CRS debt collectors are also known as Credit Resource Solutions. Credit Resource Solutions are a debt collection agency based in the UK, authorised and regulated by the Financial Conduct Authority. They are a member of the Credit Services Association.
Who are CRS Debt Collectors?
CRS debt collectors are also known as Credit Resource Solutions. Credit Resource Solutions are a debt collection agency based in the UK, authorised and regulated by the Financial Conduct Authority. They are a member of the Credit Services Association. Debt collection agencies work for creditors to collect the money which is owed to them.
Why you are being contacted by CRS Debt Collectors?
If you are contacted by CRS it is likely to be because they believe you owe a debt which they have been instructed to collect. The first step is to be sure that the debt does relate to you and that it is owed. It is not unheard of for debt collection agencies to write to several people with the same name when they are unsure where the debtor is living. You can write to CRS asking them to prove the debt is yours. Debtbuffer.com helps people with our letter writing service.
Can CRS take you to court?
Yes, CRS can take you to court on behalf of the organisations they are collecting debts for. If a debt is due and unpaid then creditors can take you to the County Court to request a County Court Judgment (also known as a CCJ.) The CCJ will set out a payment schedule to repay the amount covered by the judgment. Once a creditor has a CCJ then they have options available to them to enforce payment if you default on the payment schedule set out in the County Court Judgment. These options include instructing bailiffs to recover the debt, and/or applying for a charge against any property you own.
Are CRS bailiffs?
CRS are not bailiffs so they have no power to enter your house. If you are a private individual with personal debts then your creditors will need a County Court Judgment before they can instruct bailiffs. You would receive a copy of the Judgment and other warnings before the bailiffs attended.
Who does CRS apply to?
CRS is a debt collection agency which collects debts for numerous creditors. If you owe money on a utility bill, mobile phone account or credit card then you may find your debt is passed to them for collection. The information you receive from CRS should set out details of your original debt, including details of the company or individual who is claiming that you owe them money.
Should I pay CRS?
If you can afford to pay CRS then paying the debt in full will stop you being contacted again by them about that debt. Payment in full, or agreeing to an instalment plan, may be an option for you depending on your financial circumstances. If you need information about the options you may have our helpful AI chatbot will guide you through a series of questions to help you understand your options.
If you cannot pay then there may be several options available to you depending on your situation. These could include bankruptcy or an IVA, or a Trust Deed if you are in Scotland. With an IVA you make set payments towards your debts for a fixed period, usually 60 months. At the end of that period, any remaining debts are written off and you can make a fresh start.
What can CRS do?
CRS should comply with the guidelines for debt collection agencies set out by the Office for Fair Trading. In particular, along with other debt collection agencies, they should:
• Provide clear information and make sure any information they give is not confusing
• Treat people who owe debts fairly. They should not be aggressive, deceitful or oppressive when dealing with debtors. They have a duty to act proportionately and considerately while taking into account the circumstances of people who owe money.
CRS cannot enter your home without your permission. If they call at your home, you do not have to let them in.
Contact from agencies such as CRS can be distressing and difficult to deal with. Life is too short to bear the burden of debt. If you have been contacted by CRS or any other debt collection agency and you need help understanding the options you have to deal with your debts, explore the rest of the debtbuffer.com website and use our helpful AI chatbot. Depending on your circumstances you may be suitable for one of the options which will help you get on top of your financial situation by writing off some of your debts.