Received a Letter from DRS Debt Revenue? Here’s What to Do!
Being in debt is stressful. It's worse when your creditor threatens to hand over your case to a debt collection agency. is one organization that creditors contract to handle their debts in the UK.
This article details DRS and other debt-collecting organizations. Second, the article addresses how to deal with them, as well as how DoNotPay's can assist you in dealing with the DRS debt revenue service.
Our Debt Product not only deals with issues relating to DSR but also a variety of other debt collection. Some examples are
- Moorcroft Debt Recovery
- Advantis Debt Collection
- Provident Loans Refund
- DWP Debt Management
- Marston Group Holdings
- Lowell Financial
- Amigo Loans Refund
Read further to learn more about how you can deal with debt collection agencies and how DoNotPay can help find the best course of action that you can take.
Why is DRS Calling Me?
If the DRS has called you, it only means one thing, you owe money to a credit facility, and they have mandated DRS to collect it on their behalf.
, is a Liverpool-based debt collection agency. They are a branch of Ardent Credit Services Ltd. The debt collection firm was founded in 2003. The company is well regulated, complying with all FCA standards.
DRS does not offer any credit facilities explaining why you most probably are hearing from it for the first time.
What is DRS Debt Revenue Company and Are They Legit?
You've probably heard of debt collection scams and now wondering if DRS is one of them. The answer is no.
DRS is a credible debt collecting agency. Debt collection agencies typically purchase "bad" debt from credit facilities at a reduced price, intending to profit after recovering the debt.
The corporate registration number of DRS is 04691960 and its VAT number is 693414421.
However, DRS should not be confused with Dynamic Recovery Services, a debt collecting organization based in the United States.
You can try to contact DRS on your own and reach them through
|Website||DRS Debt Revenue|
|Phone Number||0151 545 1500|
|Opening hours||9 am - 5:30 pm Monday to Friday|
|Post||1st Floor, Moorgate Point
Moorgate Road, Knowsley Industrial Park
Liverpool L33 7XW
What Happens if I Don't Pay My Debt to DRS?
Sometimes, the debtor may not meet their debt obligations and also have a valid reason they can't pay. It is not a crime. In such instances, consider various options, such as declaring bankruptcy or negotiating a payment plan.
The last thing you want to do is ignore the company. The more you refuse to respond to them, the harder they will try to get to you. In extreme instances, they may obtain a lawsuit against you that is legally obligating you to pay the debt.
Also, seeking debt relief may seem like the best thing but note that debt relief may damage your hard-earned credit score. Therefore, agreeing on flexible payment plans is the best way to go.
Has DRS Violated My Rights? If Yes, What Should be Done?
The FCA protects debtor rights and the rights of the creditor, hence creating a safe space for both parties to work together. The FCA makes certain that these rights are upheld.
Understanding your rights as a debtor will help you identify debt collection scams and protect you from having an unpleasant encounter with debt collectors. One way to know that your rights are being violated is if the following happens
- A debt collector enters your property. Debt collectors do not have the power to enter your home. Only bailiffs can do that.
- Contacting you through social media
- Contacting you at inconvenient times, such as very early in the morning or late at night.
- Threatening to use legal and verbal threats
- Stating that you are committing a criminal offense and giving legal threats.
- It compels you to make payments through unverified channels.
Such behavior indicates harassment and is a definite indication of a debt collection scammer posing as DRS to extort you. If you experience any of the above, please contact the financial ombudsman service, the FCA, or DRS to file a complaint.
Debt collectors also have rights that enable them to recover their debt ethically. Here are some of the things a debt collection agency can do:
- Contact you repeatedly, though not excessively.
- Can send agents to your door. However, the agents cannot enter your property or take anything.
- They can take legal action against you if you constantly default on payment
- May seek the intervention of bailiffs who can enter your property and also seize goods worth the value of debt.
How Long Can Debt Collectors Collect Debt from Me?
DRS and all other debt collectors in the UK have a 6-year deadline to recover debts, with Scotland having a 5-year deadline. After this time, the debt becomes statute-barred and, under the 1980 Statute of Limitations Act, unenforceable. This means that you cannot be taken to court over the debt and no one can force you to pay it.
However, if the DRS obtains a court injunction or a CCJ requiring payment before the statute of limitation expires, the loan may never become statute-barred because it is already a legal obligation.
What to Do When Contacted by DRS
When you receive a call from someone claiming to be a DRS agent, make sure they are authentic and not a fraud. Every debt collecting company must provide a debt validation letter. Never give your personal information until you have verified its authenticity.
Here’s what you should do:
- Review the debt validation letter; verify the amount owed, the original creditor, what the debt was for, and the identity of the collector.
- File a debt verification request for questions or if you think the debt collection was mistakenly issued.
- Once you verify the debt, you can
- Pay off the debt.
- Negotiate to have them call you at specific times or through your lawyer.
- Command them not to call you at all. Beware that DRS may opt to escalate the matter to the court.
Verifying the debt collection firm may be perplexing if you have never done so previously. Dealing with DRS or any other debt collection company can be distracting and time-consuming. By using DoNotPay, you can focus on other important matters while we take care of your debt collection case.
DoNotPay Can Help You Battle It Out With DRS
DoNotPay's Debt Help service is invaluable in dealing with DRS on your behalf, regardless of whether you have been called or harassed by them.
Our team will conduct a full background check on the debt collecting agent and validate their FCA compliance. In addition, after reviewing your case, we will provide expert guidance on the next steps and also assist you in submitting a demand letter or a court complaint.
To use our debt relief service, simply follow these three simple steps:
- Search “debt collection” on DoNotPay.
- 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.
- 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.
What Else Can DoNotPay Do?
DoNotPay helps people from all walks of life deal with many daily challenges. Here are a few
- Help with bills
- Get free trials and don't get charged
- Find unclaimed money
- Small claims court
- File a complaint against any company
- Cancel any service or subscription
- Pay bills online
- Increase credit limit
Let DoNotPay Take Care of Your Debt Needs
If you've ever dealt with a credit recovery company, you know how unpleasant and difficult it can be. The days of having to deal with unending phone calls are over with DoNotPay. Our product will help you do a background check on anyone who introduces themselves as DRS agents. We will also assist you in filing complaints against unethical debt collection practices. To get started, visit our .