What To Do If You Get A Nasty Letter or Phone Call From:
Apex Credit Management
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.
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.
So apply for a debt management plan using the form below.
Apex Credit Management site is part of DPC Registry. Consumer
Credit Licence .
Also Known As: May have previously been (or associated with) BCW or
Buchanan Clarke and Wells.
Address: 11 Elm Court
Stratford upon Avon, Warwickshire
Also: 11 Arden Street, Stratford-upon-Avon, Warwickshire, CV37 6PA
Telephone: 01789 203775
Fax: Not Known
Get a free QuickCreditScore
check by applying
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
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.
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.
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
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.
Apex Credit Management site is part of DPC Registry. Consumer Credit
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.
Apex Credit Management website is part of DPC Registry website group.
All rights reserved. Complaints Against Apex Credit Management.
Policy | Help
Us | Contact
Us | Compliance
& Disclosure | Complaints
a look at the Insolvency Service's leaflet called 'In Debt', downloadable
of Debt Collectors
settlement for unemployed
relief for unemployed
reduction for unemployed
consolidation for unemployed
management for unemployed
help for unemployed
settlement for people on state benefits
relief for people on state benefits