JCIA Debt – Should You Pay?
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.
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.
Are you wondering about JCIA debt and what to do? You’re not alone. Each month, over 170,000 people visit our website to find answers to their debt questions.
In this article, we’ll give you clear guidance on:
- What JCIA is and if it’s a real business.
- How to understand a JCIA debt.
- Ways you might be able to write off some JCIA debt.
- How JCIA might try to get payment from you.
- Steps to respond to a JCIA debt letter without paying.
You might be worried about how to deal with JCIA debt. We understand, as many of us have been in the same place, dealing with debt collectors and research shows that 64% of UK adults find interactions with current debt collectors stressful1. But don’t worry, we’re here to help you.
This article will help you make sense of your situation and give you some options.
What is a JCIA debt?
Debt collection agencies like JCIA debt buy billions of debt annually at rock bottom prices – at an average of 10p to £12!
How does JCIA chase you for payment?
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.
How to respond to a JCIA debt letter (without paying!)
» TAKE ACTION NOW: Fill out the short debt form
Should you pay JCIA?
It’s important that you know that debt collection agencies typically follow a specific timeline during a process like this one. To help you stay on top of the game and know exactly where you currently stand, please check out our related article on the topic and take a quick look at the table below.
Stage | Actions | What you should do: |
---|---|---|
Missing one or two small payments | Calls and letters from the debt collector asking for payment. They may enquire about reasons for missing payments. | Contact the debt collector and offer to pay what you can. If you are struggling to pay the debt, get in touch with us to explore your options. |
Missing large or multiple payments | Their contact will become more frequent, urgent, and threatening. | Contact the debt collection agency and offer to pay what you can. You may also make a complaint if you think the letters are a form of harassment. |
Debt collector visit | After a few months, if the debt is significant (£200+) you will receive notice of a debt collector visit. They have to notify you before arriving. Debt collectors cannot take anything from your home – they may only ask for payment. | If a debt collector shows up at your home, ask them to show proof of the debt and their ID through a window. Do not open your door or let them in. You can arrange a payment plan with the debt collector, but make sure to get a receipt of this. |
Court | If you still do not pay your debts to the original lender/debt collector agency, they will take you to court and either attempt to: – File a CCJ against you. – File an attachment of earnings order. – File a lawsuit against you. |
You must show up to your court date. From here, you can either dispute the debt, or the judge will likely suggest a manageable repayment plan for you. |
Another loophole to avoid JCIA debt
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.
JCIA reviews (CARS)
Other Debt Collectors
You should check for more outstanding debts that you may have with other companies or debt collectors. Here are four steps you could take:
- Check your credit report for other defaults
- Check your email and post for reminders or overdue notices
- Check the court records for CCJs against you
- Check your bank statements for the names of other debt collectors
There are hundreds of debt collectors in the UK and each works with different companies to collect debts.
For example, Cabot Financial have been known to collect for the DVLA while Lowell Financial and PRA Group buy debts from various credit card companies like Barclaycard.
If you see a name on your bank statement that you don’t recognise then you can search MoneyNerd to see if they’re a debt collector.
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.
Natasha
I’d recommend this firm to anyone struggling with debt – my mind has been put to rest, all is getting sorted.
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