What Happens If I Don't Pay CDS Debt Collectors?

Stop Debt Collectors What Happens If I Don't Pay CDS Debt Collectors?

What if I Don’t Pay CDS Debt Collectors?

If you are being hounded by CDS debt collectors we have some good news for you. DoNotPay can help you stop unfair debt collection practices. You shouldn't be harassed by collection agencies threatening you and interrupting your life.

Here, you’ll learn more about:

  1. Your consumer rights
  2. How to protect yourself against harassment by debt collectors
  3. The DoNotPay product to end the annoying threats and intimidation tactics used by debt collectors.

What is a CDS Debt Collector?

CDS stands for Corporate Debt Solutions. They work with companies to collect corporate debts. Even though they are based in Leicester they do work all around the world.

  • CDS services are available in over 14 languages.
  • CDS has been repeatedly nominated for a variety of industry leader awards.
  • This does not mean that they are a highly reputable company but rather that they have successful tactics as to how they retrieve the money owed to their clients.
  • CDS does not work with consumers because they deal directly with corporate debt.

CDS Debt Collectors’ Harassment & Intimidation Tactics

When a person cannot pay back a debt within the time frame that a company has set, the company can then hire debt collectors to retrieve the money. Unfortunately, debt collectors usually resort to unfair and in some cases aggressive or illegal practices. You don’t need to pay CDS debt collectors if they behave badly.

Ask yourself these questions:

  • Are you annoyed by phone calls at your home or work daily?
  • Are debt collectors coming to your home or property?
  • Have they been stalking you on social media to contact you about your debt?
  • Are they threatening you with ongoing and expensive legal battles if you do not pay them?
  • Are they telling you that if you don't pay the law will view you as a criminal and you may face jail time?

CDS Are Known as Relentless Debt Collectors

Debt collectors are notorious for relentlessly calling people and threatening them in order to collect money on their client's behalf. In some cases, debt collectors will not tell you what the debt is that you owe or how to make a payment plan. Many of them will expect you to pay them whatever amount they believe you owe on the spot. 

  1. Debt collectors buy debt from the companies that held your original debt.
  2. If a company is not recovering the debt that you owe, it will go to a debt collection agency.
  3. The debt collector will then buy the debt, add extra service fees and interest, then go after the person who owes the debt.
  4. Debt collectors do not care why you owe them money or what it was for.
  5. Debt collectors make their money by collecting money from you.

Don’t Pay CDS Debt Collectors if the Debt Isn’t Yours

If you are not sure why CDS debt collectors are contacting you, or if you do not recognize the original company that they claim to represent, you have the right to challenge the debt. 

You can request that they send you a copy of the original debt that you owe. 

This should provide all of the information you need to assess whether or not this debt is truly yours.

  • If the agency cannot provide this information or if they refuse to send you this information you are not under any obligation to repay the debt.
  •  Remember, that the amount that you owe will probably be different as the creditors will add other charges to it. That is how they make their money.
  • If you do owe the debt it is better just to pay it off.
  •  If you cannot pay it all at one time you can set up a payment plan that works for you.

Harassment and Your Mental Health 

No one wants to be harassed. When a debt collection agency is contacting you repeatedly every day and trying to pressure you into paying the debt it can affect your mental health. Continuous bullying and intimidation tactics may lead to stress and depression. 

Did you know:

  1. According to statistics, almost half the people who are facing serious debt problems will consider suicide as an option at some point.
  2. Stress can lead to depression, anxiety, and other mental health disorders.
  3. Stress can also have a serious impact on a person's physical health as well.

Debt Collectors and the Law

According to the Office for Fair Trading, there were guidelines put in place for debt collectors to abide by. If debt collectors are not abiding by these laws, there are protections put in place for people suffering from debt.

  • Debt collectors cannot use aggressive tactics.
  • Debt collectors must be transparent about the debt and explain what is owed.
  • They must also show consideration for debtors and compassion for the difficulties they may be facing.
  • When collecting a debt they must take into consideration the circumstances of the debtor before they can determine what the best course of action to take would be.

If You Don’t Want to Pay CDS Debt Collectors, DoNotPay Can Help

You don't have to put up with intimidation or bullying from any debt collector! Our platform is a comprehensive legal tool that can help you with complaints and demand letters to stop debt collectors from harassing you any further! 

How it works:

  1. Search “debt collection” on DoNotPay.

     

  2. Answer a series of questions about the debt collectors, including when you were contacted and how you were contacted, so we can determine if they have violated any debt collection laws.

     

  3. Decide which course of action you want to take based on our guidance, such as filing a debt verification request, demanding for the collectors to stop contacting you, or reporting them to a professional trade association.

     

And that's all you have to do! No more living stressed out by harassing calls and visits. And remember, DoNotPay works for all kinds of debt collectors that you may not wish to pay in the UK. 

We do a lot of work with:

Try DoNotPay today, and get those collection calls to stop.

What Else Can DoNotPay Do?

Aside from assisting you in dealing with debt collection agencies like CDS debt collectors, DoNotPay can help you with other legal conundrums. Here are only a few of the other services that you can enjoy through the app: 

Sign up with DoNotPay today and unlock an endless number of ways that will make your life more convenient and successful.

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