IMFS Debt Collection: Verify the Account and Find Support

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

Check the named creditor, account and balance before sharing information or paying.

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

If collection contact is causing difficulty, you can request suitable arrangements and independent debt advice.

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.

Ask for the creditor’s name, account reference, balance breakdown and evidence that you are liable. For regulated consumer credit debts, a firm must pause recovery while it investigates a dispute on valid or potentially valid grounds. A request for information does not itself cancel the debt or extend a court deadline.

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.

A difference between letter balances does not automatically cancel a debt. Request an itemised breakdown and challenge any specific error.

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.

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Know your rights

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

IMFS is a trading style of Integrated Contact Solutions Limited, not a separate company with a parent. Its official site lists company number 09972113 and FCA reference 754982 for relevant activities.

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.

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.

Allow for essential living costs and priority debts before working out offers to non-priority unsecured creditors.

• 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

A realistic income-and-expenditure statement can support an offer. It should account for reasonable household needs and other priority commitments, not falsely claim every expense is fixed or identical for everyone.

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.

IMFS Debt Collection Contact Information

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About The Debt Advice Service

Use the enquiry form to request a call about your circumstances and available options. You decide whether to proceed.

Continue to the enquiry form

Advertisement. MoneyNerd introduces enquiries; we do not give debt advice or recommend solutions. The Debt Advice Service, a trading style of Pacific Financial Solutions Limited, offers free debt advice with no obligation. Complete the enquiry form to share your details and request a call.

Some debt solutions have fees and may negatively affect your credit rating. MoneyNerd may receive a fee if you go ahead with a debt solution through The Debt Advice Service. For free, impartial guidance and help finding free debt advice, visit MoneyHelper.

Here, we will answer some of the more frequently asked questions about IMFS debt collection and debt collectors in general.

References

1. IMFS: official company, account and contact information
2. FCA Handbook