Maybury debt collector will chase money on behalf of other companies.
Although you don’t owe the money directly to Maybury, they are a debt collecting agency, so you should not ignore them if they get in touch about a debt.
The debt will have been purchased by them from the company you originally had the credit with, so they have a legitimate reason to chase you – if you do in fact owe the debt.
What are the Next Steps?
If you have been contacted by a Maybury debt collector, you might be wondering what you should be doing next to deal with it. The main point here is not to ignore the debt, as it won’t just vanish. The debt collecting agency will continue to pursue this, and even hassle you, until you make arrangements with them to pay it off. They may contact you by different methods, including phone, email or by letter. In some cases, they will use every means possible to get hold of you. This can just cause stress you don’t need, so it is advisable to just get in touch with them to discuss it, no matter what your situation may be.
Is the debt accurate?
The first thing you need to do when contacted by a Maybury debt collector is to understand if the debt is yours and the value of it is correct. If you don’t recognise the debt or you think there is an error in it, you should contact either Maybury debt collector or the original company you owe the debt to, and ask them for a written statement. You don’t need to pay debt you don’t owe, but you must take steps to get it amended if it is inaccurate, as it will still follow you around.
I’m not working, do I still need to pay the debt back?
Whether you are working or not, the Maybury debt collector is still entitled to chase the debt. If you are out of work though, they may suggest paying a small amount each week, until you find employment. If you are not currently working, but due to start a new job on a specific date, Maybury debt collector may be able to defer your debt until you have received your first salary. It is important to speak to them, as this is the best way to deal with the debt and get it off your plate.
Should I prioritise my debt over bills?
You should not prioritise debt over bills. You should ensure all your utility bills and your mortgage/rent is paid before attempting to pay bills or to save money. It is important to keep a roof over your head and your bills paid before you pay debt, although taking steps to paying debt is vital. If you have nothing left after you pay your bills, speak to Maybury debt collector, and advise them of your situation.
What options are available to me?
If you have been contacted by Maybury debt collector about outstanding debt, these are some of the options available to you.
- Clear the debt – obviously, the best option would be to clear the debt in full. If you can afford to do so, it would be advisable to clear the debt. It’s better for your credit score, and for your stress levels!
- Ask for discount – in many cases, debt collectors will offer a discount if you can pay it off. It might show up on your credit report as ‘partially settled’ which shows that your creditor has accepted a lower payment. This can reflect negatively on you, as other companies will be able to see that you weren’t able to pay the balance in full. However, it will get rid of the debt more quickly.
- Pay in Instalments – if you can’t afford to pay the debt off, you can arrange to pay it in instalments. Most creditors will accept payments, even if they are relatively small, if you stick to the payment schedule. They may ask to see proof of your income though.
- Defer the payment – in some circumstances, you may not be able to make payments right away but may be able to start in the near future. For example, if you are in-between jobs. If you speak to the Maybury debt collector, they will usually be willing to consider individual circumstances and take your situation into account. The main point is that you get in touch and advise on your situation.
Maybury Debt Collector won’t Stop calling me!
Although Maybury debt collector have a right to chase you for money, if you owe it, they also have an obligation not to harass you or to contact you by means in which you don’t want them to. For example, if they are constantly calling you, you can request that they only contact you via email or letter. It is your right to receive communication in the way that suits you best. You can contact the Financial Conduct Authority if the debt collectors are refusing to contact you in the way you have requested.
Can they enter my house and take my goods?
If you are unable to pay Maybury debt collector, you may be worried that they’ll visit your home and enter your premises. Don’t worry about this though, as they have no right to do this. If they visit you at home, you can ask them to leave straight away. They should not threaten you in this manner.
I’m really worried about my debt, what can I do?
Many people are in debt, and if you feel like your debts are mounting up around you, you are not alone. It is important to take steps to improve your finances, no matter how dire the situation may feel.
You should contact your creditors and devise a repayment plan with them. It is imperative that you contact them, otherwise the situation will just continue to get worse.
It can feel like the easier choice to just discard letters and ignore phone calls, but the debt won’t just go away. Most debt collectors will be able to work out a plan with you to pay it back. If you need any further advice on your debt, you may want to contact National Debt Advice.