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What To Do If You Get A Nasty Letter or Phone Call From:

HO Collections

 

HO Collections is a debt purchasing company or debt collecting company listed in the website of DBSG (The Debt Buyers and Sellers Group) and/or mentioned in consumer finance forms. They have a legitimate function as debt collections, but there is some indication that some such companies (not necessarily HO Collections), and especially the debt purchasing element, go a bit too far sometimes and can make people's lives a misery when those same people are at their most vulnerable. We do not suggest that they are acting outside the law, but getting that letter or phone call is not exactly helpful to you right now.

So the first thing you must do if HO Collections is bothering you is not to panic or despair. That's just what they want! They'd love you to call their number and speak to their specially trained sales team for 'advice'. But once you do that you'll be suggestible to whatever they tell you, instead of getting independent advice. While we always say that you should keep an open dialogue with debt collectors, we would recommend that you do so in writing only. This will prevent them 'railroading' you into any action which is not in your best interests, as they so love talking people into doing things on the spur of the moment. Of course, they are only doing their job, but that's hardly a consolation for you in the present situation.

There are several courses that are open to you, and some will suit your own situation better than others. You could use one of these, or even all of them if they are appropriate to your own circumstances.

But first of all, a warning: we DON'T recommend taking out a so-called 'consolidation loan', or at least think carefully if you are offered one. These are fine in some cases, and they look quite rosy in the short term, but they can easily get you in more difficulty than before; after all, this is more debt. Where would you be with this a few years down the line?

A more sensible option, we would suggest, is a debt management plan or even an IVA - which is designed to actually write off a large chunk of your unsecured debt. But you would need to take advice on this and look at your income and expenditure in detail. This option won't suit everyone. There's more on this below.

For a longer term loan you could apply for a 'logbook loan' which many people find a very handy option. It is actually a loan secured on your car, except you get to keep the car and keep the cash as well! That's why some people find it such a good idea, as it unlocks the equity in your vehicle without taking away your means of transport (there's no need to sell the car). To apply for a logbook loan click here.

Yet another option is a no credit-check guarantor loan. This is especially useful because your own credit rating is not looked at; you must find someone else willing to act as a guarantor for you such as a friend or family member. This is an ideal solution if you're at the stage where your credit profile has been downgraded by recent events, etc. So click the following link for Unsecured Loans that don't need you to be credit checked.

If you wanted to try a debt management plan, then we provide a whole-of-market service, with a number of debt management experts on our panel. So whatever your circumstances, your application will find the plan for you, meaning the optimum outcome for your situation. It also means there are no minimum requirements for debt levels or income.

NOTE: If you have at least two accounts in debt, and total debts of £2,000 or more, enter your details below to see if you qualify. (But if you owe less than this, or are on state benefits, then use this link to apply instead.)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

DPC Registry. Consumer Credit Licence number 633327.

 

 

 

Get a free QuickCreditScore check by applying here.

 

Ho Collections and the Truth About Your Debt

Assuming that you are having to deal with HO Collections you'll be aware of all the nasty tricks they use to get money out of you so that they can profit from your misery. You may have already experienced bad dealings with them. They may phone you up when they know it is inconvenient or even embarrassing for you and on an unacceptably numerous number of occasions. They may write official appearing nastily worded letters or cards threatening that they will come round to collect the amount in full or that they will take you to court for the full amount. Their other tricks could include attempting a charging order on your home or make you homeless.

So ask HO Collections for a copy of the original contract when you took out your loan or credit card.

To find out if you qualify for an IVA or can benefit from a debt management programme, try the IVA Test. It's free to apply, and again you are protected by the consumer laws regarding debt management at all stages. Click here to go to the application form.

 

 

 

More Data On HO Collections

 

If you have any information that you would like honest people to know about Ho Collections then send us an email in complete confidence and we will try to corroborate it with the clowns involved.

 

 

 

 

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Take a look at the Insolvency Service's leaflet called 'In Debt', downloadable here.

 

Registry of Debt Collectors

 

This Ho Collections website is part of DPC Registry website group. All rights reserved. Complaints Against HO Collections debt collectors.