You may have heard of collection agencies such as Walker Love. This is because they collect debts on behalf of other companies. Before you hire a collection agency, check the information provided by the collection agency. You should be able to check the amount owed and confirm which company is responsible for collecting it. You can also cross-reference the information with your personal records to ensure that you are dealing with a legitimate agency.
If you can’t pay your debts, Walker Love can use a method called bank arrestment. This freezes funds in your account until the debt is paid. They can also halt direct debits and stop standing orders. Once 14 weeks have passed, they can release the funds. However, this method can make it difficult for you to pay back your debts. The bank may not notify you that your account has been frozen, and you might not even realize that Walker Love is trying to collect your money.
To avoid Walker Love, arrange for a debt payment programme. These programmes will give you a period of time when you can pay back your debts and avoid arrest. If you do decide to use an arrestment scheme, make sure to follow the advice given in your attachment of goods pack. It’s important to remember that you should keep your personal property and possessions safe.
There are many types of debt collection agencies. One of the most popular in Scotland is Walker Love, and they work in all six Sheriffdoms. If you find a collection agency that you’re worried about, you can use MoneyNerd to find out which ones are active in your area. However, you’ll need to put your request in writing.
The Financial Ombudsman Service will investigate complaints about Walker Love. Also, you can contact the CSA, the trade association for the Debt Collection industry. It’s important to understand that a collection agency is not a bailiff and cannot enter your home without a court order. In some cases, Walker Love will instruct an Enforcement Agent to collect a debt. Enforcement agents are given broader powers than normal Debt Collectors, and may even be able to seize vehicles or other property.
In order for a Walker Love debt collector to enter your home, you need to provide them with proper identification and documentation. Remember that they may need to force your door or break a lock in order to enter your property. If you refuse to allow them to enter your home, you may be charged with obstructing an officer of the court or breach of peace.
If a debt collector cannot collect a debt in its entirety, it can apply for a summary warrant. This can result in a court order for the debtor to pay. The debtor will have to pay up to 10 percent of the debt if they do not comply.