Tessera Credit 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 Tessera Credit 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 Tessera Credit 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 for the guide on how to get a refund.
Who are Tessera Credit Services Ltd?
Tessera used to be a debt collecting company in the UK. However, the company is no longer collecting money on behalf of the clients and all payments received will be forwarded to the respective clients.
Did You Know?
Since the new GDPR law came into effect you can now check your credit score for free!
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Knowing your credit score is the first step to not having to worry about money.
Alternatives to Tessera Credit Services Ltd
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.
So apply for a debt management plan using the form below.
Tessera Credit Services Ltd Contact Details
Name: Tessera Credit Services Ltd
Also Known As: Tessera Debt Collectors, Tessera Southend, Tessera Ltd, Tessera Credit Ltd Southend, etc.
Address: 5th Floor Maitland House, Warrior Square, Southend on Sea SS1 2JS
Telephone: 01702 444777
Fax: 01702 447781
Email: person @tessera.co.uk
Extra Data: At the time of writing, Leigh Berkley, Chair of the DBSG, was Chief Executive of Tessera. So much for self-regulation!
Tessera Credit Services Ltd and the Truth About Your Debt
Tessera Credit Services Ltd is a debt purchasing company which has bought the delinquent account from the original creditor, often a bank (or in some cases another debt collecting agency) for a small percentage of the original value of the account and is brazenly trying to get the full sum of the original debt from you.
Tessera Credit Services Limited will use all sorts of methods to get you to set up a direct debit or standing order so that they can profit from your misery. You may already have experienced bad dealings with them on the phone. They may call you on the phone when they know it is inconvenient or even embarrassing for you and do this lots of times. They may send you official appearing nastily worded letters or cards threatening that they will come round to collect the amount in full or that they will take you to court. Other tactics may include saying that they will make a charging order on your property or in some way bring about your homelessness or destitution.
So ask Tessera Credit 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 Tessera Credit Services Ltd
Also associated with ROCKWELL DEBT COLLECTION AGENCY, BTMK SOLICITORS, PACE FORWARD and FENTON COOPER. These may even be trading styles of Tessera Credit Services (source: Consumeractiongroup.co.uk)
If you have any information that you would like honest people to know about Tessera Credit Services Ltd then send us an email in complete confidence and we will try to corroborate it with the clowns involved.