Have Moorcroft Debt Recovery recently contacted you about debts which they allege are owed to them?
You are not the only one. In fact, there are millions of others like you who are struggling with debt and are being pursued by debt collectors. But even still, this can be a stressful time.
No worries, we are here to help. In this guide, we will discuss the steps you need to take to stop Moorcroft Debt Recovery in their tracks. By the end of this guide, you will know the steps you need to take to get your finances back in order and, at the same time, stop debt collectors from pursuing you.
But first, let’s look at who Moorcroft Debt Recovery are, why they contacted you, and show you what to do next…
Who Are Moorcroft Debt Recovery?
Moorcroft Debt Recovery are a debt collection company based in the United Kingdom. Their full company name is Aberdeen Financial Limited. Like all debt collection agencies, they are registered with the FCA, the Financial Conduct Authority, to collect debts in England, Wales, Scotland, and Northern Ireland.
Moorcroft Debt Recovery collect debts from other companies at a reduced rate and use their own debt collection staff to contact customers for repayments (usually council tax debts). They also employ field agents, who may visit your home to collect debts.
If you have been contacted by this debt collector, then it’s likely that they have contacted you to collect your outstanding debts.
In this case, here is what you should do…
I Have Been Contacted by Moorcroft Debt Recovery, What Should I Do?
First of all, don’t panic. We are here to help you to get back on track.
If you have received a letter or multiple letters, you’ll notice that it probably requests a total balance, including charges on top. All of Moorcroft’s debt recovery letters are mass-produced from a computer system, usually when they first buy the debt.
Is Moorcroft Debt Recovery legitimate? Unfortunately, yes. It is tempting just to ignore the first letter you receive from Moorcroft Debt Recovery and hope the matter sorts itself out.
But in truth, it never does. Our advice is to take action quickly to pay Moorcroft Group before fees and charges increase further. That’s the only way to get rid of them.
What Happens Next?
If you don’t want visitors from Moorcroft Group PLC to your home, our advice is to act quickly to stop the Moorcroft debt collection process in its tracks.
The Moorcroft debt collection process starts with phone calls. If you don’t respond on the phone, they will no doubt look to visit your property if you are not in contact with them.
Of course, this is stressful, and some people can find this very intimidating, but it can be avoided.
When you are at this point, you need to speak to an Independent Debt Advisor about being contacted by Moorcroft Debt Recovery Limited. There are many advantages of this, doing it sooner rather than later will no doubt help you in the long run (and avoid any unnecessary home visits).
An Independent Debt Advisor will:
- Look at the debts you currently have
- Assess the assets which you own (such as houses, savings, and shares)
- Provide you with a reference number. With this reference number, you will get breathing space. Your creditors will not be able to chase you, visit your home, or call you within this period.
But don’t delay.
If you do not act instantly, debt collectors and bailiffs can look at escalating the matter further. Which can include:
- Home visits by field agents
- Car repossession
- They can remove goods from your home to pay for the debt (with the necessary county court order)
What about If I Choose to Ignore Moorcroft Debt Recovery?
One of the first things you need to know about dealing with any debt recovery company is this: ignoring them is a bad idea. It makes sense to switch to that sort of thinking if you don’t want to pay immediately.
However, by ignoring their calls and letters, you’ll be inciting them to seek legal enforcement action. In short, you’ll only be making matters worse.
But before it gets there, you’ll be plagued by frequent phone calls and letters. If a debt collector or Enforcement Agent has tried to make contact with you a number of times, the next logical and, more importantly, legal step for them would be to visit your home to make contact.
If this happens, it is likely that more debt will be added to your account. This can make the situation a lot worse than it needs to be. You obviously don’t want to end up with more debt than you already have!
The sooner you deal with them, the sooner you can stop Moorcroft from contacting you. But remember, you can make a complaint if they harass you.
Can Moorcroft Debt Recovery Freeze My Money?
The company, Moorcroft Debt Recovery Limited, is not capable of freezing your money or assets. But the sheriff officers of Moorcroft Group PLC do have the ability to contact the county court and place a formal appeal.
Once the county court has reviewed the presented documents, they might move to place you under arrest for your outstanding debt.
Unfortunately, the wide renown of Moorcroft Group PLC is what allows them to hold this level of sway over county court judgement, which other debt collection agencies might not have. So, they can take legal action, which we discuss below.
Diligence and the Risk of Court Issues
Things start getting a little less manageable here. “Diligence” gives Moorcroft’s sheriff officers the ability to press legal charges against you. This, in turn, authorizes Moorcroft PLC to collect debt payments from you in various ways. Here are 4 of the possible avenues they might take to do this:
Earnings Arrestment
If you have a job, a letter will be sent by the Moorcroft Group sheriffs via the court to your employer. This letter will request your employer to deliver a portion of your monthly earnings to the company to write off the debt that you owe Moorcroft Group.
Attachment Order
Together with the debt council, the Moorcroft Group sheriff officer might start seizing your assets, which they will then put up for sale or auction. The revenue from this will be counted as a payment of your outstanding debt.
Bank Arrestment
As the name suggests, a bank arrestment order is a legal action that directs your bank to freeze your account. This is a way of ensuring that you cannot access your assets or money until your debt has been paid in full.
Unfortunately, your bank also reserves the right to make a debt payment from your existing balance without your prior knowledge.
Inhibition
An inhibition orders that you’re legally barred from selling any of your property or assets until your debt to Moorcroft Group has been paid in full.
What Do I Do If Moorcroft Debt Recovery Visit My Home?
It is not uncommon for debt collectors to visit your home to collect debts.
If they have, or if they have set an appointment to visit, then you should follow these steps:
- Remove any vehicles from the driveway to a safe place
- Make sure all doors and windows are locked and shut
- Do not allow them access to the property (they are not permitted to push past you)
- Contact us before they arrive
What to Do If a Sheriff Officer from Moorcroft Breaks In?
Know your rights. Sheriff officers are only allowed to break into the home of a debtor if they have been permitted to do so with an Exceptional Attachment Order. So, if a sheriff makes their way into your home against your will, ask them to show you the permitting documents.
If they have the required documents, there is, unfortunately, not much you can do. Also, know that they might be able to break in and enter into establishments outside your home (discussed below).
However, even if the sheriff has obtained permission to enter your home, they are not permitted to touch or tamper with any of your possessions. For that, they need a separate Attachment of Goods issued by the county court.
Second, don’t be intimidated. Sheriffs of debt collection agencies tend to overstate their capabilities in order to get away with certain activities.
If you think that the sheriff has stepped out of line, you have the right to file a complaint against them with the Sheriff’s Principal, who will then take action to prevent any further harassment.
What Is an Attachment Order Outside Home?
In the event that you fail to respond to Moorcroft’s prompts or make any debt payments, then the county court might issue an attachment order of property, which is enacted outside your home. Put simply, the sheriff officer then has permission to seize assets outside your home.
In case this happens, you should hasten to remove any visible vehicles to a safe place (as we discussed above). Other possessions should also be removed from your porch or backyard promptly to prevent the sheriff from getting access to them.
What Rights Do Moorcroft Debt Recovery Have?
The simple answer is, not many – to start with.
As their function is debt recovery, Moorcroft have similar rights as the original creditor does.
At first, they can:
- Send you letters
- Make phone calls
- Send you emails
- Text you
- Visit your home
They do not have the same rights as bailiffs. Debt collectorscannot enter your property (without your permission). They cannot repossess goods on your property, and they cannot take your vehicles, for example.
But what they can do is make an unlimited amount of visits to your property to collect the money they are owed, especially if you don’t respond to their phone calls. And, if they contact a bailiff, they might take you to court.
Knowing Your Options
It is easy to get worked up when you are being chased by debt collectors. In fact, this is a natural response that they rely on. But what can you do if you cannot afford to pay Moorcroft?
Before you agree on a payment plan with Moorcroft, it is important to review all of your available options. Here’s some debt advice.
Debt Management
If you have over £2000 worth of debt, you can look at a debt management plan. Debt management plans are informal agreements that can be set up by either yourself or a debt management company.
The debt management company will ask your lenders to agree to receive a lower payment and to temporarily pause interest and charges. They do not have to agree to this, and these plans are not always successful.
IVA
If you have over £5000 of debt, you may be eligible for an IVA(Individual Voluntary Arrangement). An IVA is a formal debt solution that is set up by an IVA company and managed by an Insolvency Practitioner (IP).
All of your interest and charges would be frozen. Your creditors would not be allowed to contact you anymore, and you would agree to an affordable monthly payment, starting at £70 per month.
Bankruptcy
If you cannot afford to repay any of your debts, you can apply to make yourself bankrupt. The cost for this is £680. There would be no monthly repayments, and your creditors would not be allowed to contact you after you are declared bankrupt. However, this is the last resort debt solution.
Who Can I Go to for Help?
If you are struggling with Moorcroft debt and you are being chased by debt collectors, like Moorcroft Debt Recovery, then you should seek independent debt advice as soon as you can.
Checking your debt options has never been easier, try our debt calculator by clicking “get started for free” now.
Debt Charities
If you owe money worth less than £2000 and you don’t know where to turn, you may want to speak to a debt charity. It is also important to mention that if you do approach a credit “charity” and opt for an IVA, the fees will remain the same as using a private IVA company.
The following companies may be able to help you:
How Can I Stop Moorcroft from Contacting Me?
If you enlist our help, we can aid you in ceasing all direct contact by Moorcroft or any other debt collection agency that is on your tail. Not just in-person visits, but you won’t receive another phone call or email, even if you owe money.
After we have stopped contact, we’ll work closely with you to help you find solutions to pay Moorcroft (and other credit), even if you cannot afford to pay right away. Don’t worry, we’ve got your back!
What Our Help Means for You
Our goal at IVA Advice is to help you, slowly but surely, attain a debt-free life. Our credit services are manifold. We will:
- Prevent any bailiffs or debt collection agency from contacting you further; we’ll deal with them on your behalf.
- Consolidate all of your outstanding debts and credit into a single affordable monthly payment.
- Introduce you to multiple possible solutions to all of your debt problems.
- Guide you in self-assessment and escaping the debt cycle, where you keep taking one loan after another.
- Help you figure out how to freeze any charges and interests on your debts to keep them from growing.
Get Help with Moorcrofts Debt Recovery
If you are struggling to pay your debt with Moorcroft Debt Recovery, seek Independent Financial Advice now.
Moorcroft Debt Recovery Limited Details
If you want to contact Moorcroft Debt Recovery directly, you can do it directly using the details below:
By Post:Moorcroft House, No. 2 Spring Gardens, Stockport, SK1 4AA
By Telephone:+44 161 475 2970
Via Their Website: https://www.mdrl.co.uk
Before you contact Moorcroft Debt Recovery Limited, you might want the following additional information:
Incorporation Date: 2 March 1983
Company Registration Number: 01703704
If you would like to make a complaint about Moorcroft Debt Recovery, you can contact the Financial Ombudsman Service or speak to the CSA, which is the trade association for the Debt Collection industry.
Frequently Asked Questions
Who regulates Moorcroft Debt Recovery?
Like all Debt Collection Companies, they are regulated by the FCA or Financial Conduct Authority. Since they are registered in England, you also have the option of contacting the Financial Ombudsman Service if you feel you’ve been harassed.
Can Moorcroft Debt Recovery take my property?
No, they cannot; neither do they have the right to harass you or force their way onto your property. However, Moorcroft Debt Recovery can involve bailiffs and debt collectors, who do have the right to take your property.
Can I write off the debt I owe to Moorcroft Debt Recovery?
Yes, it’s possible to write off what you owe to Moorcroft Debt Recovery with the use of an IVA. With an IVA, it’s possible to write off about 50% to 60% of your debt. However, note that you can only get an IVA if your debt is above £5000.
What are unsecured debts?
An unsecured debt is one that does not have any collateral; i.e., it’s not supported by any asset of value. Unsecured debts which are not paid off on time can cause you to be sued by your creditor. However, since there is no collateral, your assets/property won’t be seized.
Here are the different types of unsecured debts:
- Credit card
- Store cards
- Loans
- Parking fines
- Council tax
- HMRC debts
- Utility bills
- Criminal fines
Are Moorcroft Debt Recovery bailiffs?
Bailiffs, Moorcroft Debt Recovery are not, neither is any other debt collection agency. Neither do they have the rights of bailiffs. However, a Moorcroft debt collector does reserve the right to enlist the help of bailiffs if need be, who will then begin the county court judicial process.
Remember, any bailiffs Moorcroft Debt Recovery contact have the right to seize your assets.
What is an IVA?
IVA stands for Individual Voluntary Arrangement (IVA). It is a formalized solution for debt that allows you to consolidate your debts and pay them off using only one affordable monthly payment (starting at £70 to £80).
This payment is made to an Insolvency Practitioner (IP) and must be made for a fixed term which usually lasts about 5 years. Once that term is over, all outstanding payments are written off completely legally.
Does an IVA affect my credit report?
Yes. An IVA appears on your credit file for up to 5 years, so you can expect to encounter difficulty getting credit during that time. After the legitimate debt payment term has ended, it can take up to 12 months for the IVA to be removed from your credit file.
How long does the debt collection process last?
Put bluntly—as long as it takes. While you still owe money to Moorcroft, they won’t let you be. This is because debt collectors buy debts from your original lender at extremely low prices. So, debt collectors are motivated by recovering not only the original value but the interests, fees, and charges.
If you feel cornered or pressured by any debt collection company, you can contact us directly, and we’ll be on it as soon as possible. With our extensive experience dealing with Moorcroft Debt Recovery and other similar companies, we’ll be able to help you pay back what you owe and be on your way to a debt-free existence.