Global Debt Recovery collects for various organisations ranging from HMRC, EE, Virgin Media and Npower. Moreover, they collect loans on behalf of credit card and payday loan companies. Global Debt Recovery has membership within the Credit Services Association and is also approved for the CSA’s Collector Accreditation Initiative.
Global Debt Recovery is chasing you because it is likely that your account has been directed to them due to unpaid debt. It can be confusing if this organisation does not sound familiar. This is because your debt is tied to another creditor and Global Debt Recovery has been tasked by that company to collect the payment.
Yes, Global Debt Recovery has membership within the Credit Services Association and is also approved for the CSA’s Collector Accreditation Initiative. Global Debt Recovery’s core tasks centre around them collecting debts owed to corporations, organisations and individuals.
Global Debt Recovery collects for various organisations ranging from HMRC, EE, Virgin Media and Npower. Moreover, they collect loans on behalf of credit card and payday loan companies. If these loans have been defaulted upon, they collect those too.
However, they also collect debt “bundles” which means that they may buy the debt from a creditor at a reduced price and they become the owner of a relatively larger debt.
Inaction is likely not the best solution going forward as ignored debts do not disappear and will inevitably escalate. Global Debt Recovery should give you time to assess your debt management options, meaning it can be helpful to engage with them. Ignoring letters for a prolonged period of time can result in Global Debt Recovery scaling up actions against you.
No, it is not possible to prevent them from contacting you. They have legal status when corresponding with you. On the other hand, you can communicate your contact preferences with them, whether this is a preference for receiving information in written form or by telephone.
If you have confirmed that the debt is yours to pay and it is not time-barred then you are legally responsible to pay for it. Paying off the debt sooner will quicken the end of Global Debt Recovery chasing you with calls and letters.
Some debts have a time limit; most debts in England having a limit of six years and five years in Scotland. The “clock” starts running from the last time you acknowledged the debt. Acknowledgement of the debt could be in various forms such as writing to the creditor or making a payment against the debt. After the time limit above, if indeed the debt is statute-barred then the debt can no longer be enforced.
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It is possible to write off some debts when using the appropriate plan to do so. In Northern Ireland, England and Wales there is a scheme called an individual voluntary arrangement (IVA.) The IVA brings an individual’s unsecured debt into a bundled single debt. The person then makes affordable monthly repayments towards the debt for a period of time (generally 60 months). At the end of the set time period, any remaining debt is legally written off. Scotland’s scheme, called the protected trust deed, is similar to an IVA but the time period is generally 48 months rather than 60 months.
Talking to Global Debt Recovery is the first option you may consider. They could come up with a payment plan that may be acceptable for both parties. Ideally, the timescales should be realistic to enable you to pay off any debts without penalising you with unreasonable charges or interest rates.
As mentioned previously, an IVA is something that could be a way forward. Moreover, there are other options at your disposal such as a Debt Arrangement Scheme, Debt Consolidation Loan and Minimal Asset Process, etc.
They are a debt collection agency which means their powers are limited to those of the original creditor who previously managed the debt. Global Debt Recovery is allowed to chase down debt within reason i.e. not through harassment or calling at unwarranted times. It is possible that debt collection agents could be sent to your home if you fail to pay a debt. However, they are not bailiffs which means that they cannot enter your home without your permission or remove any of your property.
Global Debt Recovery is mostly dealing with unsecured debts which means they are not secured by an asset. However, it is possible if you seriously fall behind paying a debt that they go to the court and apply to have the debt secured against your home.
You can make a complaint directly to Global Debt Recovery by phone, post or email as listed below:
Phone: 0208 336 7100
Post: 8/12 Coombe Road, New Maiden, Surrey, KT3 4QE
If you feel they handled the compliant in an unsatisfactory manner then you can refer that complaint to the FCA or CSA:
The Financial Ombudsman Service, Exchange Tower, London, E14 9SR
Phone: 0300 1239 123
Credit Services Association Ltd, 2 Esh Plaza, Sir Bobby Robson Way,
Great Park, Newcastle Upon Tyne, NE13 9BA
Phone: 0191 2170 775
DebtBuffer helps people leverage more time with creditors and can assist you with fair treatment by writing letters on your behalf. The site has an AI chatbot that can assist people in understanding their debt options by asking various questions to swiftly assess an individual’s debts.