Should I Pay Clydesdale Financial Services Debt Collection?

If you’ve been contacted by Clydesdale Financial Services about a debt, you may feel worried. You might be wondering what to do next and how to handle the situation. Don’t worry; you’re not the only one feeling this way. Each month, over 12,000 visitors come to this site looking for guidance on debt matters.

In this article, we’ll cover:

• Whether you need to pay Clydesdale Financial Services.
• How Clydesdale Financial Services is regulated.
• Ways to lower your repayments.
• The effects of ignoring a letter from Clydesdale Financial Services.
• The impact of a County Court Judgement (CCJ) on your credit score.

We understand how stressful dealing with debt can be as our team is experienced in dealing with these issues and are here to support you. Keep reading, and we will guide you on how to deal with Clydesdale Financial Services and their debt collection process.

Do you have to pay Clydesdale Financial Services?

You might not have to pay Clydesdale Financial Services.

If you genuinely can’t afford your debt repayments then looking into whether you could have your written off might be just what you need. 

If you want to find out whether you qualify for having debt written off or payments lowered then fill out the short form below.

Is Clydesdale Finance part of Barclays?

Clydesdale Financial is part of the Barclays Group. The business is a subsidiary of Barclays Bank PLC which offers finance as well as loans and credit cards to its customers.

If you take out any sort of credit with Barclays and have missed payments, you may find it’s Clydesdale Financial that appears on your credit report!

Is Clydesdale Financial regulated?

Yes. Clydesdale Financial Services Limited is authorised and regulated by the FCA (Financial Conduct Authority).

Can you lower your repayments?

If you’re struggling to pay back your debt, then you might qualify for a debt solution.

Some solutions lower your monthly payments while others write off a portion of your debt. 

To find out whether they could work in your situation, hit the button below.

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Should you ignore a letter from Clydesdale Financial?

No. It’s never a wise decision to ignore letters or phone calls from debt collection agencies. It just ends up making matters more complicated and stressful!

For example, what if the debt isn’t yours and by not responding you don’t find this out? Clydesdale Financial Services won’t stop pursuing the debt even when it’s not yours!

Another thing to check is the age of the debt you’re being chased for. If the debt is six years old, it could be too old to enforce! More on this later.

What happens when you ignore a creditor?

Ignoring a debt letter could lead to:

• Legal action being started against you. The court issuing a County Court Judgement which will appear on your credit file
• Enforcement Officers (formerly known as bailiffs) visiting you at home and seizing some of your assets/possessions
• A judge issuing an attachment on your bank account or weekly earnings

So, as you can see, ignoring the problem could have serious consequences.

Will a CCJ affect your credit score?

Your credit rating could be harmed and you’d have difficulty borrowing money thanks to the CCJ on your credit history. It could make your financial situation even worse!

Check out what happened to one unfortunate person who had dealings with Clydesdale Financial Services:

Source: Moneysavingexpert

Is the debt too old to enforce?

When a debt is statute-barred, it’s too old to enforce it, providing it meets specific criteria, that is.

So, the first thing to establish when Clydesdale gets in touch is whether they can still enforce it! If it is, you should write to Clydesdale telling them the debt is statute-barred and to stop pursuing you!

When is a debt statute-barred?

As mentioned, a debt must be six years old to be statute barred. But other criteria must apply too.

For example, the following must apply:

• No payment was made against the debt in six years
• Nobody contacted the creditor and admitted owing the money in six years
• A judge hasn’t issued a CCJ for defaulting on the debt

A court won’t take on cases where creditors chase debtors for older debts. So, you can’t be taken to court and you can’t be given a CCJ either!

Will the CCJ remain on your credit score?

However, a record of the debt does remain on your credit file until the record expires! It’d make it hard for you to get a mortgage, credit card or loan during this time.

What if the debt can’t be proven?

If the debt can’t be proven, you won’t have to pay. The creditor could take you to court, but without proof a judge would find it hard to make you pay.

In short, with no credit agreement to prove the debt, you can’t be made to settle a debt.

What happens when the debt is proven?

Stay in touch with Clydesdale and seek independent advice from a charity or debt expert!

You should explain your personal circumstances to the creditor but don’t admit, agree or fork any money over to them. Not until you’ve discussed your options with an independent debt adviser!

Should a creditor let you seek debt advice?

You have the right to tell a creditor you need time to explore all debt solutions available. Creditors must allow you the time to do this!

Make sure you keep the creditor informed of the situation or they may escalate things!

Can you stop Clydesdale from contacting you?

No. You can’t stop a creditor from contacting you even if the debt isn’t yours or it’s too old to enforce. But you have the right to ask them to communicate with you in specific ways and at certain times!

Should you send letters by registered post?

Yes. You should send the letter by registered post asking Clydesdale to only contact you in writing.

Like this, you have a record of your request!

Should you ask Clydesdale to respond in writing?

Clydesdale should respond in writing and they should respect your request. But if they don’t and an agent continues to phone or communicate in other ways, it could be seen as harassment!

Harassing someone over a debt is against the law!

How should Clydesdale contact you?

Creditors can legally contact you about an alleged debt. However, they must follow the law when they get in touch.

For example, there are things a creditor can do and there are things which are unlawful!

What can Clydesdale do?

Clydesdale Financial Services can:

• Contact you about a debt you may owe
• Discuss the amount with you discreetly, remaining polite and showing empathy towards your personal circumstances
• Ask you to pay the debt in full or in instalments if an agreement is reached on a payment plan
• Report you to credit reference agencies each time you default on a payment

You can’t prevent a creditor from doing any of the above because they would be acting within the law!

What can’t Clydesdale do?

Clydesdales Financial Services may not do any of the following because it’s unlawful:

• Discuss things with your employer or visit you at work
• Talk to your friends, a family member or neighbours about the money you allegedly owe
• Infer they are appointed by the courts and have the same powers as bailiffs (enforcement agents)
• Show you documents that seem to be issued by the courts
• Force entry into your property, seize possessions or clamp vehicles
• Pressure you to take out another loan
• Harass you with lots of phone calls

If you think a creditor is acting unlawfully and not abiding by FCA rules, you can report them to the Financial Ombudsman Services (FOS).

What powers does Clydesdale have?

Clydesdale must follow the law when they get in touch. They can’t enforce a debt unless a court order is issued for you to pay!

What sort of legal action can Clydesdale take?

Before any legal action can begin, the creditor must send you:

• A default notice
• A letter of claim (letter before action)
• A claim pack

No legal action can start before you get these documents from the creditor. Moreover, you have the option to settle the debt at every step of the process to avoid legal proceedings!

Will you have to attend court?

You’ll have to attend court if Clydesdale files for a County Court Judgement. You’d be party to the hearing and you’d have to agree to the verdict a judge passes down.

Does a CCJ compel you to pay?

Yes. A CCJ compels you to settle the debt which could be in a lump sum or in agreed monthly instalments. In short, you’d have no choice but to pay the money owed to Barclays.

What happens if you don’t pay after a CCJ is issued?

An attachment of an Earnings order could be issued against you if you don’t pay once a court order is issued. In short, Clydesdale could apply for an order and instalments taken directly from your earnings every month!

How do you contact Clydesdale Financial Services?

It’s always a good idea to stay in touch with Clydesdale Financial Services. Even if the debt isn’t yours and they’re chasing the wrong person, you have to let them know!

You can reach the creditor in the following ways which include an email address for complaints:

What free debt advice is there in the UK?

There are UK charities that provide free debt advice to people who need help and support.

If Clydesdale has provided authenticated proof that you owe the money, you should contact one of the charities before you admit, sign, agree or fork anything out to the creditor!

I’ve put together a list of some of the major UK debt charities below:

• National Debtline 
• Citizens Advice
• Step Change Debt Charity

“It will only get worse” 😩

It’s cliché to say, but with debt it’s true; the longer you leave it, the worse the problem gets. 

There are straightforward and effective ways to deal with debt, but you have to know your options. 

Fill out the short form to find out about the debt solutions that could reduce your monthly payments or even write off some of your debt.

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Lastly, should you pay Clydesdale Financial Services Limited debt collection?

You should only pay Clydesdales if they’ve successfully proven the debt belongs to you and it’s not statute-barred. But you should seek independent advice before you admit, agree to a payment plan or pay anything!

The one thing you shouldn’t do is ignore a creditor’s letters or phone calls. The problem just gets worse and harder to deal with.

The key to a better outcome is to remain in touch with Clydesdales and ask them to prove you owe the money.