Walker Love is one of the most renowned debt collection companies in Scotland. The firm operates across all six Sheriffdoms of Scotland and throughout Europe. You may have received a phone call or letter from Walker Love if you owe them money. However, you may be wondering what these companies do. The full name of Walker Love’s parent company is Aberdeen Financial Limited, which is registered with the Financial Conduct Authority. The firm purchases debts from other companies at discounted rates and uses its own debt collection staff to chase up unpaid debts. It also employs field agents to contact debtors.
Fortunately, there are several ways to protect yourself from these collection agencies. One way is to file a complaint with the Financial Ombudsman. This independent body is able to provide free money advice and impartial guidance, which can help you manage your finances. It’s a good idea to do this even if you don’t have a large debt.
When a debtor fails to make payments, Walker Love will apply to freeze their bank account. This freezing of their account will prevent access to the funds until the debt is paid in full. They will also block direct debits and standing orders. However, you might be able to pay your debts despite the freezing of your bank account. Moreover, you may be able to still apply for a debt payment programme or time to pay order.
If the debtor is not able to pay, the local authority can apply for a summary warrant in the Sheriff Court. Once the warrant is obtained, Walker Love will follow the same procedure as if they were collecting unpaid Council Tax. In some cases, Walker Love will offer a time to pay order or a debt repayment scheme. However, if you have filed for bankruptcy, a time to pay order isn’t available.
Another way for Walker Love to collect debts is to chase them in court. It is possible to get a County Court Judgment in England or Wales. It doesn’t matter whether the debt is in the name of one person or many, it will still remain on the credit profile of the debtor. It’s important to note that the statute of limitations is six years. This means that a debtor will not be able to collect on debts that are more than six years old.
Another way Walker Love can enforce a debt is by obtaining an exceptional order of attachment against the debtor’s property. This order is issued by the Sheriff Court and entails the seizure of the debtor’s property. If the debtor is unable to pay, the CSA will intervene. In some cases, Walker Love will send an Enforcement Agent to the debtor’s property. An Enforcement Agent has more rights than a normal Debt Collector, so the Sheriff Court order will have a much greater impact.
In some cases, councils can issue summary warrants against debtors who fail to pay their council tax. Despite this, the law firm will allow a fourteen day grace period to pay. The council will also add a 10% penalty to the amount of the debtor’s Council Tax.