PDCS Pastdue Credit Solutions 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.
Table of Contents
- Why are you being contacted by Past Due Credit Solutions (PDCS) Debt Collectors? Jump
- Check if you really owe the money Jump
- Can pay but won’t pay? Jump
- How do I pay? Jump
- How debt collectors can ruin your life… Jump
- What if I Can't Afford to Pay Pastdue Credit? Jump
- How Do I Complain About Pastdue Credit? Jump
- How do I Contact Past Due Credit Solutions (PDCS) Contact Details: Jump
- FAQs Jump
- References Jump
If you’ve received an unexpected letter from PDCS Pastdue Credit Solutions, it’s normal to be confused and worried. It’s important to know what to do next.
Luckily, you’ve come to the right place. Every month, over 170,000 people visit our website for help with debt solutions.
In this article, we’ll guide you on:
- How to find out if the debt is really yours.
- Why PDCS is contacting you.
- What to do if you can’t afford to pay.
- Your rights under the law.
- Ways to ask for help with your debt.
Some of us have also dealt with debt collectors. We know it can be scary. But don’t worry; we’re here to help you understand your options and find a way forward.
Let’s take a closer look at PDCS Pastdue Credit Solutions and what you can do if they claim you owe them money.
Why are you being contacted by Past Due Credit Solutions (PDCS) Debt Collectors?
Check if you really owe the money
You also need to check that the debt is not statute-barred.
If it has been 6 years – or 5 years in Scotland – since you last paid towards your unsecured debts and you have not written to your creditor about your debt during this time, it is statute-barred.
This means that the debt is not enforceable. It still technically exists, and you still technically owe the money, but there is no legal way for you to be forced to pay or for the debt to be enforced.
Keep in mind that not all debts become statute-barred!
Any HMRC debts, for example, will stay enforceable for decades. Any debt that had a County Court Judgement (CCJ) attached to it during the 5 or 6-year window will be enforceable for a while.
Can pay but won’t pay?
Paying in one go will get PDCS off your back the quickest. If you can’t pay off your debt in one go, you can pay with a payment plan.
If you are unable to keep to a repayment plan, you could benefit from a debt solution. I will go through your options for debt relief later in this article. You may also need to get some financial advice fro PDCS debt. I have listed some charities that give advice for free at the bottom of this page.
How do I pay?
Could you write off some Past Due Credit Solutions Debt?
- Affordable repayments
- Reduce Pressure from people you owe
- One simple monthly payment
How debt collectors can ruin your life…
What if I Can’t Afford to Pay Pastdue Credit?
If you owe money to Pastdue Credit or other debt collectors but you are struggling to pay, you may benefit from a debt solution.
There are several debt solutions available in the UK so I recommend speaking to a debt charity. Their advisers will be able to walk you through your options and help find the best debt solution for you.
I have linked some charities and other organisations that offer these debt counselling services for free at the bottom of this page.
Debt Management Plan (DMP)
A DMP is an informal debt solution that lets you pay off your debts via a single monthly payment.
Because it is informal, it is not legally binding so you are not tied into a DMP for a minimum number of payments.
Individual Voluntary Arrangement (IVA)
An IVA is a formal agreement between you and your creditors. You agree to pay a monthly sum that is distributed amongst your debts, and your creditors agree not to contact you during your IVA.
IVAs typically last for 5 or 6 years, and any outstanding debt is wiped off when it ends.
Keep in mind that IVAs are not suitable for everyone. You need to owe several thousand pounds to more than one creditor to be eligible. You also need to demonstrate that you have some disposable income every month.
Trust Deed
IVAs are not available in Scotland. Instead, you will need to opt for a Trust Deed.
Trust Deeds work in the same way as an IVA – you pay an agreed sum each month that is shared amongst your creditors, they can’t contact you, and any leftover debt at the end of your Trust Deed term is written off.
Debt Relief Order (DRO)
A DRO is a good option for those facing financial hardship with no assets and little income.
For 12 months, you make no payments, but your creditors freeze your interest and don’t contact you.
If your finances haven’t improved during this year, you may be able to write off your unsecured debts.
Bankruptcy
If you have debts but no realistic possibility of ever paying them off, you may need to declare bankruptcy.
Bankruptcy has an unfair stigma attached to it as it may be your only way of getting a financial fresh start. That said, it is a serious financial situation that should not be taken lightly.
Sequestration
Sequestration is the Scottish version of bankruptcy.
If you have little income and no valuable assets, you may be able to apply for a minimal asset process bankruptcy (MAP). A MAP is a quicker, cheaper, and more straightforward version of sequestration, so worth considering.
Are you struggling with unaffordable debt?
- Affordable repayments
- Reduce pressure from people you owe
- Lower monthly repayments
How Do I Complain About Pastdue Credit?
If you think that Pastdue Credit has been unreasonable or behaved inappropriately, you can make a complaint. You can also make a complaint if you feel that they have broken any of the Financial Conduct Authority’s (FCA) guidelines.
Fortunately, complaining about Pastdue Credit Solutions is quite straightforward!
Make your first complaint to Pastdue directly so that they have the chance to sort out the issue themselves. If you feel that they have not taken your complaint seriously enough or have not addressed your issue properly, you can escalate matters.
You can make any secondary complaint to the Financial Ombudsman Service (FOS). They will investigate and, if your complaint is upheld, Pastdue may be fined. You could even be owed compensation.
How do I Contact Past Due Credit Solutions (PDCS) Contact Details:
Should You Check For Other Debt Collectors?
The amount of personal debt in the UK is constantly rising. The Office for Budget Responsibility predicted that the total UK household debt would climb from £2.006 billion in 2020 to £2.354 billion in 2025.
Given this, it’s unsurprising that many people in the UK owe more than one debt.
If there’s a chance that you do have other debts, then you need to make sure they’re under control.
The first step to take is to check your bank statements, email and post for correspondence from debt collectors.
Here are a few of the biggest to keep a lookout for –