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Mercantile Data Bureau Debt – Should You Pay? 2022

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For free and impartial money advice and guidance, visit MoneyHelper, to help you make the most of your money.

Are you the unfortunate recipient of a Mercantile Data Bureau debt letter? Has it left you scared, stressed or even a little angry? You’re probably wondering if you even have to pay Mercantile Data Bureau or if you can ignore this letter. We provide answers when you need them most – read on!

Beating Debt Collectors

There are several ways to deal with debt collectors and improve your finances.

Choosing the right way to tackle your debt could save you time and money, but the wrong one could cause even more harm.

It’s always best to find out about all your options from a professional before you take action.

Fill out the 5 step form to get started.

Who are Mercantile Data Bureau?

Mercantile Data Bureau is a debt collection industry in the UK. They’re also known as Cabot Credit Management. The company is authorised and regulated by the Financial Conduct Authority (FCA), making them legally allowed to recover unpaid arrears and debts. 

Mercantile Data Bureau will try to recover unpaid accounts and arrears on behalf of other businesses. They may do this for a fixed fee or commission – or maybe both. But it’s crucial that you remember that Mercantile Data Bureau is not bailiffs. They can ask you to pay but they can’t come into your home or take any of your possessions. 

Have you received a Mercantile Data Bureau debt letter?

A Mercantile Data Bureau debt letter will be sent to your home address if they have it. They’ll ask you to pay by a certain deadline. And they should give you an option of a payment plan if you cannot pay in full. You will need to contact them to speak about personalised repayment plans. 

This letter can be scary because it will threaten legal action if you don’t pay. It’s unknown whether legal threats are real or not. Sometimes they can be, and sometimes they’re scared tactics to get you to cough up. 

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Should you pay a Mercantile Data Bureau debt?

You don’t have to pay a Mercantile Data Bureau debt instantly. There is something you can do which will mean you haven’t ignored the Mercantile Data Bureau debt letter, and nor have you made a payment.

What is it? Keep reading to find out!

Ask for proof of the Mercantile Data Bureau debt

You only need to pay a Mercantile Data Bureau debt if you have been provided with proof that you owe the debt. This proof should be a signed agreement or contract that you defaulted. You can request this if Mercantile Data Bureau hasn’t already sent it along with their payment request.

It could just buy you some extra time, or if they don’t or can’t provide proof, you won’t have to pay until they do. You still might get taken to court, but you can then tell the judge that they never provided proof of the debt. 

Make this request even easier with our prove the debt letter template!

Get more help dealing with Mercantile Data Bureau

Free personalised support is available from debt charities. And you can get bitesize content that’s easy to follow from us. Why not begin on our debt help hub? Here you’ll find info and answers to the most common debtor questions.

Are you struggling with debt?

Affordable repayments

Reduce pressure from people you owe

Stop interest and charges from soaring

Get started

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Are you struggling with debt?
Are you struggling with debt?
  • Affordable repayments
  • Reduce pressure from people you owe money to
  • Stop interest and charges from soaring
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