress. It is important to take care of your debt and manage it properly. These are some ways you can manage your debt and keep on top of your finances.
Understand your credit score
The best way to be able to manage your debt is to understand your credit score and what you owe. Whether it is Hewitts solicitors debt collection you owe money to or any other companies, you should understand what you owe by checking your credit report. You can do this via Experian or another credit referencing agency. You will be able to find out more about your debt, including who you owe and how much you owe. It is important that you contact any creditor and arrange to pay your debt or to clear up any inaccuracies.
Make Payments to Outstanding Debts
It is important to start making payments to any outstanding debts you have, no matter how small your payments are. Most creditors will accept any payment you can manage, although they may ask for proof of your affordability. You should pay your regular bills before you even consider paying any debt.
Take out a Personal Loan
If you have a lot of debt, including the one for Hewitts solicitors debt collection, you may want to apply for a personal loan. If you can get a loan with low interest rates, it may be worth consolidating your debt. A personal loan can be useful as you will have all your debt in the one place, making it easier to manage. If your credit rating is such that you will be entitled to a loan with low interest rates, it might be worth getting this, and consolidating your debt. This is particularly useful if you have a lot of debt, as it means your debt is only in one place. It is much easier to manage this way.
Seek Professional Advice
If you are extremely anxious about your debt issues and need to seek advice, there is lots of professional assistance available. You can contact companies such as Citizens Advice, who will be able to offer help and support. Although discussing finances can be difficult, it is important to take proper care of your finances and clear any debt you have. Debt can spiral quite quickly and can get out of hand, the sooner you can take care of your debt, the better.
Make Payments to Hewitts Solicitors Debt Collection
When dealing with debt from Hewitts Solicitors, you should set up monthly payments or make payments directly when you can afford it. It is important that you adhere to any payment plans, as the debt company will keep chasing you to make payments, and it could affect your credit score further.
5 Ways to Improve Your Credit Score
The good news is that no matter what your credit score is, you can improve it by taking better care of your finances. These are some ways to improve your credit score.
Register on Electoral Register
You should make sure you are on the electoral register, as otherwise it could be negatively affecting your credit score. Registering only takes a few minutes and it can be done online.
Stop Applying for Credit
Every time you apply for credit, your credit report may be checked and this can have adverse consequences on your credit rating. No matter how dire your financial situation may be, it is important that you don’t apply for credit, and instead, focus on saving and paying off any outstanding debt.
Pay on Time
Debt accumulates when you fail to pay your bills on time. It is a good idea to work out when your bills are due, and make sure they are not paid late. Paying bills is more important than paying debt, so start with this first.
Always keep track of your credit report so you can deal with any issues quickly. If you keep track, you can get a better understanding of what you owe and any corrections that need to be made.
Use Credit Card
If you have a credit card, make sure it is active but always pay it off in full. If your credit card is active, it can help improve your credit rating.