Thomas Higgins Bailiffs Debt – Should You Pay Back 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.
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 dealing with Thomas Higgins Bailiffs about a debt? You’ve come to the right place for answers.
Every month, over 170,000 people come to our website for advice on dealing with debts. We understand that it can be scary when bailiffs like Thomas Higgins are involved. You might worry about them coming to your home or taking your things, but we’re here to help.
In this article, we will explain:
- How to check if the debt is really yours.
- Who Thomas Higgins are and why they might be calling you.
- How to stop them from contacting you.
- What to do if they visit your home or take your goods.
- Different ways you can deal with the debt, including payment plans and how to legally write off some of it.
Our team has experience with debt collectors, so we know what you’re going through. We are here to give you the information and help you need.
Let’s start dealing with your Thomas Higgins debt together.
Why Do They Keep Calling?
» TAKE ACTION NOW: Fill out the short debt form
How to Stop Contact from Thomas Higgins
Preparing for a visit from Thomas Higgins?
Thomas Higgins Have Entered My Property and Taken My Goods – What Now?
How a debt solution could help
Some debt solutions can:
- Stop nasty calls from creditors
- Freeze interest and charges
- 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.
Other options for dealing with Thomas Higgins
If you have received evidence that the debt is yours and enforceable, you will need to pay it. But what if you can’t afford to? You might need to consider a debt solution.
There are several different debt solutions available in the UK, so I recommend speaking to a debt charity as soon as possible. Their advisors will be able to look at your finances in detail and help you work out which debt solution will work best for you.
I have linked a few charities that offer these advisory services for free below.
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.
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.
Reviews shown are for The Debt Advice Service.
How do I make a complaint against Thomas Higgins Bailiffs?
If you think that Thoams Higgins 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.
Make your first complaint to Thomas Higgins 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, Thomas Higgins may be fined. You could even be owed compensation.
Thomas Higgins Ltd Contact Details
What is the Debt Breathing Space Scheme?
You might be worried about further debt letters from Thomas Higgins while you try to find a solution. It might be time to look into the Debt Respite Scheme (Breathing Space) from the government.
The Breathing Space scheme gives you a moment to get some advice or even start a debt solution. It started in May 2021 and gives you 60 days of no added fees, added interest, or enforcement action once you have passed the eligibility checks.
There are two types of breathing space that you can apply for:
- A standard breathing space: available for anyone with debt problems. It lasts for 60 days.
- A mental health crisis breathing space: available to those who are receiving mental health crisis treatment. It lasts for however long treatment takes, plus 30 days.
This scheme is not available in Scotland. Instead, you will need to apply for a Statutory Moratorium.
FAQs
Unsecured debts (which constitute the majority of debts handled by Thomas Higgins) are not secured against an asset, but if you fall significantly behind on your payments, Thomas Higgins Limited may seek to have the debt secured against your home.
This is accomplished through the use of a Charging Order, but only if Thomas Higgins Partnership is also successful in obtaining a County Court Judgment against you.