To Do If You Get A Nasty Letter or Phone Call From:
full details of this debt collecting company and how to make use of
this opportunity to better your situation, go to the home
page of this website by clicking here, where all of this information
is located. Thank you.
Credit is a debt purchasing company and/or debt collecting company listed
in the website of the
Also Known As: First
Credit, 1st Cretins, First Cretins, 1stCrud, 1st Crudit, etc., etc.
Address: The Omnibus Building, Lesbourne Road, Reigate, Surrey RH2 7JP
Telephone: 01737 228555
Fax: 01737 228564
(this seems to be just a holding page consisting of a graphic of a corporate-looking
building from stock photos).
Extra Data: 1st
Credit recently got a slap by the OFT for their behaviour, and are now
subject to a 6 month review where they will have to have been seen to
have behaved themselves or face a £50,000 fine (read below).
1st Credit and
the Truth About Your Debt
Get a free QuickCreditScore
check by applying
1st Credit is a debt purchasing company that has purchased
the debt account from the original lending source (or in some cases
an intermediary or third party) for a fraction of the original value
and is shamelessly trying to get the full sum of the original account
1st Credit will
use all sorts of nasty methods to get you to set up a standing order
or direct debit so that they can make a quick profit. You may already
have had bad dealings with them on the phone. They may phone you up
when they know it is inconvenient for you and do this lots of times.
They may write you official appearing sternly worded letters threatening
to send someone round and collect the full amount or take you to court
for the full amount. Other strategies may include attempting an order
for sale charge on your property or make you homeless.
So ask 1st Credit
for a copy of the original contract when you took out your loan or credit
Data On 1st Credit
is from the MoneySavingExpert website forum:
been through hell with 1st Credit Limited as they tried to force me
to pay a statute barred debt.
Company registered address is Hill House, 1 Little New Street, London,
EC4A 3TR, but be careful it is not the only 1st Credit at that address.
The directors have been busy making other companies to handle funding,
are a big debt collection agency that buy debts from other companies
(especially banks and credit cards). By the time 1st Credit phone
you they own the debt - you cannot contact the original creditor.
They are specialists in enforcing debts that are difficult to enforce
In February 1st
Credit were severely reprimanded by the Office of Fair Trading for
heavy handed practices.
imposes requirements on 1st Credit over debt collection practices
25 February 2009
The OFT has taken
action against 1st Credit Ltd requiring the company to improve its
debt collection practices.
The OFT has imposed
'requirements' on 1st Credit using consumer credit powers, after an
investigation found that some of its business processes and procedures
failed to meet satisfactory standards. As a result, 1st Credit Ltd
and its associated companies must:
* refrain from
issuing statutory demands warning of bankruptcy where it is unlikely
that proceedings will be initiated
* not discuss legal action with consumers unless it is likely that
such action will be taken
* ensure that sensitive cases involving vulnerable individuals, for
example those with mental health or medical problems, are dealt with
* ensure that all matters of concern raised with them by the free
advice sector and other third parties are dealt with appropriately.
Read the full account at the OFT's website here.
you have any information that you would like honest people to know
about 1st Credit then send us an email in complete confidence and
we will try to corroborate it with the clowns involved.
1st Credit website is part of DPC Registry website group. All rights