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.

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.

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