Want to STOP the stress of debt?

If you are sick and tired of the phonecalls, the threatening letters, or perhaps you are just struggling to maintain your regular payments, DebtBuffer can help make all this hassle STOP.

You simply need to know what your real options are & whether you can write off some, or all of your debts. It’s up to you to take charge, not the debt collectors!

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Akinika Debt Recovery

Akinika is a debt collection company founded in 1926. They collect debts on behalf of banks, loan companies, and government departments as well as various other clients. Unlike some other debt collection agencies, Akinita does not ‘buy’ debts off their clients, then keep however much of the debt they are able to collect. On the contrary, if Akinika is trying to collect from you, your debt is still owed to their client (e.g. HMRC, or your bank) and not directly to Akinika.

Who are Akinika Debt Collectors?

Akinika is a debt collection company founded in 1926. They collect debts on behalf of banks, loan companies, and government departments as well as various other clients. Unlike some other debt collection agencies, Akinita does not ‘buy’ debts off their clients, then keep however much of the debt they are able to collect. On the contrary, if Akinika is trying to collect from you, your debt is still owed to their client (e.g. HMRC, or your bank) and not directly to Akinika.

Why is Akinika Debt Collection contacting me?

If you have received a letter or phone call from Akinika Debt Collectors, this signals that you owe money to one of their clients and they have been asked to collect that from you. Generally, Akinika Debt will seek to either arrange a repayment plan or collect all of the money owed right away if possible.

Are Akinika Debt Collectors Legit?

Yes. Akinika is an established firm of debt collectors representing a number of clients in the UK. However, this doesn’t guarantee that the details of your debt are completely correct as even agencies and creditors sometimes make mistakes. It may be worth checking with the company you owe the debt to (e.g. HMRC) to confirm the amount owed, the reason, and other key details. Check Debt Buffer for letter templates that might be useful when you’re contacting creditors, or use our AI chatbot to see if we can help

Are Akinika Debt Recovery Ltd bailiffs?

No. Akinika is not bailiffs, but they work with county courts. If a judgement is made against you in court, the court could send bailiffs to collect your possessions in order to repay the debt. This is the end of a long process of trying to collect the debt, however, and you have lots of time to discuss the situation with Akinika before this happens.

Can Akinika Debt Recovery Ltd take you to court?

Yes. Akinika can take you to court, but they usually attempt to work out a repayment plan with you first. A County Court Judgement (CCJ) is the last resort. You would normally receive several letters and calls from Akinika before the situation gets to that point so it’s unlikely that a CCJ would come as a surprise.

You should have time to come to an arrangement with a debt collector before things get this far because a CCJ can be enforced by a bailiff (i.e. if you still don’t pay, bailiffs could come to your home and try to take your possessions to pay the debt.) This stays on your credit record for six years after it’s issued.

How Debt Buffer Helps

Debt Harm

We help you realise & address the harm bad debt does to your mental & physical health

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Deft Letter

We help you gain extra time to arrange your finances and also handle debt collectors or bailiffs through our letter creation service.

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Deft Easy

We help you understand your options based on your circumstances and the information you tell us. No BS.

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Can Akinika Debt Recovery Ltd issue a warrant?

Absolutely not. You can’t be arrested or go to jail for debts owed to debt collectors, so Akinika can’t issue a warrant or have you sent to prison.

Can Akinika Debt Recovery Ltd come to your house?

Yes. Like any company, Akinika can, and sometimes do, send agents to your house. You don’t have to let them in, however. You don’t have to answer the door or even speak to them if you would prefer not to. Akinika usually prefers to make phone calls rather than sending someone to your doorstep.

Can Akinika Debt Recovery Ltd force entry?

No. It would be illegal for Akinika employees to force entry to your house. However, if they have taken you to court and you have received a CCJ, the court may instruct bailiffs to come to your home. Bailiffs are sometimes allowed to force entry but only as a last resort and only for certain types of debts, like unpaid criminal fines, income tax, or stamp duty.

What does Akinika Debt Collection Ltd’s process look like?

Akinika has an eight-step collection process. This starts with your creditor passing your debt on to them. Akinika follows up with a letter to you, then a phone call. They continue sending letters and making calls until they manage to reach you. Later, letters outline your options, which may include Akinika taking legal action. Akinika state that their next step is to understand your personal circumstances and how much you can afford to repay. They then formally agree on a repayment plan with you. They review the agreement regularly and adapt it to changes in your circumstances as well as making sure they collect any missed payments. Akinika keeps this agreement in place until the debt is collected.

Debt Buffer can help inform you about the options available to you to deal with your debts. This includes writing letters to creditors that can ensure you’re treated fairly and can buy you additional time to make payments. Take some time to look around the site, find the course of action that is right for you, and use our AI Chatbot to for further guidance.

Frequently Asked Questions about needing Debt Help

What is the best way of dealing with my debts?

If you are struggling with debts that are impacting you or your families quality of life then simply put, its time to put yourself first and make some clinical and calculated financial decisions. If you are being chased by collections agencies or have bailiffs banging on the front door, its a terribly stressful situation and no way to live. Our simple advice to anyone in this situation is seek the route that most easily takes away the stresses of being chased for debts and allows you to enjoy more of your income. Our priority is helping you find a solution that creates a buffer between you and your debts.

What is an IVA?

Depending on your circumstances you might be eligible to take out a Government approved scheme for reducing your monthly debt payments and writing off up to 90% of your debts at the end of the scheme. Your creditors have to agree and you must have more than £6000 of debt and enough income to be able to meet your new agreed payment. Read our guide to IVA’s for more details

Is an IVA worth it?

That’s going to depend on your individual circumstances and whether or not the various pro’s and con’s of an IVA are worth it for you. For most people who simply cannot carry on with debt that has become unmanageable, being able to reduce payments down to an agreed fixed amount that you can certainly afford, and at the end of the fixed period having the bulk of your debts written off is certainly worth it. However, careful consideration needs to be given to other solutions such as Bankruptcy, Debt Management Plans or Debt consolidation loans or mortgages. Everyone is different so you must put yourself and your needs first.

How does an IVA work?

An Individual Voluntary Arrangement, or IVA, is a formal, legally binding debt solution, which is a form of insolvency. It must be administered by a licensed Insolvency Practitioner. As an alternative to becoming Bankrupt, It allows you to potentially write-off up to 90% of your existing debts, based on what you can reasonably afford to repay. The exact amount will vary depending on your personal circumstances, and who you choose to arrange your IVA.
An IVA commits you to monthly repayments over 5 or 6 years, which are distributed among your creditors. Any debts remaining after this period will then be written off. The payments will take into account your monthly income to ensure that the IVA is realistic and affordable.

WHY PAY MORE?

26 years & 8 months, that’s how long it will take someone to pay off the average UK credit card debt, just on minimum payments.

If you are drowning in debt and are being forced to choose debt payments over food, clothes or rent, it’s time to take back control of your life and your money.

Put yourself first, get back in control of your finances.

Choose DebtBuffer, Choose life.

Are you ready?

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