What To Do If You Get A Nasty Letter or Phone Call From:
Who Act On Behalf Of Debt Collecting Firms
is a law firm which often acts on behalf of debt collection firms.
represent firms who are debt collection and debt purchasing companies
who either appear in the 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 clients
of Shoosmiths), 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 clients of Shoosmiths (or indeed Shoosmiths themselves)
are 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
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.
But first a word
of warning. You may be tempted to get a payday loan. There is no shortgage
of advertising for them. The problem is that the interest rates are
extremely high. Consequently we cannot recommend them. In any case,
they are designed only to be used over the very short term and are quite
unsuitable for long term debt management.
As an alternative
you could apply for a 'logbook loan' which many people
find a very useful 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).
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.
be aware that figures entered need to be accurate by law, and to give
the best service to you. It is extremely 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
that may relate to you. 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.
Also Known As: Shoosmiths Debt Collectors, Shoosmiths Ltd, Shoosmiths
Northampton, Shoesmiths Debt Collectors, etc.
Address: The Lakes, Northampton NN4 7SH
Telephone: 01604 543313
Fax: 01604 543629
Email: person or department @shoosmiths.co.uk
Extra Data: Shoosmiths
are a large law firm with several locations in the UK. They are not a
debt collector as such but seem to operate a legal function on behalf
of debt collector clients.
the Truth About Your Debt
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Shoosmiths Ltd is
a solicitors firm representing a debt collecting company which has purchased
the debt from the original creditor for a fraction of the original value
and is brazenly attempting to recover the full value from you.
use a variety of methods to get money out of you in order to profit
from you. You may have already experienced bad dealings with them on
the phone or by letter. They may call you at strange times when they
know it is inconvenient for you and do this lots of times. They may
send you official-appearing nastily worded letters or cards threatening
to send people round to collect the amount in full or take you to court
if you cannot pay. Other tactics may involve saying that they will make
a charging order on your property or make you lose your home.
So ask Shoosmiths
for a copy of the original contract when you took out your loan or credit
Policy | Help
Us | Contact
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& Disclosure | Complaints
a look at the Insolvency Service's leaflet called 'In Debt', downloadable
of Debt Collectors
Shoosmiths website is part of DPC Registry website group. All rights
reserved. Complaints Against Shoosmiths solicitors.