CDER Group – How Does CDER Group Work?
CDER Group is a debt collection agency with a legal base in London. The company is registered in England and its activities are overseen by an Independent Advisory Group. It was formed in 2020 after a merger between three companies. The new company has been authorised by the Financial Conduct Authority. There are certain laws that CDER Group has to follow, including the obtaining of written consent from customers before offering them any services.
The CDER Group will contact you through a letter containing the total amount of debt you owe, any penalty charges, and a payment deadline. In some cases, CDER Group employees may also visit your home to collect your debt. If you do not make the payment by the deadline, the company will seize your property. They may also threaten you with bankruptcy.
Once you receive a letter from the CDER Group, you must pay it promptly to avoid a court appearance. The CDER Group letter will provide you with information on the debt, the original creditor, and how much you owe. It is important to pay off the debt in full to avoid any additional fees or penalties.
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