Who are Moorcroft Debt Recovery?

Moorcroft Debt Recovery are one of the UK’s largest and most well-established debt recovery agencies. Moorcroft purchase debts for companies and seek payments from debtors on their behalf. This includes sending letters, debt collectors and legal action. The company collects defaulted or ‘bad’ debts, for a large variety of UK creditors and financial companies.

Why are Moorcroft contacting me?

Moorcroft are a debt collection agency, who buy up outstanding debt from companies at a discount, taking responsibility for the recovery of the currently unpaid debts. If you have received letters or contact from Moorcroft, chances are your creditors have passed your debts over to Moorcroft.

Is contact from Moorcroft serious?

Yes, receiving a letter or call from Moorcroft should be taken seriously. Moorcroft are a legitimate debt collection agency registered and regulated by the Financial Conduct Authority (FCA) the company can and will pursue your unpaid debts through arrears.

After contacting you, Moorcroft will continue to seek your outstanding debts from you.

This contact can escalate to sending debt collection agents to your property, the ceasing of property and in the extreme legal action and court hearings. Contact from Moorcroft should be taken seriously and ignoring this contact can have consequences.

Can a debt management plan stop Moorcroft contact?

Dealing with debt collection services on your own can be daunting and it’s hard to know what to do. Luckily a debt management plan can 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 Moorcroft. MoneyPlus Advice offers judgement and jargon free financial advice, that helps you deal with your debts.

I have received a letter from Moorcroft Group – what does this mean?

If you have received a letter from Moorcroft, it is likely that your creditors have sold off your outstanding debts to Moorcroft.

This letter will include a request for the outstanding debt repayment as well as addition fees and interested applied by Moorcroft Group.

It is important to take action after receiving this letter, Moorcroft will continue to apply pressure to receive payments and any attempts to ignore their requests will ultimately lead you into larger debts and the agency will send bailiffs to your house if you continue to ignore these requests. This why contacting a debt advice company as soon as possible is important.

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

Do not let debt collectors into your home. It’s vitally important 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 its important to remember your legal protections.

Though its important to remember that Moorcroft 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 Moorcroft collectors away from your property in the short term, a debt plan is the only way to completely story further action.

Will Moorcroft Debt Recovery repossess my home?

Loosing your home to Moorcroft is unlikely, however, it can happen if your outstanding debt is secured against your home.

When looking to obtain unsecured debts, Moorcroft 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 Moorcroft proceed to this point, if you have received letters, phone calls or visits from Moorcroft agents requesting payment you should get in contact with MoneyPlus Advice before legal action is taken against you.

What debt advice plans can help stop Moorcroft Debt recovery from contacting me further?

There are many debt solutions that can protect you from creditors and recovery agents such as Moorcroft Group. 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 Moorcroft Debt Recovery?

If you have the money to repay your outstanding debts to Moorcroft, 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 Moorcroft Debt Recovery?

As Moorcroft Group are an FCA authorised debt collection agency, they can legally contact you in multiple ways to try and recover payments from you. It’s important to remember that Moorcroft 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/late evening calls could be expected.
Moorcroft will continue to pursue you until a payment is made or you get in touch with a debt advisor to contact Moorcroft on your behalf. Speaking to a financial advisor can help put a debt repayment plan is place between you and Moorcroft.

Once a Debt Repayment Plan is reached and your plan is approved you will be legally protected from creditor contact and Moorcroft will be unable to contact you further.

How do I get help with Moorcroft Debt Recovery?

If you have received contact from Moorcroft Debt Recovery 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.