London, England-based Debts Management UK announces the launch of a service designed to stop debt collection harassment. This new offering aims to provide clients with expert advice on how to stop intrusive and inappropriate calls from aggressive debt collectors.
More information about Debts Management UK is available via https://www.debtsmanagementuk.co.uk/carsuk.
The new service aims to help clients cease bullying behaviour from creditors or their collection agencies. The company says this offering has become especially apt given the economic hardships brought about by the current pandemic.
These actions are often undertaken by large-scale debt collectors such as Credit Link, Robinson Way, and Arrow Global Ltd. Visit https://www.debtsmanagementuk.co.uk/robinson-way for more information on such entities.
The company says that the best way to stop the harassment is to file for an Individual Voluntary Arrangement (IVA), in which debtors work with insolvency practitioners to create a loan repayment plan. Interested parties may reach out to Debts Management UK for advice on how to apply for an IVA.
The company says that debt collectors usually resort to pressuring tactics to get debtors to pay back loans. This often includes forcing them to take out loans from unscrupulous sources such as loan sharks.
Many of the victims also experience abusive treatment, such as receiving threatening phone calls, debt collectors appearing at their workplace, or having their names published to shame them. Debts Management UK highlights that all of these are beyond the lawful means of debt collection.
Debts Management UK adds that its service is suited for people who have lost their jobs and thus cannot repay their debts. Likewise, it also assists entrepreneurs whose companies have closed and are now being threatened by creditors to pay back business loans.
A representative from the firm says: “Debtors aren’t trying to run away from their obligations—they simply can’t pay them back at the moment. Our service gives people back their peace of mind by making sure this financial harassment stops.”
More information about Debts Management UK and its services is available through https://www.debtsmanagementuk.co.uk/arrow-global.
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