🔴 What happens if I don’t pay my debt?

🔴 What happens if I don’t pay my debt?

The company or person you owe money to is called your lender. If you do not pay them, and if you do not engage with them, they may take further action against you.

Here's what you should know:

Stay in Touch 📲

If you're in financial difficulty, email us at uk@debtco.io. Keeping us updated allows us to:

  • Suggest specific resources to help you 💭
  • Discuss options that suit your situation 💬
  • Provide you with space to explore support options 🤔
  • Keep your lender informed so you don’t have to (only for accounts handled by us) ℹ️

Possible Actions by Your Lender ⚖️

Initially, your lender will contact you after a missed payment. If non-payment continues, actions may escalate and can include:

  • Contact by a debt collection agency
  • Negative impact on your credit file
  • Legal action, such as court proceedings

Can’t Afford to Pay? 💡

Contact us or your lender if you’re struggling to pay. Early communication allows us to:

  • Discuss your circumstances and suggest solutions
  • Provide time to explore options
  • Refer you to helpful organisations
  • Place a hold on debt collection activities to give you time to seek support

Your lender can also deal with a representative on your behalf if needed, with your explicit permission.

We’re here to help you navigate through this and find a solution that works for you. 🌟

For more details, visit StepChange for a deeper understanding of the debt collection process.

🔴 What happens if I don’t pay my debt?

The company or person you owe money to is called your lender. If you do not pay them, and if you do not engage with them, they may take further action against you.

Here's what you should know:

Stay in Touch 📲

If you're in financial difficulty, email us at uk@debtco.io. Keeping us updated allows us to:

  • Suggest specific resources to help you 💭
  • Discuss options that suit your situation 💬
  • Provide you with space to explore support options 🤔
  • Keep your lender informed so you don’t have to (only for accounts handled by us) ℹ️

Possible Actions by Your Lender ⚖️

Initially, your lender will contact you after a missed payment. If non-payment continues, actions may escalate and can include:

  • Contact by a debt collection agency
  • Negative impact on your credit file
  • Legal action, such as court proceedings

Can’t Afford to Pay? 💡

Contact us or your lender if you’re struggling to pay. Early communication allows us to:

  • Discuss your circumstances and suggest solutions
  • Provide time to explore options
  • Refer you to helpful organisations
  • Place a hold on debt collection activities to give you time to seek support

Your lender can also deal with a representative on your behalf if needed, with your explicit permission.

We’re here to help you navigate through this and find a solution that works for you. 🌟

For more details, visit StepChange for a deeper understanding of the debt collection process.

Contact

Get in touch with DebtCo

Have questions? Get into contact with one of our support

Give us a call

Our office is open Monday to Friday between 9am and 5pm

Send us a WhatsApp

We usually respond within 24 hours to your message

Drop us an Email

Reach us at: uk@debtco.io

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Ready to get your unpaid invoices settled? The team at DebtCo is eager to collaborate and provide a seamless, no-win, no-fee service that aligns with your financial goals. Contact us today for a successful and results-driven partnership.

Give us a call

We are open between 9am and 5pm, Monday to Friday.

Visit our office

Kings Chambers. Queen Street. Derby. DE1 3DS

Send us an email

Drop us an email at uk@debtco.io

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