PCO Holdco Sarl’s remit is to pursue debtors to collect monies owed to businesses and organisations including HMRC as well as individuals. PCO Holdco Sarl is a member of the Credit Services Association and has an accreditation (CSA’s Collector Accreditation Initiative) which demonstrates its knowledge and understanding of industry compliance, ensuring it operates in a fair and legal way.
PCO Holdco Sarl’s remit is to pursue debtors to collect monies owed to businesses and organisations including HMRC as well as individuals. PCO Holdco Sarl will collect monies such as unpaid tax and tax credit overpayments on behalf of HMRC.
There’s a possibility that your account has been handed to PCO Holdco Sarl for overseeing, and this is because you owe money to an individual or organisation. You may not initially recognise the company name as it’s not one you will have corresponded with before – however, your debt may be dealt with by PCO Holdco Sarl, a debt collection agency.
Yes, the organisation is legitimate and acts on behalf of a number of government bodies and well-known enterprises. PCO Holdco Sarl is a member of the Credit Services Association and has an accreditation (CSA’s Collector Accreditation Initiative) which demonstrates its knowledge and understanding of industry compliance, ensuring it operates in a fair and legal way.
If you have debt with a number of organisations, PCO Holdco Sarl will make attempts to recover the monies. The companies and organisations include HMRC, O2, EE and Virgin Media and if you have outstanding parking tickets, catalogue debt or payday loan debt, you will be contacted by PCO Holdco Sarl.
It is best practice not to ignore letters or calls, but do seek advice before taking action. PCO Holdco Sarl will allow you time to weight up your debt management options. Always communicate your choices and inform PCO Holdco Sarl of your plans. Most importantly, debt will not disappear without a plan, and can mount up. It’s essential not to ignore letters and calls, otherwise, further action may be taken which will damage your credit rating.
PCO Holdco Sarl may be legally required to forward correspondence to you so you cannot prevent contact. You may indicate your preferences, however, and you can opt to receive letters rather than phone calls which can be a little less stressful.
Some debts have a time limit according to the Limitation Act 1980. That limit is usually six years in England and five years in Scotland. The debt begins from the last time a payment was made or from the time when you acknowledged the debt in writing. After this point, the debt will be considered as statute-barred. That means that the law states that the debt can not be enforced any longer.
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Yes, if you are capable of paying the debt, you should, in order to stop the constant calls and letters. It will also be a weight off your mind.
If you are struggling, it’s best to communicate with PCO Holdco Sarl and agree on a payment plan and timeframe. The payment should be affordable and you should demonstrate that you are able to pay.
You can manage your debt via an individual voluntary arrangement (IVA) This will consolidate all your existing unsecured debt and you then make monthly repayment towards this over roughly 60 months. At the end of the payment period, any outstanding debt is written off.
If you owe debt and you do not pay, you can be sued by PCO Holdco Sarl. If the organisation wins, the court will issue a judgment or order against you that states you must pay the accumulated debt. However, if your money and property are protected, then creditors are not permitted to remove them from you. It’s important to seek advice and guidance in this particular area.
It is unlikely that you would lose your home as there are a number of steps that have to be taken first in the debt recovery process. Always obtain advice first and be open and honest with the creditor.
If you feel you have been treated unfairly, there is a complaints process. You may make the initial complaint directly to PCO Holdco Sarl using the contact information on the website. If you are not satisfied with the answer to the complaint forwarded to PCO Holdco Sarl, you can refer the issue to the Financial Conduct Authority (FCA) or the Credit Services Association (CSA.)
The DebtBuffer site can help you to put together a letter to creditors to ensure you are treated fairly. In addition, an AI chatbot is available to help people understand the various debt options available to them. The chatbot will ask you to answer a series of questions to see if you are suitable to benefit from a specific solution that will assist you in managing any debt you may owe.