If you’ve received a letter or a phone call from Overdales Legal Limited, a debt collection company in the UK, you may be feeling overwhelmed and uncertain about what to do next.
Dealing with debt can be an incredibly stressful experience, and many people find themselves struggling to keep up with repayments
If you’re facing unaffordable debt and are being pursued by Overdales Legal Limited, it’s important to know your rights and options for dealing with the situation.
In this article, we’ll explore how you can deal with Overdales and work towards financial stability.
Who is Overdales Legal Limited?
Overdales Legal Limited is a UK-based specialist law firm that offers debt recovery services. They work on behalf of creditors to recover outstanding debts from individuals or businesses who have failed to make repayments.
Previously known as Lucas Credit Services, Overdales Legal Limited uses various methods to recover debts, including sending letters and making phone calls to debtors, as well as taking legal action if necessary.
Overdales has a team of experienced solicitors who are well-versed in debt recovery laws and litigation in the UK.
Their stated aim is to recover debts quickly and efficiently for their clients, which means they can be very persistent once they initiate the debt collection process.
Is Overdales Legal regulated in the UK?
Yes, Overdales is a legitimate debt collection company that is regulated by more than one industry body.
Solicitors Regulation Authority (SRA)
The Solicitors Regulation Authority (SRA) is the regulatory body that oversees solicitors and law firms in England and Wales.
It is responsible for ensuring that solicitors and law firms comply with professional standards and rules of conduct.
Overdales Legal is required to adhere to certain standards and regulations set forth by the SRA, as well as protecting the interests of clients and promoting public confidence in the legal profession.
Financial Conduct Authority (FCA)
If you have a complaint about the conduct of Overdales Legal Limited, you can also make a complaint to the Financial Conduct Authority, the regulatory body responsible for overseeing financial services firms in the UK, including debt collection agencies.
As an authorised and regulated debt collection agency, Overdales Legal Limited is required to adhere to certain standards and regulations set forth by the FCA, and consumers can make complaints to the FCA if they have concerns about the company’s practices.
Where is Overdales Legal limited based?
Overdales Legal Limited is a UK-based debt collection company with various offices across England, however Its main address is located in Bradford, West Yorkshire.
Overdales Legal Limited
Unit 2a,
606 Business Park,
Straithgate Lane,
West Yorkshire,
BD6 1YA
The company also has additional offices located in other parts of the country to provide a wider coverage of debt collection services to its clients.
Contact details
To contact Overdales Legal Limited, you can use the information below:
Postal address: PO Box 1399, Bradford, BD5 5GA
Phone number: 03331 110 800
Email address: [email protected]
Website: https://overdales.com/
Why are Overdales Solicitors contacting me?
Overdales Legal Limited is a debt collection company that works on behalf of creditors to collect outstanding debts from their customers.
If you have been contacted by Overdales Legal Limited, it is likely that your original creditor has become an Overdales customer, and Overdales is responsible for collecting the money you owe.
If you have been contacted by Overdales Legal Limited, it’s important to address your debt as soon as possible to avoid further collection actions, such as legal proceedings or damage to your credit file.
How to deal with debts to Overdales Legal Limited
If you have debts to Overdales Legal Limited, there are several steps you can take to manage your situation:
Contact Overdales and ask for proof of debt
The first step is to reach out to the company and request proof of your debt. This may include a breakdown of the debt owed, the original creditor, and any fees or charges that have been added to the debt.
You can also ask for information about their collection policies and procedures.
Repay money owed in full
If you have the means to do so, paying the full amount owed is typically the quickest way to resolve your debt with Overdales Legal Limited.
This can help you avoid additional interest charges, fees, and legal action.
Arrange a gradual payment plan
If you are unable to pay the debt in full, you may be able to negotiate a payment plan with Overdales Legal Limited.
This can allow you to repay the debt over time in more manageable instalments, however you need to be sure to agree to a payment plan that you can realistically afford.
What if I ignore debts to Overdales?
If you ignore debts to Overdales Legal Limited, there are several potential consequences that may occur.
Visit from debt collectors
If you fail to respond to Overdales Legal Limited’s attempts to contact you regarding your debt, they may escalate their collection efforts by sending debt collectors to your home or place of work to demand payment.
They will be required to give you notice of a visit at least a week prior to the event taking place, so you will have some time to seek debt advice and discuss your next steps before debt collectors arrive.
Damage to your credit file
Failure to pay your debts to Overdales Legal Limited can result in negative information being added to your credit file, which can make it harder for you to obtain credit for a period of at least six years.
Potential legal action
If you continue to ignore your debts, Overdales Legal Limited may take legal action against you to recover the money owed.
This can result in a County Court Judgement (CCJ) being taken against you, which will instruct you to repay what you owe within a certain period of time, and can have serious consequences for your credit and overall finances.
I can’t afford to repay what I owe – What do I do?
If you can’t afford to repay what you owe to Overdales Legal Limited, there are several steps you can take to minimise the damage to your finances.
Seek professional debt advice immediately
It’s important to speak to a debt advisor or financial professional as soon as possible to explore your options.
An organisation like StepChange debt charity can help you to assess your financial situation, identify the best course of action, and help you to negotiate with Overdales Legal Limited.
Consider using a formal debt solution
There are several formal debt solutions available in the UK that may help you to manage your debts, such as an Individual Voluntary Arrangement (IVA) if you live in England and Wales, or a Trust Deed if you’re based in Scotland.
These options allow you to make affordable payments towards your debts, provide legal protection against further collection actions, and may even allow you to write off a portion of your total debts.
Where can I get help to improve my financial circumstances?
Dealing with letters and phone calls from debt collectors can be a daunting and stressful experience, especially if you’re unsure about your ability to repay what you owe.
If you’re facing financial difficulties and need further information on how to cope with debt collection, Carrington Dean is here to help. As Scotland’s debt specialists, our team offers personalised debt advice and solutions to help you manage your debts effectively.
If unaffordable debt is getting on top of you and you feel you need some help, get in touch with a Carrington Dean advisor today.
