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Moriarty Law Debt Collection – Should You Pay?

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By
Scott
Scott Nelson Profile Picture

Scott Nelson

Managing Director

MoneyNerd’s founder, Scott Nelson, has a decade of financial industry experience, including 6 years in FCA regulated loan and credit card companies. Troubled by a lack of conscience in the industry, he founded MoneyNerd to give genuine advice to those in debt and struggling financially.

Learn more about Scott
&
Janine
Janine Marsh Profile Picture

Janine Marsh

Financial Expert

Janine Marsh is an award-winning presenter and a valuable member of the MoneyNerd team. With a wealth of experience as a financial expert, she's been featured on BBC Radio 4, BBC Local Radio, and BBC Five Live, and is a regular on Co-op Radio.

Learn more about Janine
· Mar 1st, 2024
Could you legally write off some debt? Answer below to get started.

Total amount of debt?

This isn’t a full fact find, MoneyNerd doesn’t give advice. We work with The Debt Advice Service who provide information about your options.

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.

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Moriarty Law Debt Collection

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.

Have you received a letter from Moriarty Law and are feeling concerned? Don’t worry; you’re at the right place.  Each month, over 170,000 people use this website to learn about different debt solutions.

In this article, we’ll discuss:

  •  How to check if the debt is really yours.
  •  What to do if a debt collection agent visits your home.
  •  How you might be able to write off some Moriarty Law debt.
  •  How to stay on top of your debts.

Research shows that 64% of people in the UK find dealing with debt collectors stressful1. Some of our team members have also experienced this.

We truly understand your concerns and are here to help you learn more about dealing with Moriarty Law Debt Collection.

Could you legally write off some debt?

There are several debt solutions in the UK, choosing the right one for you could write off some of your unaffordable debt, but the wrong one may be expensive and drawn out.

Answer below to get started.

How much debt do you have?

This isn’t a full fact find. MoneyNerd doesn’t give advice. We work with The Debt Advice Service who provide information about your options.

How to Deal With Moriarty Law Debt Collectors

The first thing that you need to do is ask Moriarty Law to prove that you owe the debt.

If they can’t prove that you owe the debt, you are not liable to pay it. You may need to use one of our free letter templates to write to them and explain the situation.

From our experience, it is too common for people to pay a debt before checking to see if they owe it!

This person did the right thing – Moriarty Law are in the wrong! They need to show that this person owes them money and not issue time frames!

Keep in mind that most debts are statute-barred after 6 years or 5 years if you are in Scotland. If you have not made a payment towards or written to your creditor for this window then there is no legal way for you to be forced to pay.

But some debts last longer than others!

HMRC debts, for example, don’t become statute-barred and any debt that already has a County Court Judgement (CCJ) attached to it will always be enforceable.

If you owe the debt and it’s enforceable, you need to pay it.

Typical Debt Collection Process

If you’ve missed a payment, Moriarty Law can call you and send letters. This is quite normal, as it’s part of the first stage of the debt collection process.

We’ve put together this table to help you better understand the debt collector timeline. For more information, be sure to check out our specialized guide.

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.

What to Do If You Can’t Pay Your Debt?

Paying your debt immediately is the easiest and quickest way to get Moriarty Law off your back. But sometimes that’s not possible!

You can negotiate a repayment plan that you can afford if you can’t pay in one go. Most debt collection agencies will have a few ready-to-go payment schedules for you to choose from.

If you can’t afford to pay via a repayment plan, you may need to consider a debt solution.

There are several options, depending on your financial circumstances. Many of these solutions are also some of the only debt write-off options in the UK.

We recommend speaking to a debt charity if you are thinking about debt solutions. Their advisers will be able to guide you through your options and find the best one for you.

Individual Voluntary Arrangement (IVA) or Trust Deed

An IVA is a legally binding agreement between you and your creditors.

You agree to pay a monthly sum that is distributed amongst your creditors, and they agree to not contact you or chase the debts for the duration of your IVA. This is usually 5 years.

At the end of your IVA, any remaining debts are written off.

To qualify, you need to owe several thousand pounds to more than one creditor. You also need to demonstrate that you have some disposable income each month.

IVAs are unavailable in Scotland, but there is a Trust Deed. A Trust Deed works in the same way as an IVA – you pay an agreed sum for several years, your creditors can’t contact you, and any outstanding debt at the end of your term is written off.

Debt Relief Order (DRO)

If you have debts but little income and no valuable assets, you may qualify for a DRO.

Once your DRO application has been accepted, your creditors must freeze any interest on your debts and they can’t contact you for 12 months. You don’t make any payments towards your debts either.

After a year, your finances are reassessed and if you are no better off your remaining debts can be written off.

Bankruptcy or Sequestration

Bankruptcy or sequestration in Scotland is often the final step for some people.

While it does have a negative association, it may be your only way to clear your debts and get a financial head start.

If you have few assets and live in Scotland, you could apply for a minimal asset process bankruptcy (MAP) instead. This is a cheaper, quicker, and more straightforward process than sequestration.

How a debt solution could help

Some debt solutions can:

  1. Stop nasty calls from creditors
  2. Freeze interest and charges
  3. 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

Ignoring Debt Letters from Moriarty Law

We always recommend responding to debt collectors – even just to question the debt’s validity.

Remember, you have the right to request proof of the debt. They have to prove it or they can’t charge you.

It can be highly stressful to deal with debtors, but it’s more stressful to ignore letters. If the debt is legitimate, you owe it, and Moriarty Law has the right to chase you for it.

You can ask them to stop calling you though, and ask them to contact you via another method, such as email or letter.

What Rights do Moriarty Law Have?

Moriarty Law are debt collectors. This means that they have either bought your debt from your creditor or your creditor is paying them to chase you and can now get you to pay it.

If you don’t pay the debt, and Moriarty Law can prove that you owe it, they are allowed to take legal action against you. This is usually a County Court Judgement CCJ).

» TAKE ACTION NOW: Fill out the short debt form

CCJs are an order from the court that you have to pay the debt. You will usually be given a payment plan for a set timescale that you have to stick to.

If you don’t, Moriarty Law can get the judgement enforced and use bailiffs to recover the debt.

This means that bailiffs will enter your home and take goods. Your goods are then sold at auction and the proceeds will go towards paying off your debt.

Can You Lose Your House Because of Moriarty Law Limited Debt?

It’s highly unlikely that you’ll lose your home because it’s a very complicated process.

You can also take action at every step to prevent this from happening.

Moriarty Law mostly deals with unsecured debts. Unsecured debts refer to debts not secured against any valuable asset. Thus, with those kinds of debts, you’re not in danger of losing any valuable asset, such as your home.

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.

Get started

Reviews shown are for The Debt Advice Service.

Can You Complain About Moriarty Law?

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.

Moriarty Law is regulated by both the Financial Conduct Authority (FCA) and the Solicitors Regulation Authority (SRA). This means that they have to stick to both the FCA and SRA guidelines.

If you think that any of these rules have been broken, you should first complain to Moriarty Law directly.

This will give them the opportunity to sort out your problem by themselves, per the Moriarty Law complaints process.

If you feel that they have not dealt with your issue appropriately, you can escalate your complaint to the SRA or the Financial Ombudsman Service (FOS). If your complaint is upheld, Moriarty Law may be fined and you could be due some compensation.

Moriarty Law Debt Collection Contact Details

Phone: 0203 126 4544
Monday to Thursday – 9am – 5:30pm, Friday 9am – 5pm and Saturday 9am – 1pm
Mail: Moriarty Law Debt Collection 20 Old Bailey, London EC4M 7AN
Website: https://moriartylaw.co.uk/
Email: [email protected]

FAQs on Dealing with Debt from Moriarty Law

There is no doubt that receiving a letter from Moriarty Law chasing you for debt can be stressful, and there may be all sorts of questions you have about dealing with this debt, as well as your general financial situation.

These are some of the most common questions being asked, and hopefully some useful answers.

Who do Moriarty law collect for?
Moriarty law collects for multiple clients such as loan providers and many more.
Can a Debt Collection Agency Enter My Premises?
Debt collection agents cannot enter your property. The job of a debt collection agency is to collect debts owed from another company, such as an energy supplier or mobile phone company. The debt collection agency would need to take you to court, before they could take any further actual. If they try to force entry to your property, they are breaking the law, and you must contact the police in this case.
How Do I Complain About Moriarty Law?
If you have any complain about Moriarty Law, you should contact them in the first instance. If they fail to respond or take notice of your complaint, you can contact the Financial Conduct Authority to make your complaint, and they will investigate it.
Can the Debt Management Company Force Court Action, even if I Agree to a Repayment Plan?
Most debt management plans are informal, which means it is not legally binding. A debt management company could take you to court, however, realistically, they’d rather not go down this route. Most debt management companies will accept your offer, although they may ask you to send in proof of your earnings. It is not really within anyone’s interest to take it to court, if you’re willing to pay it back and making efforts to stick to a repayment plan.
What if I Can’t Stick to my Repayment Plan with Moriarty Law?
Circumstances can change all the time. You may have a period where you are out of work, your hours are cut or another reason why you can’t stick to the repayment plan you agreed with Moriarty Law. In this case, it is important to let them know well in advance. They may be able to reduce the payment for you, give you a month off or come to another arrangement. Although you may feel nervous about discussing this, it is important to do so, as they can’t help you if they don’t know your circumstances have changed. Honesty is always the best policy!
Will My Debt with Moriarty Law Affect My Credit Rating?
If you have failed to make payments to a company who have supplied you with a service, this is likely to affect your credit rating. However, if you start to make payments to the account, you can get your credit file back into order quickly.
How Can I Improve My Credit Rating?
If your credit rating is less than perfect, you need to start setting up repayment plans, including one to Moriarty Law if you owe to them. The more you pay off, the better your credit rating will be. Other steps include, registering on the electoral register and refraining from applying for any further credit.
How Do I Negotiate a Repayment Plan?
It is always better to pay off the full balance of your debt, if you can afford it. If not, you should set up a repayment plan. The creditor may accept your first offer of payment, but in many cases, they will ask to see details of your affordability. This is usually the case if they consider the monthly payment to be too low.
What is a Full and Final Settlement Offer?
When you discuss your debt with Moriarty Law, you may want to suggest paying a lump-sum, which is less than the full balance. This is a ‘full and final settlement offer’ and will involve you paying less but having the rest of the debt wiped off. This is a good way to clear your debt, even if you can’t afford to make a full payment.
How Should I Contact Moriarty Law?
It is a good idea to contact Moriarty Law by letter or email, rather than by telephone. If you contact them by letter, make sure you keep a copy of any correspondence, as you may need this in future. If you contact them by telephone, there is no proof of contact. There is no valid reason why Moriarty Law should not accept this form of contact.
My Offer Has Been Rejected, What Should I Do?
If your offer has been rejected, have a look at your incomings and outgoings, and work out what you can realistically afford to pay them back. Any creditor should accept an offer, if it’s a realistic offer. If you can start making the payment straight away, this will also give you a better chance of getting your offer accepted.
Could you legally write off some debt?

Answer below to get started.

How much debt do you have?

This isn’t a full fact find, MoneyNerd doesn’t give advice. We work with The Debt Advice Service who provide information about your options.

References

  1. Indebted Debt Collection Survey

CONC 7.3 Treatment of customers in default or arrears (including repossessions): lenders, owners and debt collectors

CONC 7.9 Contact with customers

The authors
Scott Nelson Profile Picture
Author
MoneyNerd’s founder, Scott Nelson, has a decade of financial industry experience, including 6 years in FCA regulated loan and credit card companies. Troubled by a lack of conscience in the industry, he founded MoneyNerd to give genuine advice to those in debt and struggling financially.
Janine Marsh Profile Picture
Debt Expert
Janine Marsh is an award-winning presenter and a valuable member of the MoneyNerd team. With a wealth of experience as a financial expert, she's been featured on BBC Radio 4, BBC Local Radio, and BBC Five Live, and is a regular on Co-op Radio.