Do you owe money to Debt Managers Ltd?
If you have debts of over £5000, you may be able to write off your debt with an IVA
Who are Debt Managers?
Debt Managers Ltd. are a Debt Collection company with a company number of 08092808. Their full company name is Debt Managers (Services) Ltd. They’re registered by the FCA in the UK.
If you have received a letter of a card from them, contact us immediately for independent, confidential and free debt advice. We will explore all of your options, with the aim of stopping this debt collector from being able to take any further action. But you must act now! Our advice is 100% free, we aim to help you as quickly and efficiently as possible.
Important: Do not let Debt Managers Ltd into your home, no matter what they tell you. Contact us immediately and we will try to deal with them on your behalf.
So let’s find out more about Debt Managers and how they work …
Will Debt Managers come to my house to collect debts?
Debt Managers Ltd. may have appointed field agents to make home visits to discuss the alleged debt. These visits can be very distressing not only for the person who is the named debtor, but for the entire family. These methods can have a detrimental effect to your mental and physical health, and to the people around you.
These are all very common tactics which Debt Managers Ltd. use to get in touch with the people who owe them money. Without appointing a debt company to represent you, this may continue.
As a long-established independent debt website, we have a vast experience of dealing with creditors such as Debt Managers Ltd.. We understand the tactics that they use, and we can work with you to get them to stop.
How will Debt Managers chase me if I don’t pay?
Creditors such as Debt Managers Ltd. use computer systems (often known as customer relationship management systems) to keep on top of their debtors. They often follow a debt process which will make them the most profit. These methods are often seen as aggressive and you may have seen documentaries and news articles criticising the heavy-handed nature of debt collectors and bailiffs. Although the Government have come some way to reduce their powers, the main tactic continues: intimidation.
The first point of contact which Debt Managers Ltd. may use will be an introductory phone call and letter. This is to set out their pre-action protocol. You will usually receive (in writing) a letter explaining the total amount of debt owed, any charges/penalties which may have been accrued and a tight deadline for you to repay the debt in full. The letter will usually mention what steps will happen if you do not pay the debt in full. These steps are usually:
- A home visit
- A county court judgement (CCJ), issued by Debt Managers Ltd. if you fail to repay the debt within this tight deadline
- A threat of bankruptcy (usually if the debt is over £750)
Letters like this are very standard with every credit provider and not just Debt Managers Ltd.. It is important to not take these letters personally. There is help at hand, but you should act quickly.
If you have been contacted by Debt Managers Ltd., contact us immediately and we will try to deal with them on your behalf.