Who are CL Finance?

CL Finance is a debt collection agency that specialises in purchasing and collecting outstanding debts from various creditors, such as banks, credit card companies, and other financial institutions. Once CL Finance acquires a debt, they become responsible for collecting the owed amount from the debtor.

Why are CL Finance contacting me?

CL Finance may be contacting you because they have purchased a debt that you owe to a previous creditor. This means that you now owe the outstanding amount to CL Finance, and they are attempting to recover this debt.

Is contact from CL Finance serious?

Contact from CL Finance is serious. Ignoring their communication can lead to further action, including additional fees, legal proceedings, and a negative impact on your credit score. It is important to address their contact promptly and seek advice if needed.

Can a Debt Management Plan stop CL Finance?

A Debt Management Plan (DMP) can help manage your debt repayments by consolidating them into a single, affordable monthly payment. While a DMP may not stop CL Finance from contacting you altogether, it can help you gain control over your debts and potentially reduce the pressure from creditors.

I have received a letter from CL Finance, what does this mean?

Receiving a letter from CL Finance indicates that they are attempting to recover a debt from you. The letter will typically outline the amount owed, the original creditor, and the steps you need to take to resolve the debt. It’s important to read the letter carefully and respond accordingly.

What rights do I have against CL Finance?

You have several rights when dealing with debt collection agencies like CL Finance. These include the right to be treated fairly and not be harassed, the right to request proof of debt, and the right to negotiate a repayment plan. If you believe your rights are being violated, you can file a complaint with the Financial Ombudsman Service.

CL Finance are sending debt collectors to my house, what should I do?

If CL Finance is sending debt collectors to your house, you have the right to ask them to leave your property. They are not allowed to enter your home without permission. It’s advisable to communicate with them in writing and seek advice from a debt organisation to handle the situation appropriately.

Will CL Finance repossess my home?

Debt collection agencies like CL Finance do not have the authority to repossess your home. However, if the debt is substantial and remains unpaid, they make take leal action, which could potentially lead to repossession if the court grants such an order.

What Debt Management Plans can help stop CL Finance from contacting me further?

Several DMPs can help manage your debt and reduce contact from creditors like CL Finance. These include informal arrangements, Individual Voluntary Arrangements (IVAs), and Debt Relief Orders (DROs). Speaking with a debt advice service can help determine the best option for your situation.

What if I can’t afford to pay CL Finance?

If you are unable to pay CL Finance, it’s important to communicate with them and explain your financial situation. They may be willing to negotiate a more manageable repayment plan. Additionally, seeking advice from a debt advice organisation can provide you with options and support to handle your debts effectively.

If you’d like to speak with an expert debt advisor about debt solutions, you can contact MoneyPlus today.

Important: Please note that MoneyPlus are not associated with CL Finance Ltd in any way. The information on this page is provided to help consumers contact their creditors. If you’re finding it difficult to make your monthly payments to CL Finance Ltd you may need help managing your debt.