What To Do If You Get A Nasty Letter or Phone Call From:
ARC (Europe) Debt Collectors
Debt Collectors is a debt purchasing company or debt collecting company
listed in the site of DBSG
(The Debt Buyers and Sellers Group) and/or mentioned in consumer finance
forms. They have a legitimate function as debt collectors, but there
is some indication that some such companies (not necessarily ARC Debt
Collectors), and especially the debt purchasing element, go a bit too
far sometimes and can make people's lives a misery when those same people
are at their most vulnerable. We do not suggest that they are acting
outside the law, but getting that letter or phone call is not exactly
helpful to you right now.
So the first thing
you must do if ARC Debt Collectors is bothering you is not to
panic or despair. That's just what they want! They'd love you
to call their number and speak to their specially trained sales team
for 'advice'. But once you do that you'll be suggestible to whatever
they tell you, instead of getting independent advice. While we always
say that you should keep an open dialogue with debt collectors, we would
recommend that you do so in writing only. This will prevent them 'railroading'
you into any action which is not in your best interests, as they so
love talking people into doing things on the spur of the moment. Of
course, they are only doing their job, but that's hardly a consolation
for you in the present situation.
There are several
courses that are open to you, and some will suit your own situation
better than others.
A sensible option,
we would suggest, is a debt management plan or even an IVA - which is
designed to actually write off a large chunk of your unsecured debt.
But you would need to take advice on this and look at your income and
expenditure in detail. This option won't suit everyone. There's more
on this below.
As an alternative
you could apply for a 'logbook loan' which many people
find a very handy option. It is actually a loan secured on your car,
except you get to keep the car and keep the cash as well! That's why
some people find it such a good idea, as it unlocks the equity in your
vehicle without taking away your means of transport (there's no need
to sell the car). To apply
for a logbook loan click here.
Yet another option
is a no credit-check guarantor loan. This is especially
useful because your own credit rating is not looked at; you must find
someone else willing to act as a guarantor for you such as a friend
or family member. This is an ideal solution if you're at the stage where
your credit profile has been downgraded by recent events, etc. So click
the following link for Unsecured Loans
that don't need you to be credit checked.
If you wanted to
try a debt management plan, then we provide a whole-of-market service,
with a number of debt management experts on our panel. So whatever your
circumstances, your application will find the plan for you, meaning
the optimum outcome for your situation. It also means
there are no minimum requirements for debt levels or income.
So apply for a debt management plan using the form below.
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ARC Debt Collectors website is part of the DPC Registry site.
ARC Debt Collectors
Also Known As: ARC Europe, ARC (Europe) Ltd.
Address: Kent House, Churchfield Road, Walton on Thames KT12 2TU.
Telephone: 01932 251010
Fax: 01932 251012
Email: [user] @arceuropeltd.co.uk
a free QuickCreditScore check by applying
Debt Collectors and the Truth About Your Debt
Debt Collectors Ltd is a debt purchasing agent that has purchased
the debt account from the original creditor, often a bank for a fraction
of the original value and is trying to get the full sum of the original
debt from you.
ask ARC Debt Collectors for a copy of the original contract when you
took out your loan or credit card.
Data On ARC Debt Collectors
you have any information that you would like honest people to know
about ARC Debt Collectors then send us an email in complete confidence and
we will try to corroborate it with the clowns involved.
ARC Europe Debt Collectors website is part of the DPC Registry site.
please be aware that figures entered need to be accurate by law, and
to give the best service to you. It is very important that you budget
for all necessary expenditure including rent or mortgage, council
tax and utility bills, etc., and any other necessary outgoings related
to the upkeep of your household and in relation to any specific circumstances
which may apply to you or your household. This website only collects data on behalf
of debt management professionals, from which it will receive affiliate
remuneration for data collection only and does not itself engage in
any debt management services. Other debt management options are available
and may be more suitable. People entering into an IVA or debt management
will have this entered on their credit profile and this may affect
their ability to get credit in the short term or even in the long
term in some cases. It is free to apply from this website; you will
be given advice by debt management professionals and a 'cooling off'
period, by law, to decide whether or not the debt management plan
is suitable for you, and you should be aware that a fee will be chargeable
upon a successful arrangement, as with any commercial transaction.
Failure to meet the repayments on an IVA or any debt management programme
may result in serious consequences, including, but not limited to,
bankruptcy. Bankruptcies, CCJs and similar defaults will be entered
into a public register and will remain there for a statutory period
of not less than six (6) years.
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a look at the Insolvency Service's leaflet called 'In Debt', downloadable
of Debt Collectors
ARC Debt Collectors website is part of DPC Registry website group. All
rights reserved. Complaints Against ARC Europe Debt Collectors.
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