Complaints Against Apex Credit Management
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What To Do If You Get A Nasty Letter or Phone Call From:
Apex Credit Management
Apex Credit Management is a debt purchasing company/collecting company listed in the website of DBSG (The Debt Buyers and Sellers Group) and/or mentioned in consumer finance forms. They have a legitimate function as debt collectors, but there is some indication that some such companies (not necessarily Apex Credit Management), and especially the debt purchasing element, go a bit too far sometimes and can make people's lives a misery when those same people are at their most vulnerable. We do not suggest that they are acting outside the law, but getting that letter or phone call is not exactly helpful to you right now.
So the first thing you must do if Apex Credit Management is bothering you is not to panic or despair. That's just what they want! They'd love you to call their number and speak to their specially trained sales team for 'advice'. But once you do that you'll be suggestible to whatever they tell you, instead of getting independent advice. While we always say that you should keep an open dialogue with debt collectors, we would recommend that you do so in writing only. This will prevent them 'railroading' you into any action which is not in your best interests, as they so love talking people into doing things on the spur of the moment. Of course, they are only doing their job, but that's hardly a consolation for you in the present situation.
There are several courses that are open to you, and some will suit your own situation better than others.
A sensible option, we would suggest, is a debt management plan or even an IVA - which is designed to actually write off a large chunk of your unsecured debt. But you would need to take advice on this and look at your income and expenditure in detail. This option won't suit everyone. There's more on this below.
Recently we have seen a rise in the popularity of so-called "payday loans". However, these carry with them extremely high rates of interest, often more than 1500% and should strictly be used only for the short term. Therefore they are certainly not an option for reducing any serious debt burden over the longer term and will only get you into more trouble.
As an alternative you could apply for a 'logbook loan' which many people find a very handy option. It is actually a loan secured on your car, except you get to keep the car and keep the cash as well! That's why some people find it such a good idea, as it unlocks the equity in your vehicle without taking away your means of transport (there's no need to sell the car). To apply for a logbook loan click here.
Yet another option is a no credit-check guarantor loan. This is especially useful because your own credit rating is not looked at; you must find someone else willing to act as a guarantor for you such as a friend or family member. This is an ideal solution if you're at the stage where your credit profile has been downgraded by recent events, etc. So click the following link for Unsecured Loans that don't need you to be credit checked.
Are you owed money? Have you been missold Payment Protection Insurance with your credit card, mortgage or loan? PPI Advice Line will advise customers openly and honestly about the chance of making a successful claim for their compensation. Find out if you have a claim by clicking here.
If you wanted to try a debt management plan, then we provide a whole-of-market service, with a number of debt management experts on our panel. So whatever your circumstances, your application will find the plan for you, meaning the optimum outcome for your situation. It also means there are no minimum requirements for debt levels or income.
NOTE: If you have at least two accounts in debt, and total debts of £2,000 or more, enter your details below to see if you qualify. (But if you owe less than this, or are on state benefits, then use this link to apply instead.)
This Apex Credit Management site is part of DPC Registry. Consumer Credit Licence number 633327.
Name: Apex Credit Management
Also Known As: May have previously been (or associated with) BCW or Buchanan Clarke and Wells.
Address: 11 Elm Court
Stratford upon Avon, Warwickshire
CV37 6PA
Also: 11 Arden Street, Stratford-upon-Avon, Warwickshire, CV37 6PA
Telephone: 01789 203775
Fax: Not Known
Email: [user]@apexcm.co.uk
Extra Data:
Get a free QuickCreditScore check by applying here.
Apex Credit Management and the Truth About Your Debt
Apex Credit Management is a debt collection company that has bought the debt from the original creditor, often a bank (or in some cases another debt purchasing company) for around a tenth or less of the original value of the debt and is brazenly trying to get the full value of the original loan from you.
So ask Apex Credit Management for a copy of the original contract when you took out your loan or credit card.
More Data On Apex Credit Management
My thanks to Consumer Action Group for extracts from their forum:
Previously had AIC in Glasgow on my back. I completely ignored them and they went away. Apex Credit Management have now taken this over and have written saying they will start county court proceedings. Two days later I get a letter from them saying I have "been selected" to receive a discount on the outstanding debt of £23,000 which would be reduced by 50%. Not sure if they expect a lump sum payment (no chance) or installments. Is this a catch to try and trick me into something? They have just called but I ignored them.
CAG Response: Probaly means they have no right to collect and are just trying it on.
Our Comments: Whatever you do, make sure they have a right to enforce the debt before you spend the rest of your life paying back these people, because they are just trying it on all the time. Write them a Subject Access Request (CCA1 letter) to find out if they have the original documentation. If they do not then the debt is unenforceable and they may not ask you for it ever again once this is in dispute.
Further Comments: Apex Credit Management are notorious for doing things en-masse in a very automated way. Therefore if they get things wrong once they will get the same thing wrong dozens or hundreds of times. This is the 'style' of Apex Credit Management and this is what makes them distinctive from other DCAs: their ability to replicate error consistently, repeatedly, and over a long period of time.
Apex Credit Management either are in partnership with BCW Group (Buchanan Clark and Wells) or were actually BCW Group, or liberally share their data. Trading Standards deny this, interestingly, but nevertheless I have proof that these two companies are the same people or are at least very closely aligned: they also shared the same database of target victims, even to the extent that misspellings and variants of names were the same on letters sent from both companies. Always a dead giveaway, like a plagiarised essay having the same typos and mistaken sources as the original.
Another hallmark of Apex Credit Management is that, despite being in breach of a Subject Access Request (and subsequent reminders, the CCA2 and CCA3 to the initiated) they still keep writing to you asking for money (which is questionable while the account is in dispute). I believe they genuinely don't know what they are doing, at the administrative level. They will write a begging letter every two or three days, even though they have been told not to; they will persist in this for weeks or months until told to stop by Trading Standards or some other body.
If you have any information that you would like honest people to know about Apex Credit Management then send us an email in complete confidence and we will try to corroborate it with the clowns involved.
This Apex Credit Management site is part of DPC Registry. Consumer Credit Licence number 633327.
Please be aware that it is extremely important that you budget for all necessary expenditure including rent or mortgage, council tax and utility bills, etc., and any other necessary outgoings related to the upkeep of your household and in relation to any specific circumstances that may relate to you. This website only collects data on behalf of debt management professionals, from which it will receive affiliate remuneration for data collection only and does not itself engage in any debt management services. Other debt management options are available and may be more suitable. People entering into an IVA or debt management will have this entered on their credit profile and this may affect their ability to get credit in the short term or even in the long term in some cases. It is free to apply from this website; you will be given advice by debt management professionals and a 'cooling off' period, by law, to decide whether or not the debt management plan is suitable for you, and you should be aware that a fee will be chargeable upon a successful arrangement, as with any commercial transaction. Failure to meet the repayments on an IVA or any debt management programme may result in serious consequences, including, but not limited to, bankruptcy. Bankruptcies, CCJs and similar defaults will be entered into a public register and will remain there for a statutory period of not less than six (6) years.
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This Apex Credit Management website is part of DPC Registry website group. All rights reserved. Complaints Against Apex Credit Management.
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