Debt Collectors – How do they work and what it means to you
If you owe money to your creditor (the people or companies you owe money to) then they may instruct a debt collector or bailiff to recover the debts from you in the value of cash or personal possessions to the value of the debt.
If you do not pay the debts as order by the court then they may issue a “warrant of execution” which means that the county court bailiffs could be called in to help recover the debt.
If you owe money in taxes to HMRC then they may instruct private bailiffs to recover the debts from you.
The difference between debt collectors and bailiffs
Debt collectors do not have the same powers as bailiffs and they may not enter your home or take away any of your possessions or valuables. They are only allowed to discuss your debts and to talk the ways you can pay your debts off.
Debt collectors must also follow and abide by the OFT (Office of Fair Trading) debt collection guidance and rules.
Best Wishes, Susan.
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