Equivo Limited is a specialised debt collection and enforcement agency operating in the United Kingdom. As a prominent player in the financial services sector, Equivo offers a range of services designed to assist creditors in recovering outstanding debts. Their expertise spans various areas, including debt collection, enforcement action, field visits, litigation, process serving, repossession, and tracing.
Established with the aim of providing efficient and professional debt recovery solutions, Equivo Limited has built a reputation for its comprehensive approach to debt management. They work with a diverse portfolio of clients, from small businesses to large corporations, across multiple industries.
If you've received communication from Equivo Limited, it's likely because you have an outstanding debt that has been passed to them for collection. This could be for various reasons:
1. Unpaid bills: You may have fallen behind on payments for utilities, credit cards, or other services.
2. Defaulted loans: If you've missed payments on a personal loan or mortgage, the lender might have instructed Equivo to recover the debt.
3. Outstanding council tax: Local authorities often use debt collection agencies to pursue unpaid council tax.
4. Business debts: If you're a business owner with outstanding invoices or loans, Equivo might be tasked with collecting these.
It's important to note that Equivo Limited doesn't only handle consumer debts; they also specialise in commercial debt recovery, making them a versatile player in the debt collection industry.
Receiving a letter from a debt collection agency can be unsettling, but it's crucial to remain calm and take appropriate action. Here's what you should do if Equivo Limited contacts you:
1. Don't ignore it: Ignoring the letter won't make the debt go away and could potentially lead to more serious consequences.
2. Verify the debt: Ensure that the debt is actually yours and that the amount claimed is correct. You have the right to request proof of the debt.
3. Check the statute of limitations: In some cases, debts may be too old to be legally enforceable. Research the relevant time limits for your specific type of debt.
4. Communicate: If the debt is valid, get in touch with Equivo Limited. You can reach them by phone at +44 0330 9003000 or via email at mail@equivo.com.
5. Keep records: Document all communications with Equivo Limited, including dates, times, and the content of your conversations.
6. Seek advice: If you're unsure about how to proceed, consider seeking advice from a debt charity or financial advisor.
When dealing with Equivo Limited, it's essential to approach the situation proactively and professionally. Here are some strategies to help you navigate the process:
1. Be honest and cooperative: Provide accurate information about your financial situation. This can help in negotiating a realistic repayment plan.
2. Propose a payment plan: If you can't pay the full amount immediately, suggest a reasonable repayment schedule that you can afford.
3. Get everything in writing: Any agreements made should be documented in writing to avoid misunderstandings later.
4. Prioritise your debts: If you have multiple debts, prioritise them based on importance and potential consequences of non-payment.
5. Consider debt solutions: Depending on your circumstances, options like debt management plans or Individual Voluntary Arrangements (IVAs) might be suitable. However, it's crucial to seek professional advice before committing to any debt solution.
Remember, Equivo Limited's primary goal is to recover the debt. By demonstrating your willingness to cooperate and resolve the issue, you're more likely to reach a mutually acceptable solution.