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Can’t Pay My Debt With Moorcroft Debt Recovery

The process of retrieving unpaid credit card bills, catalogue debt and loan arrears is often outsourced to independent debt collection companies. Moorcroft Debt Recovery is just one of the many UK Debt Collection companies that are using aggressive tactics to recover money owed.

Constant phone calls from private or unrecognised numbers, ‘urgent’ text messages and threatening letters are all a blatant attempt to cause enough distress to the debtor that they feel they have no option but to pay what they are asking.  

The truth is that in 2018, debt collectors have become more aggressive businesses than ever and there have been numerous instances where illegal activity has been reported. They target, at times, vulnerable people and apply what can only be described as bullying tactics in order to make a quick and substantial profit.

If you’re victim to any of these tactics then don’t fear, there are other options, so read the following.

Being harassed by Moorcroft Debt Recovery?

Please read the following information before answering their calls.

Think they are just trying to help you avoid legal action? Think again!

Don’t Pay Moorcroft Debt Recovery

If you have any experience with Moorcroft debt recovery, you will understand how their behaviour stretches beyond what can be considered reasonable, both in terms of morals and in many cases the eyes of the law.

In this blog post, we’ll be breaking down their business model, and exposing how their practices are not only illegitimate but the way that they gather your debt information is bordering on illegal! Don’t forget that, as much as they may project that they have the power, this isn’t true and it is you who is in control!

  • How Do Moorcroft Debt Recovery Work As A Business?
  • There have been numerous investigations into these types of businesses; some have shown that the staff members of the call centres start their day by having a morning meeting. In the meeting, they’re given tactics and techniques all designed to pile the pressure on and get you, the innocent party to pay up, under any means necessary. They are told to speak about your personal life, saying that they have the power to call your neighbours, colleagues or even your manager at work to demand money. They tell people “if you can’t pay today then we will organise to have your parent’s car taken to settle your debt.” The staff members are told how much money they’re expected to make in that day and this is their priority, so attempting to reason or negotiate with them is a hopeless endeavour… so just hang up the phone and don’t do it!

 

  • Where do they even get the debts?
  • It’s simple, they bulk buy them. They have a team of salespeople who contact various businesses such as mobile phone operators, banks, universities, catalogue companies and various others and buy a large collection of the debt… in return for a percentage of the debt. In essence, if you become indebted to a catalogue company for a figure of £1,500, the debt collection agency will purchase that debt for a small percentage, roughly £250-300. However when collecting, they will demand that you pay the full amount, plus their own fees so stand to collect over £2,000. This perhaps explains why they’re willing to employ bully tactics in order to profit so much.

They’re interested in profit and profit alone

Moorcroft Debt Recovery is a business and they operate like one! Just like any other business, their main objective is to make a profit. If you don’t pay, they don’t get paid. Their call centre operatives are likely paid commission for each debt settled. This is one of the reasons for their inappropriate and intrusive attempts at making contact with you. Staff will have targets to meet and securing payment from you will bring them closer to achieving those.

  • They will begin their bullying campaign by sending you an official-looking letter outlining the amount owed and any additional charges. These letters are written in a way that makes the recipient think they are official and legally binding. They are not! They are simply the first scare tactic adopted by such companies In many cases, they are directly misleading debtors and breaching OFT guidelines by making what appears to be an official document such as a court claims document.

 

  • After the letter, come the phone calls. Countless phone calls and text messages are made to all of your listed telephone numbers – home, mobile and even work numbers! There is no law to state that they cannot attempt to make contact with you via telephone…BUT…calling you at inappropriate times, requesting call-backs on premium rate numbers and exceeding a reasonable level of communication attempts are all illegal practices and all commonly carried out by companies like Moorcroft Debt Recovery. The contents of the phone calls are often questionable, referencing the previously highlighted “tactics” which their managers will have prepped them within their morning meetings.

Consider the psychological effect this would have on a vulnerable person, or someone who has numerous dependable – this tactic is simply a form of harassment, it is illegal and is something that you can stop.

You have two options: pay the requested amount or answer one of the many phone calls from Moorcroft Debt Recovery.

It is unlikely that you are in a position to pay the requested amount. If you were, then the debt would probably have been paid prior to Moorcroft Debt Recovery’s involvement. Even if you can pay, you should not do so if this will not leave you with adequate funds for priority bills and essentials.

Phone call with Moorcroft Debt Recovery

 

So, your only option is to answer the call and try to negotiate with Moorcroft Debt Recovery.  Wrong!

Moorcroft Debt Recovery has bought your debt from the original creditor for just a small percentage of the owed amount. Their goal is to try to retrieve the full amount from you in order to maximise their profits. Negotiating with Moorcroft Debt Recovery is not going to help them to achieve this. You are highly unlikely to come to a payment arrangement that is going to affordable for you and give them a decent amount of profit. The person calling you will have little or no interest in your personal circumstances.

Run out of options? Here’s a 3rd!

Thankfully, there is a 3rd option. If you’re being harassed by Moorcroft Debt Recovery and you can’t pay your debts to Moorcroft Debt Recovery, there is another company who are able to put a stop to the calls, letters and threats of legal action.

They can arrange for you to pay back your debts in affordable monthly instalments so that Moorcroft Debt Recovery has no further involvement and you are free to continue with your day-to-day life without the emotional and psychological stress caused by harassment from debt collectors. They might even be able to help you get rid of debt entirely! Click here to find out more

 

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