Whether you are in debt, or just need some advice about managing your money, the Financial Ombudsman is a free and independent body which can help you. You can also visit MoneyHelper, which is a website that provides impartial, free money advice.
Walker Love is a company that collects debts on behalf of various companies. Their clients include national government bodies and local government bodies, utility companies, private companies, and the consumer debt industry. They are a member of the Credit Services Association, and the Financial Conduct Authority has approved them as a reputable debt collection agency. The FCA has made it clear that Walker Love collectors will stop contacting you if you ask them to. They will also be obliged to inform you of any court action against you, such as a warrant or court order.
If you are unable to pay your bills, Walker Love may be able to get a court order to force you to pay. The court order is called a summary warrant, and it will detail the amount owed, who to contact, and where to send payment. It will also contain a 10% penalty charge. However, the best course of action for you will depend on your individual circumstances.
In order to get a summary warrant, you will need to apply to the Sheriff Court. The Sheriff Court will then issue a decree, which will give Walker Love the enforcement power that you need. Then, you will be given an order to pay the debt within 14 weeks. In extreme cases, you may need to get an Exceptional Attachment Order. This means that the property will not be sold unless the debt is paid in full.
If you are not paying your debts, you might be asked to pay a lump sum or take part in a debt repayment program. These are legal ways to settle your debt, but they can make it harder for you to make your repayments. If you are in financial difficulties, it can be a good idea to try to pay your debts in installments. This will give you time to pay off your debts and avoid any legal action against you.
The most important thing to remember when negotiating with a debt collector is to know your rights. This will protect you against any abuse. For example, a debt collector can’t tell you lies or speak to your family about your debts. They can only act on your behalf if you give them written consent. If you do not give them permission, they can’t go to your home, take your property, or arrest your wages. The best way to prevent a collection agent from taking your property is to communicate your concerns in a direct and open manner.
If you have a large debt, you may not be able to afford to pay it all at once. If you are in bankruptcy, you may be unable to arrange a standing order for your debt. However, you may still be able to obtain a time to pay order. This will give you a set amount of time to pay off your debt, but you will not have the same protection if your bank account is frozen.