IMFS Debt Collection - Should You Pay?

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Are you feeling worried because you got a surprise letter from a debt collector called IMFS?

You’re not alone in this, and we’re here to help. Every month, over 170,000 people come to our website for advice about debts.

In this guide, we’ll help you understand:

Who IMFS Debt Collection are, and what they do
The types of debts they collect
How to check if this debt is really yours
Steps you can take if you can’t afford to pay
Ways you might be able to write off some of your debt

We know the worry that debt can cause. In fact, research shows that 64% of people in the UK feel stressed when dealing with debt collectors.¹

Don’t worry; you’ve come to the right place. Let’s get started and find the best way for you to deal with this.

Dealing with IMFS Debt Collection

Let’s take you through the steps of dealing with IMFS debt collection.

First, don’t ignore IMFS correspondence when you get a letter, email or phone call.

We always recommend responding to debt collectors – even just to question the debt’s validity. You have the right to request proof of the debt. They have to prove it or they can’t charge you.

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

Gather any previous correspondence

After carefully reading the letter IMFS debt collection, we suggest you go through your own records. Try and find as much information and correspondence from them as you can.

Cross-reference all the amounts on the letters. If there are any differences, you may not have to pay them.

Keep a diary

You should start keeping a diary from the moment you are first contacted by IMFS debt collection.

Note down the dates and times of every letter they send, and every call that they make.

If you can, it’s a good idea to get the names of all the people you speak to as well. This will help you later on, especially if IMFS debt collection starts legal action.

» TAKE ACTION NOW: Fill out the short debt form

Know your rights

You do have legal rights when dealing with a debt collection agency like IMFS debt collection.

IMFS debt collection and their parent company, Integrated Contact Solutions Ltd, are both regulated by the Financial Conduct Authority. Therefore, they must adhere to certain rules and regulations.

If they disobey any of these things, you should file a complaint with the debt collector.

We’ve put together this simple table that explains what debt collectors are allowed to do. If you’d like to learn more about your rights, 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.

How do you arrange a payment plan?

Setting up a Payment Plan with IMFS involves a bit of research.

First, you need to work out your budget based on your monthly income and outgoings.

You should share the money left to pay any unsecured debts. Once you have done this, we suggest you do the following:

Contact your creditors, whether by letter, email, or phone to explain your situation
Make them an offer to repay an amount you can afford
Make sure you get it in writing when a creditor agrees to a payment plan

You should provide creditors with a copy of an income and expenditure statement which proves your spending is only for essentials.

It also shows creditors you are offering a fair IMFS debt Repayment plan you can afford.

We suggest you also explain how you got into the situation, whether because you lost your job or because of an unexpected event.

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

IMFS Debt Collection Contact Information

Website:	https://www.imfs.co.com/
Online Support:	Customer Care Service Portal
Address:	4100 Park Approach, Thorpe Park, Leeds, West Yorkshire, England, LS15 8GB
Phone:	01133508520

Thousands have already tackled their debt

Every day our partners, The Debt Advice Service, help people find out whether they can lower their repayments and finally tackle or write off some of their debt.