Debt Collection Laws in the UK

The information provided in this video is for editorial purposes only and not intended as financial advice. Free debt counselling, debt adjusting and providing of credit information services are available from MoneyHelper, an independent service set up to help people manage their money. You can find out more by contacting MoneyHelper. MoneyNerd is not associated with MoneyHelper, we just think they're great.

MoneyNerd does not give specific debt advice and we recommend that you always discuss your personal situation with a qualified adviser that works for a company that is authorised and regulated by the Financial Conduct Authority. With your consent MoneyNerd may pass you on to a trusted debt counselling company or insolvency practitioner. MoneyNerd Limited is an Introducer Appointed Representative of Pacific Financial Solutions Ltd who is authorised and regulated by the Financial Conduct Authority (Firm Reference Number 688034) and is classed as a debt counselling firm. Their in house IPs are Jason Bowen who is authorised to Act in the UK by the Institute of Chartered Accountants of Scotland (ICAS). Licence no. 22150 and Laura Stewart who is authorised to Act as in the UK by the Insolvency Practitioners Association (IPA). Licence no. 23590.

[robwembley]

Thank you for putting this video together.
It is very greatly appreciated !

[LordMarvin]

Hellix disclosed my debt to a family member, still havent responded to my complaint

[TheMetyx]

@TheMetyx
0 seconds ago
How long debt collectors can chase me if overpayment of tax credit was for 2014- 2015 tax year, and now we are in 2023 ? Will they chase me a broad (out of UK) ?

[Royal-Jaywick]

Well council det is no one’s as no one sighn the contract

[billjohnson]

Can you get them to take you to court rather than hound you for months or even years. I want to move in a year and don't want this to be an opportunity for them to start court action without me knowing and I don't want to give them my new address especially if they haven't taken it to the next step in a whole year

[ClusterBombed]

What proof must they provide & what constitutes as “sufficient?”.. my bank sold my credit card debt with zero pre warning. I’ve had a comp chasing me for 3 years. Nothing has happened. Would that suggest they in fact don’t have what they need to force payment? Is it a case of them needing my signature on their contract? They tried to get me to sign up to a payment plan. Which I did try to do, but they never responded to my request. So I left it in their court. No more than texts and calls, which I just ignore. Get the odd letter, just asking me to get in touch with them again. Do I have legal right to continue to ignore?

[rhythm_kumawat]

Hello, What if a person who is an indian hcitizen took a massive unsecured business loan in the United kingdom and moved back to india without paying? Can they chase in india who does it work?? What legal action could be taken on the person thanks !