What do I do next?
You should contact your TPP provider as soon as you get confirmation that a debt has been transferred or sold. It’s best to have the creditor’s letter to hand when you do this, as they may need some details from it.
Will a bailiff visit my home?
Debt collection agencies aren’t bailiffs (enforcement agents) and don’t have any special legal powers. They have the same rights as the original creditor, and they usually specialise in collecting debts where the original creditor can’t get arrears repaid.
Collection agencies may tell you that someone could visit you at home. This person will be a ‘doorstep debt collector’ or ‘field agent’ not a bailiff. In practice, this doesn’t happen often and collection agencies will usually stick to contacting you by phone, letter or email.
If a debt collection agent does call at your house, remember:
- They aren’t bailiffs (enforcement agents) or a sheriff officers, and pretending to be a bailiff is a criminal offence
- You don’t have to open the door or let them in
- They must show proof of ID
- They must leave if you ask them to
- They can’t take anything from your house
If you’re worried about debt collectors visiting you at home, we’d recommend getting in touch with your TPP provider so they can give you all the advice you need.
What happens to interest and charges?
Usually by the time a debt is passed to a debt collection agency the interest and charges will have been frozen. In many cases once creditors are aware you’re on a token payment plan they may stop additional fees. However this is not guaranteed.
The important thing to do is to keep up with your TPP payments as by doing this you’re showing creditors you’re serious about dealing with your debts.
Are you considering a TPP?
To find out if a temporary or token payment plan is right for you, use our online debt advice tool.