What To Do If You Get A Nasty Letter or Phone Call From:
SRJ Debt Recoveries Ltd
If you are currently having problems with debt collectors, or if you suspect them of using illicit or unfair tactics, then please contact the BBC in complete confidence at the following email address:
(United Kingdom enquiries only, please)
Debt Recoveries Ltd 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 SRJ Debt
Recoveries), 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.
So the first thing
you must do if SRJ Debt Recoveries 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.
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
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). To apply
for a logbook loan click here.
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.
Registry. Consumer Credit Licence number 633327.
Name: SRJ Debt
Also Known As: SRJ Debt Collectors Ltd, SRJ Debt Recoveries Woking, SRJ
Address: 16 Boundary Business Centre, Boundary Way, Woking GU21 5DH
Telephone: 0845 3137351
Fax: 0845 8396325
Email: department @srjdebt.com
Extra Data: In the 'Litigation Services' section of their website they
mention their close link with Bryan Carter & Co (q.v., the
'letterheads for hire' lawyers), which about says it all.
SRJ Debt Recoveries Ltd and
the Truth About Your Debt
Get a free QuickCreditScore
check by applying
SRJ Debt Recoveries
Limited is a debt collecting agency which has bought a debt account
from the original creditor (or in some cases an intermediary or third
party) for around a tenth or less of the original value of the debt
and is brazenly trying to get the full value of the original loan from
SRJ Debt Recoveries
Ltd will use
all sorts of methods to get you to set up a direct debit or standing
order in order to profit from people's ignorance of the law. You may
have already experienced bad dealings with them. They may phone you
at strange times and do so several times a day. They may be sending
you official-appearing nastily worded letters threatening that they
will come round to collect the money in full or that they will take
you to court. Other tactics may involve saying that they will make a
charging order on your home or in some way bring about your destitution.
So ask SRJ Debt Recoveries Ltd
for a copy of the original contract when you took out your loan or credit
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.
Data On SRJ Debt Recoveries Ltd
you have any information that you would like honest people to know
about SRJ Debt Recoveries Ltd then send us an email in complete confidence and
we will try to corroborate it with the clowns involved.
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a look at the Insolvency Service's leaflet called 'In Debt', downloadable
of Debt Collectors
Please note that independent advice is available on debt, debt collecting and debt purchasing.
SRJ Debt Recoveries Ltd website is part of DPC Registry website group.
All rights reserved. Complaints Against SRJ Debt Recoveries debt collectors.