Debt Reduction Services
When it comes to debt, unless you’re 100% satisfied that a person can provide evidence to prove that you do in fact owe them exactly what they are claiming you owe, you should not pay a penny.
This may seem obvious when it’s an individual asking you for money, but many consumers don’t realise that they have the same rights when it comes to banks, debt collectors and other financial institutions. Getting the correct legal advice and establishing exactly what your creditors can prove you owe is the first step to quick and effective debt reduction.
How does it work?
Researching different types of debt solutions can be a stressful and confusing experience. However, before committing to anything, it’s vitally important to understand that you have clear rights when it comes to clarifying what it’s claimed that you owe:
- Any company that claims you owe them money is asserting legal rights against you.
- You have legal rights. You have a right to defend yourself against any claim.
- The company which claims you owe them money also has legal responsibilities.
Just because you have been paying a company does not mean that you have ‘admitted’ to anything, including the amount they say you owe. Similarly, just because you remember entering into an agreement or purchasing goods using borrowed money, this does not mean the creditor or company can prove you owe them anything.
CLB Direct will represent you and ask these companies to prove (as they would have to prove to a court) what they claim is due. In the vast majority of instances (over 95%), these companies have not been able to prove anything is owed by our clients.
Using this approach, we have saved our clients over £2 million.
What is my Right Not to Pay?
Debt collection companies and creditors have a number of tactics designed to make you pay what they think you owe them. These ‘collection activities’ often include demanding, and sometimes threatening, letters, calls, visits to your house, default notices and threats to take you to court.
Although there are strict rules about how often a company can contact you, all of these tactics can add immensely to the pressure of being in debt. When you’re looking to reduce debt, often the easiest thing to do to put an end to this contact is to agree to a repayment plan.
However, this is what creditors and collection companies are banking on you doing and explains why they will continue to harass you until you pay. Ultimately though, these companies have no power to make you pay them. The only person who can make you pay anything is a judge. That will only happen if the ‘creditor’ (referred to in a court as ‘the claimant’) takes you to court and wins.
Using consumer protection legislation, CLB can stop that happening. This means there is nothing the claimant can do to make you pay and, in fact, you have a legal right not to pay.
Will I have to speak to the creditor companies?
Once we get involved, all debt collection companies have a responsibility to co-operate in this process and with the third-party working on your behalf. You will not need to speak with them as they should not contact you directly – there are laws that make this very clear. While it’s still possible that one or more of the companies will try to contact you in an attempt to get you to pay, this is not legal.
We understand the stress and anxiety which can be caused by these activities, and if they should contact you directly we will PUT A STOP TO IT!
We fully appreciate the huge emotional burden of debt and how it impacts severely on all aspects of your life. In addition to the ‘hard’ financial results we deliver, we take these ‘softer’ and more emotional aspects of our work extremely seriously. Our highly trained support team are on hand to ensure that you are fully guided and supported on your debt reduction journey to greater financial freedom every step of the way.