The Moorcroft Group are not bailiffs. They are simply a debt collection agency. However, Moorcroft Debt Recovery has the power to request a county court judgement if you owe money and do not pay. The county court judgement may result in bailiffs being dispatched to your home.

How much do Moorcroft buy debt for?

They buy the debt for a few pence in the pound and then chase the debtor for the full amount. This was if they get 20% of the people they chase to pay, they have doubled their money.

Are you obligated to pay debt collectors?

Frequently, the sale of a debt from a creditor to a collector is sloppy. A collection agency hounding you may not be able to show they actually own your debt. If they cant, then you arent obligated to pay them. If you are morally opposed to paying someone other than the original creditor.

Who owns Moorcroft Debt Recovery?

Moorcroft Group Plc Who owns Moorcroft Debt Recovery Limited? Moorcroft Debt Recovery is owned by Moorcroft Group Plc – a company registered in England and Wales under company number: 01703704.

Do Moorcroft send bailiffs?

The Moorcroft Group are not bailiffs. They are simply a debt collection agency. If they send field agents to your home, legally they are not allowed to force entry. However, Moorcroft Debt Recovery has the power to request a county court judgement if you owe money and do not pay.

What happens if I ignore Moorcroft?

What happens if I simply ignore the Moorcroft Group? If you ignore Moorcroft debt recovery they will send written letters and continue to try to collect the debt from you. They might even send debt collectors round to your house.

What is the minimum amount that a collection agency will sue for?

When will a debt collector sue? Typically, debt collectors will only pursue legal action when the amount owed is in excess of $5,000, but they can sue for less.

What happens if you hang up on a debt collector?

Stopping collection calls FDCPA allows you to hang up on debt collectors. They have no recourse if you refuse to take their calls. Collectors violate FDCPA if they continue to call you. You can ask debt collectors to stop calling by requesting further communications in writing.

Do debts go away after 7 years?

Even though debts still exist after seven years, having them fall off your credit report can be beneficial to your credit score. Note that only negative information disappears from your credit report after seven years. Open positive accounts will stay on your credit report indefinitely.

What happens if you owe HMRC money?

Penalties for not paying HMRC charges interest on penalties. The penalty is 5% of the original amount you owe HMRC. Example if you havent paid after 30 days: Your income tax payment is £10,000 and was due by midnight on 31 January.