Who are BW Legal Debt Collectors?
BW Legal are one of the largest debt recovery agencies with offices in Leeds they collect debts across the UK, pursuing debts for companies and seeking payments from debtors on their behalf. This can include sending letters, phone calls, debt collection agents and even through legal action.
Why are BW Legal contacting me?
BW Legal are a debt recovery agency who pursue outstanding debts on behalf of companies who are unable to recovery payments. They recover debts for a variety of UK companies ranging from HMRC (the government) to 02, EE and Virgin Media, they do not own the debts themselves and work as a recovery service for the creditors they are employed by. If you have received letters or contact from BW Legal, chances are your creditors have passed your debts over to them for recovery.
Is contact from BW Legal serious?
Yes, receiving a letter or call from BW Legal should be taken seriously. BW Legal are a legitimate debt collection agency registered and regulated by the Financial Conduct Authority (FCA) and the Solicitors Regulation Authority, meaning they have dual regulation to ensure full standards and protections are met for clients and customers.
This means they can legally pursue your unpaid debts through letters, calls and other means to recover your outstanding debts. After contacting you, BW Legal will continue to seek payment from you through various methods, even escalating to legal action if you fail to respond to requests.
Can a debt management plan stop BW Legal contact?
Dealing with debt collection services on your own can be daunting and it’s hard to know what options are available. Luckily, a debt management plan may be able to help. By contacting a debt advice company, like MoneyPlus Advice, we can offer advice and set up a debt management plan that can help lower your monthly payments and find a repayment method that works for you.
More importantly, we can deal with your creditors and debt collectors on your behalf, protecting you from future contact and potential bailiff and court hearings from BW Legal. MoneyPlus Advice can offer judgement and jargon free financial advice, that helps you deal with creditors and handle your outstanding debts.
I have received a letter from BW Legal what does this mean?
If you have received a letter from BW Legal, it is likely that your creditors have passed your outstanding debts to BW Legal for recovery. This letter will include a request for the outstanding debt repayment as well as any addition fees and interested applied by BW Legal.
It is important to take action after receiving this letter, BW Legal will continue to apply pressure to receive payments and any attempts to ignore their requests could ultimately lead to further debts with continued interest and arrears fees, BW Legal may also send debt collection agents to your house if you continue to ignore these requests. This why contacting a debt advice company as soon as possible is an important step.
BW Legal are sending debt collectors to my house, what should I do?
Do not let debt collectors into your home. It’s vital to remember that debt collectors cannot legally enter your home and cease your property without legal due process. Debt collectors may enforce intimidation tactics or threats to receive payment from you but it’s important to remember your legal protections when dealing with debt collectors.
Remember that debt collection agents are not bailiffs, who act on behalf of courts to enforce legal action on property. It is illegal for debt collectors to mislead you in this regard, and they must clearly state who they are representing upon visiting your home.
Though it’s important to remember that BW Legal will continue to seek payments from you and once debt collectors are sent, the company may move ahead with legal action against you as a final effort to recover your debts. While you may be able to keep BW Legal collectors away from your property in the short term, repaying your debts or entering a debt plan is the only way to completely stop further action.
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Will BW Legal repossess my home?
Losing your home to BW Legal is unlikely, however, it can happen if your outstanding debt is secured against your home.
When looking to obtain unsecured debts, BW Legal will require a court order known as a charging order before being allowed to repossess your valuables and property.
It’s important to seek debt advice before your arears with BW Legal proceed to this point, if you have received letters, phone calls or visits from BW Legal agents requesting payment you should get in contact with MoneyPlus Advice before legal action is taken against you.
What debt plans can help stop BW Legal from contacting me further?
There are many debt management plans that can protect you from creditors and recovery agents such as BW Legal. When signing up to most debt management plans, you become legally protected from creditor contact and all payments and interaction with creditors is handled by your advisor at MoneyPlus Advice.
There are a number of Debt Management Plans that can help you more manageably repay your debts, these include:
Individual Voluntary Arrangement (IVA)
An Individual Voluntary arrangement is a form of insolvency that allows you to write off up to 80% of your debt as an alternative to bankruptcy.
Once entered, creditors can no longer contact you directly as all contact goes through your debt management company (us!)
After making repayments over a set time, any remaining debt is officially written off.
Debt Management Plan (DMP)
A debt management plan is an informal agreement between you and your creditors to payback your debts, put in place between you or a third party to help reduce your monthly repayments to creditors.
Unlike some other debt solutions, a DMP is not legally binding. Through a breakdown of your income and monthly spend, a monthly payment amount of proposed based on what you can more manageably afford, usually over an extended period.
What if I can’t afford to pay BW Legal?
If you have the money to repay your outstanding debts to BW Legal, it’s best to repay them before things escalate to further contact or legal actions.
If you are unable to make your payment, a debt plan may be your best option. A debt advisor will work out a debt repayment plan, allow you to repay only what you can afford back towards your debts each month.
An IVA with MoneyPlus Advice could cut your monthly repayments by £239 a month, allowing you to repay your debts in a manageable, easy monthly instalment.
How do I stop contact from BW Legal?
As BW Legal are an FCA and SRA authorised debt collection agency, they are legally allowed contact you in multiple ways to try and recover outstanding debt payments from you. It’s important to remember that BW Legal are not legally allowed to harass or intimidate you and try to bully a customer into paying or contact you at unreasonable times.
What a reasonable time means may be unfortunately broad and early morning/ evening calls could be expected. Debt collection companies cannot contact you before 8am in the morning or after 9pm at night, unless given express permission to do so.
Under current regulations you can specify some of the ways you wish to be contacted by your creditors, including specifying reasonable contact times and denying contact through call or email (though they can still contact you through letters)
BW Legal will continue to pursue you until a payment is made or you get in touch with a debt advisor to contact BW Legal on your behalf. Speaking to a financial advisor can help put a debt repayment plan is place between you and BW Legal. Once a Debt Repayment Plan is reached and your plan is approved you will be legally protected from creditor contact and BW Legal will be unable to contact you further.
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How do I get help with BW Legal?
If you have received contact from BW Legal getting in touch with MoneyPlus Advice today is the best course for dealing with the Debt Recovery service. Our website can tell you in ten minutes if you are eligible for a debt plan and the sooner you get in touch, the sooner you can be ahead of your debts.
Don’t put off getting ahead of your debts, get in touch with MoneyPlus and live better today.
Still unsure or want to know more?
That’s where our advisors come in, our expert debt advice team can help you find a solution that works for you. If you think a Debt Management Plan could be right for you, get in touch now.
At MoneyPlus we understand that every financial situation is different, and approach every customer with the care and individuality that they deserve.
So, get in touch today and start living better with MoneyPlus Advice.