TBI Financial Services Ltd Debt Collectors is a debt purchasing company or debt collecting company 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 TBI Financial Services), 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 TBI Financial Services Ltd are 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.
First, check your credit score for free [takes 1 minute]
Get your credit score (for free) so you can check to see if there is anything negative that you can ask to be reversed. I recommend Experian’s free credit report as this is what most lenders use. It takes 1 minute. Do this now.
Not available for everyone, but ideal if you’re eligible [1 minute]
You can write off 75% of your debt with this government solution. You only qualify if your debts are over £1,700 and you owe more than one company. If you meet these criteria, then take 1 minute and check to see if you qualify on the Debt Information Service website.
Who are TBI Financial Services Ltd?
TBI is registered in the UK and manages various debt portfolios for credit card companies, UK banks and finance companies. The company also assists with debt collecting, and has been trading since 2014.
These are your options
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).
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.
TBI Financial Services Ltd Contact Details
Name: TBI Financial Services Ltd
Also Known As: TBI Ltd, TBI Limited, TBI Debt Collectors, TBI Reading, TBI Financial Ltd Reading, etc.
Address: 1st Floor The Robert Cort Building, Elgar Road South, Reading RG2 0DL
Telephone: 0118 9313800
Fax: 0118 9752296
Email: firstname.lastname@example.org is the email address given in DBSG. They use an AOL account: how’s that for a great corporate image!!!
Extra Data: There doesn’t appear to be any information on the operations of this lot, though they are mentioned in the consumer forums as being debt collectors for HFC (GM) credit cards.
TBI Financial Services Ltd and the Truth About Your Debt
TBI Financial Services Limited is a debt collecting company which has purchased a debt account from the original creditor (or in some cases another debt collector) for a small percentage of the original value of the account and is trying to get the full sum of the original debt from you.
TBI Financial Services Ltd will use all sorts of methods to get you to set up a direct debit or standing order so that they can make a quick profit. You may already have had bad dealings with them. They may call you on the phone at odd times and do so unacceptably often. They may write you official-looking nastily worded letters threatening that they will come round and collect the full amount or take you to court for the full amount. Other strategies may involve saying that they will make a charging order on your home or in some way cause you and your family great personal suffering.
So ask TBI Financial Services Ltd for a copy of the original contract when you took out your loan or credit card.
To find out if you qualify for an IVA or can benefit from a debt management programme, try the IVA Test. It’s free to apply, and again you are protected by the consumer laws regarding debt management at all stages. Click here to go to the application form.
More Data On TBI Financial Services Ltd
If you have any information that you would like honest people to know about TBI Financial Services Ltd then send us an email in complete confidence and we will try to corroborate it with the clowns involved.