PO Box 1130 Peterborough, PE1 9NA Debt Letter – Who Is It?

Have you received a letter from PO Box 1130? This address is commonly used by Pride Debt, a debt collection agency.

Don’t worry; you’ve come to the right place to learn how to deal with them. Every month, over 170,000 people visit our site for advice on debt issues.

In this article, we’ll explain:

• What to do if Pride Debt says you owe them money.
• Whether you need to pay the money.
• If you can ignore mail from PO Box 1130.
• Your rights with debt collectors.
• How to complain about Pride Debt.

We understand how confusing and scary it can be to get a debt collection letter. After all, nearly half of the people who are chased by debt collection agencies have experienced harassment or aggression.¹

Some of our team members have been there too. With our experience, we’ll help you understand your options.

Let’s get started!

Received a Letter from PO Box 1130? Here’s What to Do

If you receive a letter from PO Box 1130 Peterborough, PE1 9NA, chances are it’s from Pride Debt, a debt collection agency that works on behalf of other clients.

From what we’ve seen, it’s quite common for agencies like Pride Debt to handle debts originating from different creditors. They often buy these debts at rock bottom prices – at an average of 10p to £1! ²

This drive for profit makes them incredibly persistent in their pursuit. You can expect multiple letters and calls pushing you to pay up.

But should you pay the debt? Well, it depends.

» TAKE ACTION NOW: Fill out the short debt form

If you’re uncertain about the debt’s validity, it’s well within your rights to request proof of the debt.

Pride Debt or the creditor will need to verify that the debt you are being chased for is actually yours.

We understand that this might sound overwhelming. But, we’ve put together this free template for you to easily draft a ‘prove it’ letter, ready to be sent.

If they can’t prove the debt, you’re not obligated to pay.

It’s also important to keep in mind that if your debt has been around for more than six years, and you haven’t made any payments or been in touch with the creditor during that time, it might be considered ‘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.

But this protection only applies if the creditor hasn’t contacted you or gotten a County Court Judgment against you during that period.

Keep in mind that not all debts become statute-barred! For example, any HMRC debts will remain enforceable for decades

Your Rights With Debt Collectors

People often tell us that debt collection agencies attempt to intimidate them into paying. While it’s common for them to be persistent, it’s crucial for you to understand that they are not allowed to harass you.

We’ve put together this table to help you better understand your rights when dealing with debt collectors.

Can’t Pay the Debt?

If Pride Debt or the original creditor proves the debt, you’ll need to make arrangements to pay it off.

If paying off the entire debt upfront isn’t possible, don’t worry. Many people find themselves in similar situations, and some of us have even been there too.

Luckily, there are options available to help you manage your payments without feeling overwhelmed.

We recommend negotiating a repayment plan with Pride Debt or the creditor. They’re often willing to work with you to set up manageable instalment payments.

Another option to consider is a debt management plan. These plans offer a structured approach to handling your debts, making it easier to manage multiple payments.

These are some debt solutions that can help you:

• Debt Management Plan (DMP): Agreement to pay back non-priority debts in one monthly payment.
• Individual Voluntary Arrangement (IVA): Agreement to pay back all or part of your debts over a set period.
• Debt Relief Order (DRO): Freezes debt for a year and be potentially written off.

There are other debt solutions available, so we suggest contacting a debt charity for some free advice. Their advisors will be able to look at your situation in detail and give you a plan moving forward.

Never feel pressured to pay your creditors even a penny more than you can afford.

Should You Ignore Pride Debt?

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

Ignoring the letters from PO Box 11300 won’t make the debt disappear. In fact, it could lead to serious consequences.

You see, the original lender or debt collector agency could take legal action against you, potentially resulting in a CCJ (County Court Judgment).³

From what we’ve seen, a CCJ can affect your credit rating and make it difficult for you to borrow money in the future.

How Do You Complain About Pride Debt?

If you’ve been harassed by Pride Debt or you believe they’ve broken any of the Financial Conduct Authority’s (FCA) guideline, you can make a complaint.

We recommend making your first complaint to Pride Debt to give them the opportunity to address the issue internally.

But, 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).

References

1. Indebted Debt Collection Survey
2. Jubilee Debt Campaign
3. Citizens Advice – CCJ