Newman and Company Ltd Debt Collectors is a debt purchasing and collecting company listed in the website of DBSG (The Debt Buyers and Sellers Group) and/or mentioned in consumer finance forms. They have a legitimate function as debt collectors, but there is some indication that some such companies (not necessarily Newman and Company), and especially the debt purchasing element, go a bit too far sometimes and can make people’s lives a misery when those same people are at their most vulnerable. We do not suggest that they are acting outside the law, but getting that letter or phone call is not exactly helpful to you right now.
Read what to do if you can’t pay back your debt.
So the first thing you must do if Newman and Company Ltd is bothering you is not to panic or despair. That’s just what they want! They’d love you to call their number and speak to their specially trained sales team for ‘advice’. But once you do that you’ll be suggestible to whatever they tell you, instead of getting independent advice. While we always say that you should keep an open dialogue with debt collectors, we would recommend that you do so in writing only. This will prevent them ‘railroading’ you into any action which is not in your best interests, as they so love talking people into doing things on the spur of the moment. Of course, they are only doing their job, but that’s hardly a consolation for you in the present situation.
See my most popular post on how to get a refund.
Who are Newman and Company Ltd Debt Collectors?
Newman was established in 1986 and the company specializes in debt collection. The company currently employs more than 70 stealth members and occupies a 5000 ft.² office space in the UK. Newman prides itself on providing a personalized collection service to its customers.
What should you do?
There are several courses that are open to you, and some will suit your own situation better than others.
A sensible option, we would suggest, is a debt management plan or even an IVA – which is designed to actually write off a large chunk of your unsecured debt. But you would need to take advice on this and look at your income and expenditure in detail. This option won’t suit everyone. There’s more on this below.
For an alternative type of loan you could apply for a ‘logbook loan’ which many people find a very handy option. It is actually a loan secured on your car, except you get to keep the car and keep the cash as well! That’s why some people find it such a good idea, as it unlocks the equity in your vehicle without taking away your means of transport (there’s no need to sell the car). To apply for a logbook loan click here.
Yet another option is a no credit-check guarantor loan. This is especially useful because your own credit rating is not looked at; you must find someone else willing to act as a guarantor for you such as a friend or family member. This is an ideal solution if you’re at the stage where your credit profile has been downgraded by recent events, etc. So click the following link for Unsecured Loans that don’t need you to be credit checked.
If you wanted to try a debt management plan, then we provide a whole-of-market service, with a number of debt management experts on our panel. So whatever your circumstances, your application will find the plan for you, meaning the optimum outcome for your situation. It also means there are no minimum requirements for debt levels or income.
Newman and Company Ltd Contact Details
Name: Newman and Company Ltd
Also Known As: Newman and Company, Newman & Co Debt Collectors, Newman and Company Debt Collection.
Address: Newman and Company Ltd, Limewood House, Limewood Way, LEEDS LS14 1AB
Telephone: 0113 306 0690
Fax: 0113 306 0691
Website: www.newman-dca.com (complete with irritating yet pointless flash intro)
Extra Data: See below.
Newman and Company Debt Collectors and the Truth About Your Debt
There are a few things you can do to ensure that things are as difficult for them as possible with the various tactics of Newman and Company Ltd. You can bar their phone number permanently, or you could go the other way and record their phone conversations, you can write to them telling them not to call round at your home or any combination of these things (all these template letters can be freely downloaded from the web site).
So ask Newman and Company Ltd for a copy of the original contract when you took out your loan or credit card.
More Data On Newman and Company Ltd
If you have any information that you would like honest people to know about Newman and Company Debt Collectors then send us an email in complete confidence and we will try to corroborate it with the clowns involved.