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Stevensdrake Solicitors Debt Letter – Ignore or Pay?

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Scott
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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
· Feb 6th, 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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stevensdrake solicitors debt

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.

Are you puzzled after receiving a debt letter from Stevensdrake Solicitors? You’re not alone! Over 170,000 people come to our website each month seeking advice on debt manners.

In this article, we’ll cover:

  •  How to check if the debt is really yours.
  •  What to do if you can’t afford to pay.
  •  How to respond to the debt letter.
  •  Ways to deal with debt collectors.
  •  How long before a debt becomes unenforceable.

We know how troubling it can be to get a debt letter. Our team includes people who have been in your shoes.  

With our help, you can understand your options and make an informed choice. Let’s get started!

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.

Why did I get a Letter from Collections?

If you get a letter from Stevensdrake Solicitors Collections, then a company to who you owe money has paid Stevensdrake to try and get the money back for them. This usually happens after multiple missed payments, so this might help you guess who they might be.

Missing multiple payments means that people are struggling to keep up with their bills, and looking into the different ways to approach this can be a help to some people.

How do you Respond to a Debt Letter?

Dealing with a debt collector’s letter comes down to personal choice. Remember, a debt collector needs to operate within the law. This means that they are not allowed to forcibly enter your property or make you pay more than you can afford.

Get back to them as soon as possible to get as much information from them as you can. This might help you make a better decision, and make it less likely for them to escalate the debt to court as quickly. 

The longer you ignore them, the fewer options they have to get a response out of you.

» TAKE ACTION NOW: Fill out the short debt form

What is a Prove the Debt Letter?

If you have received one of these from Stevensdrake Solicitors, then it is to tell you some information. It is their proof to show you that they say you owe them money. The details inside will include the details around how much you owe. Where did the debt originally come from? The amount they want you to pay them, and in how many instalments.

You can choose to use a template that will help you to come back to their letter. Some people try to see if they can reduce what they are being asked to pay. You can also look at other options on Citizens Advice too.

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

Should I Pay a Collection Letter?

Whether or not you should pay depends on your personal situation, there is not a ‘Yes’ or ‘No’ answer. On the one hand, if you hold off on doing anything for too long, your credit rating will go down. Also, paying after multiple years of no activity can cause potential damage to your credit score too. 

Interest may also be added as time moves forward with no activity. You might be interested in learning about what happens to your income if you choose bankruptcy as a possible solution to your debts.

Whatever you choose to do, always get professional advice before making a final decision.

How to Deal with Debt Collectors

Dealing with debt collectors can vary, based on your situation. Watch our video explaining more about how you might want to go about doing this.

What Happens if I Ignore a Debt Collection Letter?

If you ignore a letter from Stevensdrake Solicitors, it might make things worse more quickly. They can only make you pay if they win a case against you in court. If they don’t hear anything from you, they aren’t left with any other option.

This might not happen for smaller debts and might happen for larger debts. But, you can’t know for sure what they will choose to do in your individual situation. 

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.

How Long before a Debt is Unenforceable?

Many people wonder if a debt is completely written off after 6 years. This can change depending on what type of debt it is though. For example, it is longer for debts related to mortgages. 

In general, the answer is Six Years but always look into the type of debt before deciding to hold out.

Stevensdrake Solicitors Review

There is one review, with one star from January 2020. It simply says “SRA Watchlist. Of course, these types of reviews will always be more common when people are being chased for money, but it offers more information for you to potentially look into.

Image src: https://uk.trustpilot.com/review/www.stevensdrake.com 

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.

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.