Debt Collectors ~ Debt Managements and Consolidation

Written by Lizzy on Thursday 17 February 2011

From my past experience, working very closely with clients, a lot of people get very confused by debt collectors and often confuse them with bailiffs.

A debt collector is NOT A BAILIFF. A debt collector will either buy a debt from a creditor or they will be assigned by the creditor to simply collect the debt on their behalf. A lot of bigger creditors will have their own ?in-house? collecting agents.

The difference between buying a debt and collecting the debt is that those collecting on behalf of a creditor have no legal rights over the debt and therefore cannot pursue you with legal action without the authority of the original creditor.

A Debt Collector is in no way a bailiff and therefore they have no rights whatsoever to enter your home. Some debt collectors will send notices through your door to say that they will be visiting, and people often panic when they receive these. What you need to remember is that they have no powers to force entry into your home or seize goods or demand money from you.

If a debt collector either calls you or visits you at home then you treat them as you would any other creditor. As long as you are maintaining some sort of payment to them, then you needn?t worry. Sometimes debt collectors can be demanding, but you just need to remember to stand your ground and only pay them what you can afford.

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