If you are struggling with unaffordable debts including those owed to Moorcroft Debt Recovery then you may be able to get help to get your finances back on track and reduce your overall debt level to an affordable level.
Trust Deed Scotland® offer qualified debt advice on all options for Scottish residents and advise the pros and cons of those solutions, should you be in financial difficulties and be in need of help.
Find out if you can write off your unaffordable debt and how much you could save with Trust Deed Scotland®. You could be debt free in 48 months.
If you have debt with Moorcroft Debt Recovery, then it is possible to get the interest and charges stopped and creditor contact stopped with many Scottish Debt Solutions.
In order to qualify for a Trust Deed, you must have at least £5,000 of unsecured debts.
✔️ Credit cards ✔️ Store cards ✔️ Personal loans ✔️ Bank overdrafts ✔️ Payday loans ✔️ Council tax arrears ✔️ Utility bill arrears ✔️ Shopping catalogues ✔️ Credit Unions ✔️ HMRC
In a Debt Arrangement Scheme this can further include some secured debts ✔️ Mortgage, Rent & Car Finance arrears (Optional – Missed payments only, terms and conditions apply – ask us for details)
Debts than cannot be included are typically ❌ Student loans ❌ Court fines ❌ CSA/Child Maintenance arrears
You must be able to afford regular monthly repayments in order to qualify for Trust Deeds. Depending on your ability to repay, there are other alternatives open such as Debt Arrangement Schemes. Trust Deed Scotland® will describe the advantages and disadvantages of any solution that you may qualify for.
Moorcroft Debt Recovery is authorised and regulated by the Financial Conduct Authority and is a member of the official Credit Services Association body. Moorcroft Debt Recovery is enrolled in the CSA’s Collector Accreditation Initiative, which is an initiative designed to assess the debt collection agency and it’s employees understanding of industry compliance and regulation.
Most unsecured debts can legally be written off by a Trust Deed, however you need to qualify in order to do so. The Trust Deed will consolidate all your existing unsecured debt into one. Over a typical period of 48 months you make one lower, affordable monthly repayment towards this for a set period and then at the end of the term any remaining debt is legally written off.
Your Trustee deal with your creditors on your behalf as they are not allowed to harass you during the term of the Trust Deed. The average amount written off by a Trust Deed is usually 60%,however you could be able to write off up to 90% depending on your circumstances.
If your account has been passed to Moorcroft Debt Recovery, it’s because you owe money to another original creditor. As Moorcroft Debt Recovery is a debt collection agency with many such clients, they may collect on behalf of, or ‘buy’ debts from other lending companies and then chase you, the customer for payment. This is known as Debt Purchasing. At this point, you are no longer classified as a customer of the original lender but in fact as an asset of the new debt collection agency.
Therefore you will be experiencing more harassment in the shape of telephone calls, threatening letters and possible doorstop collection techniques.
Unfortunately, your debts won’t simply go away if were to continuously ignore them. Moorcroft Debt Recovery will continue to send you letters and add you to their dialler telephone system lists. Leaving these letters unopened, or calls unanswered, puts you at risk of Moorcroft Debt Recovery taking further action against you. You may receive visits from Moorcroft Debt Recovery’s doorstep collection agents at home, or they may begin court proceedings against you.
To a debt collection agency such as Moorcroft Debt Recovery it’s a numbers game, in which their goal is to profit from what they describe as a delinquent debt and will take any course of action open to them to make a return on their investment as such.
Moorcroft Debt Recovery is a debt collection agency – as such, its legal powers are no different from those of the original lender who previously owned your debt.
Moorcroft Debt Recovery can within reason, continue to chase you for repayment of the original monies. however Moorcroft Debt Recovery are not allowed to harass you or call you at unreasonable times.
As per the CSA guidelines, they must also respect any reasonable requests you make if you only want to be contacted at specified times.
Moorcroft Debt Recovery could send debt collection doorstep agents to your home if you fail to pay, however they are not official Sheriff Officers and cannot claim to be one, or act like they have the same enforcement capabilities. Doorstep agents that represent debt collection agencies can’t enter your home without permission and they can’t remove your goods. They must also leave your home if you ask them to.
Moorcroft Debt Recovery have to take you to court if they want to issue a Decree against you (Scotland’s equivalent to a County Court Judgement, more commonly known as a CCJ. Only at this point as they legally allowed to instruct Sheriff Officers to recover goods to the value of the debt. At this point, they may instead apply for an attachment of earnings order, or a charging order against your property.
You won’t be able to stop all contact from Moorcroft Debt Recovery, as some letters may be legally required to be sent to you. However, you can express your preferred contact method, such as only dealing with your debt in writing, instead of receiving telephone calls from them.
It is unlikely that you would lose your home as there are several steps that have to be taken first.
Unsecured debts such as credit cards and bank overdrafts are not secured against an asset, but if you continue to ignore Moorcroft Debt Recovery they could apply to the court system to have your debt secured against your home.
This is done with a Charging Order but only if you have a Decree issued against you as well.
If you rent privately, or through a housing association – there isn’t any action that can be taken that would result in you being evicted.
No. Not paying your unsecured debts isn’t a criminal offence. Only if you refuse to pay council tax in England, court fines or TV licencing. Even if it was possible to send someone to jail over non-payment of unsecured debts, It makes no sense for any creditor to take this action as your ability to repay would be critically impacted! A more likely final enforcement action would be an application to take the money back from your ways, with an earnings arrestment, bank arrestment or an attachment. If you are being threatened with an attachment of earnings, get in touch now.
If you don’t think that you can afford to pay, you need to inform Moorcroft Debt Recovery. If you catch it early, you may be able to come up with a realistic debt payment plan and realistic timescale with them. Contact Trust Deed Scotland® if you cannot afford to repay your debt to them and you have other debts.
Whatever the outcome, don’t commit to a debt repayment plan that you can’t afford. This will cause you more issues in the long-term. You need to avoid putting yourself in further potential further financial difficulties and pay your priority debts first and foremost. Priority debts are things like mortgage or rent. Council tax and utility bills. Contact us if you’re unsure.
You may have debts with more than one lender and it can feel as your debts are unmanageable. If you are struggling to cope, you are not alone. You could seek professional advice from qualified debt experts such as Trust Deed Scotland®. We’ve helped over 20,000 people for over a decade. Our advice is confidential and non-judgemental.
There are a number of ways to help you when you have debt problems in Scotland. You can contact Trust Deed Scotland to understand the pros and cons of the various options available to you based on your personal circumstances. We can discuss solutions such as:
Trust Deed – Repay affordable amounts over a fixed period of usually 48 months. The remainder will then be written off.
Debt Arrangement Scheme – A DAS helps you repay at an affordable rate. Once accepted, interest and charges will be legally frozen.
Sequestration -The Scottish equivalent of Bankruptcy. This has the most severe consequences and impact on your credit file but is being used by more and more people in Scotland as a way of achieving a life after debt.
Minimal Asset Process – Another form of Sequestration. if eligible, you might be able to get your debt written off.
If you feel Moorcroft Debt Recovery have treated you unfairly or you feel harassed, you can make a complaint to them via the following channels:
Telephone: 0161 475 2970
Post: 2 Spring Gardens, Stockport SK1 4AA
Once you have made your initial complaint to Moorcroft Debt Recovery and you are not satisfied with the outcome, you can then escalate your complaint to the FCA or CSA.
Telephone: 0300 1239 123
Post: The Financial Ombudsman Service, Exchange Tower, London, E14 9SR
Telephone: 0191 2170 775
Post: Credit Services Association Ltd, 2 Esh Plaza, Sir Bobby Robson Way, Great Park, Newcastle Upon Tyne, NE13 9BA
✔️ Can Moorcroft Debt Recovery come into my house?
Without a court order, absolutely not. Neither Moorcroft Debt Recovery or any other doorstep collection agent is considered a court-appointed Sheriff Officer. Moorcroft Debt Recovery may visit your address but cannot enter the dwelling without your consent. Like vampires!
✔️ I don’t think I owe the debt – what should I do?
You should contact Moorcroft Debt Recovery to discuss your account and find out where they bought your debt from. You can also check your own credit file with a credit reference agency to see any outstanding debts. You should have received a letter to your current address to advise this would happen. Have you moved house recently since you took on the original debt and not informed them? This is fairly common!
✔️ Can Moorcroft Debt Recovery take me to court?
If you do owe money to Moorcroft Debt Recovery and you don’t pay, then you can be subject to a Decree (CCJ in Scotland). If Moorcroft Debt Recovery has their decree claim granted, the court will enter a judgment (also called an order) against you that says you must pay back the debt and set the rate themselves. You can apply for ‘time to pay’ but before it escalates to this level you should get in touch with a qualified debt advisor such as Trust Deed Scotland®.
✔️ Will my credit rate be affected?
Yes. By the time it has reached debt collection level, you will have already received a default notice. This will be made worse if a decree is registered against you. New lenders will be able to see your credit history when they check your credit file. It will have a negative impact on your credit score if you have a poor repayment history. However, once you repay the debt, or complete a debt solution, your credit file will update accordingly.
✔️ I’ve had a letter from Moorcroft Debt Recovery for someone who no longer lives here – will I be affected?
No, if you’ve received a letter at your address for someone who no longer lives there, your credit file will not be affected – credit files are attached to individuals, rather than their addresses. However, it is in your interest to get this resolved otherwise you will continue to receive letters in their name. Debt collection agencies use tracing agents to find our new address information for individuals who owe debt. By informing them that the individual no longer lives there, you will expediate the process.
✔️ Does Moorcroft Debt Recovery buy debt?
Moorcroft Debt Recovery are a debt purchase and debt collection agency that buy and collect other lending companies debts, which is why you may not recognise their name . They actually can buy the debt for a fraction of the original debt (or charge a commission to collect the debt) and then chase you, the debtor for the full amount using all experience and resources open to them.
This page explains all you need to know about what a protected trust deed is and how to get one. If you’ve any questions, contact Trust Deed Scotland
First Floor, The Reel House, 7 West Regent St, Glasgow, G2 1RW
for free and confidential advice
0141 221 0999