Is It Your Best Option to Get Satsuma Loans?

Stop Debt Collectors Is It Your Best Option to Get Satsuma Loans?

Is It Your Best Option to Get Satsuma Loans?

Millions of people everyday struggle with debt. For many, being hounded by collection agencies may feel like there is no way out but that is simply not true. One of these persistent debt collectors is Satsuma Loans.

If you are being badgered by endless phone calls and posts by Satsuma Loans, we are here to help. DoNotPay provides a more convenient, automated, and less frustrating way to deal with debt collectors.

In addition to Satsuma Loans, DoNotPay can also help you deal with debts from other collection agencies such as:

With our easy-to-use app, you can quickly and easily get the help you need to take control of your finances. Read further to learn how DoNotPay can get your debts under control and help you gain financial independence.

Who Is 0800 694 0004 and Why Are They Calling Me?

0800 694 0004 is a phone number for Satsuma Loans. They used to offer loans of up to £1,000 for new customers and up to £2,000 for existing customers. This loan is usually payable in 3 to 12 months, although repayment terms may be shorter or longer depending on your circumstances.

However, Satsuma Loans has decided to close on the 31st of December 2021. All remaining credit moving forward from the said date has been considered null and void. This means any outstanding balance has been cleared and you no longer owe any payments after the 15th of December 2021.

In the past, getting a call from Satsuma Loans could mean any of the following:

  1. They have approved your loan.
  2. You have an outstanding balance that you need to settle.
  3. The collector is trying to gather details about the debtor.

Since Satsuma Loans has been closed as of this writing, if anyone contacts you and identifies themselves as Satsuma, you need to be very careful in transacting and reminder to not give them any money. If you wish to contact Satsuma Loans directly for clarification, you may do so through the following:

Phone0800 694 0004
Emailonlinecustomercare@satsuma-loans.co.uk
Postal AddressSatsuma Loans - 1 Godwin Street, Bradford, BD1 2SU

If in doubt or unsure on how to proceed, DoNotPay can deal with them on your behalf.

What Happens if I Don't Pay My Debt to Satsuma Loans?

A few things could happen if you don't pay your debt. First, the collection agency may try to contact you to arrange a new payment plan. If you still don't make payments, they may:

  • Take money from your wages through a process known as wage garnishment
  • Threaten and harass you into paying
  • Take you to court

Remember: It's also possible that the limitation period on your loan has run out (six years in the UK), in which collection agencies will be unable to pursue you in court. If you have debt, DoNotPay can help you find out if the debt obligation is no longer legal.

Since Satsuma Loans has decided to completely close on the 31st of December 2021, what you can do is confirm if all your debt has actually been cleared and if your credit report reflects the said fact.

If you have existing unpaid debt with another collection agency, debt collectors may approach you in a variety of ways. Unfortunately, some debt collection practices border on harassment and are strictly prohibited. These actions include:

  • Unending phone calls
  • Letters threatening that non-payment is a felony, which it isn't.
  • Home visits
  • Verbal abuse
  • Legal threats
  • Garnishing your wages
  • Social media shaming

Get Debt Help With DoNotPay!

If debt collectors are harassing you, DoNotPay can assist in determining whether they are compliant with debt collection rules and advice on what you can do to make them stop. Since Satsuma Loans have already closed, it may be difficult trying to get ahold of their agents to confirm if your debt has actually been cleared.

We'll take you through a couple of questions and assist you in choosing the best course of action. We can submit a debt verification request or confirm if the debt has been removed from your credit report.

Here is what you should do to get started:

  1. Search "debt collection" on DoNotPay.

     

  2. Answer some questions about the debt collectors. When did they contact you? How did they get in touch with you? We need this information to see if they broke any rules when collecting the debt.

     

  3. Determine what course you wish to take based on our suggestions, such as submitting a debt verification request, requesting that collectors stop contacting you, or reporting them to a professional trade association.

     

That's all there is to it! DoNotPay will take care of the rest once you've decided on a course of action. We'll send your request straight to the debt collectors via first-class mail or file your complaint without further ado with the relevant trade association or ombudsman.

What Else Can DoNotPay Do?

DoNotPay can help you with your various administrative tasks, such as:

If you're still worried about your remaining debt with Satsuma Loans, DoNotPay can help ease your mind. We have various tools to assist with different types of debt, and we can help you find out if the debt obligation is no longer legal. We can also help you contact a credit agency, file a complaint, or report the agency to a governing body. Get started with DoNotPay today!

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