How to Deal With Debt Managers Ltd Debt Collectors

Debt Managers Ltd is a registered debt collector company in the UK. The company offers debt management solutions to customers who are majorly financing companies. If you cannot make the scheduled payment on a debt, your delinquency will be turned over to a debt collection agency. In such a case, Debt Managers Ltd might contact you in their effort to recover the debt.

When debt managers contact you, you should not provide your personal information but request debt validation. You should also be careful not to fall into the hands of scammers who pretend to be debt collectors.

The above debt verification process makes dealing with a debt collection agency difficult. Additionally, the debt might be legally yours, but Debt Managers limited might be using unfair debt collection practices. You should not allow a debt collection company to harass you when DoNotPay can protect you using the Debt Help product.

Why Is Debt Managers Ltd Debt Calling You?

Here are some reasons why Debt Managers Ltd debt collectors might call you:

• To urge you to settle your debt
• To inform you about the sale of your debt to another debt collector if you haven't cleared it in full
• To negotiate the terms of your debt payment
• To track down a family member or friend with who they believe you have a close acquaintance to

If you wish to get in touch with them, here are the contact details:

The company customer care is active Monday to Friday from 8:30 am – 5 pm.

Is Debt Managers Ltd Debt Collectors a Scam?

No, the company is a legitimate debt collection agency owned by Secure Trust Bank since 2013. They are claimed to be the only debt collectors owned by a bank in the UK. The company majorly focuses on the bulk buying of debts from creditors.

Debt Managers Limited is regulated by the Financial Conduct Authority, meaning it operates within the confines of the law.

What Happens if You Decline to Pay Your Debt?

If you keep ignoring calls, texts and emails from Debt Managers limited, the chances are that your creditor will sue you in court. If the judgement is made against you, Debt Managers will be given an order to seize your possession or wages to pay your debt.

Apart from being sued in court, there are other consequences of failing to pay your debt, which include:

• Your debt will keep on growing through interest accumulation
• You will not be aware of the actions that are taken against you
• Your credit score will be affected majorly
• You might be missing a chance to write off your debt through Debt Relief Order or other charity organisations

How Will Debt Managers Ltd Debt Collectors Violate Your Rights?

According to the FCA, Debt Managers Ltd should not do any of the following when trying to collect a debt from you:

• Call you at irregular times. They should neither call you during weekends nor outside 9 am – 5 pm on weekdays.
• Verbally abuse and harass you to pay your debt
• Discuss your debt with your colleagues, family members and friends
• Threatening to sue you in a court
• Harassing you in public
• Pursuing you on social media services

Additionally, The Office for Fair Trading (OFT, 2012) has published a set of guidelines regarding debt collection, which include:

• Ensuring debtors are treated fairly
• Ensuring debt collectors provide clear information regarding a debt
• Make sure debt collectors understand the challenges debtor are facing
• Ensuring debtors act as per the debtor's circumstances

How to Deal With Debt Managers Ltd Debt Collectors on Your Own

If Debt Managers contact you claiming to collect a debt from you, you should first determine whether the debt is legitimate or not. You should do so by requesting a debt validation from the company. Supposing the debt is valid, you should make an arrangement to pay it off. If the debt is not yours, you can demand the company remove the negative review from your credit report. If they are adamant about doing so, you can sue them in court.

Ideally, dealing with a debt collector is a lengthy process, from the verification process to the debt repayment stage, which might consume much of your time. Luckily, DoNotPay provides a perfect solution to deal with Debt Managers Ltd debt collectors in less than 2 minutes.

How to Deal With Debt Managers Ltd Debt Collectors Using DoNotPay

We guide in few easy steps:

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.

Other Problems DoNotPay Can Help You Solve

We can help you deal with the following debt collection companies:

1. Moorcroft
2. DWP Debt Management
3. Advantis
4. Provident
5. Amigo
6. Marston Group Holdings
7. Lowell Financial

Are debt collectors persistently harassing you and you don't know what to do? Contact us today and let us protect you.