Complaints Against Buchanan Clark And Wells
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What To Do If You Get A Nasty Letter or Phone Call From:
Buchanan Clark And Wells
Important Notice
If you are currently having problems with debt collectors, or if you suspect them of using illicit or unfair tactics, then please contact the BBC in complete confidence at the following email address:
(United Kingdom enquiries only, please)
Buchanan Clark And Wells is a debt purchasing company or debt collecting company in the site 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 Buchanan Clark and Wells), 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 Buchanan Clark and Wells 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.
You may be tempted to get a payday loan which is an unsecured loan designed for the short term. The only problem with these is that the interest rates are very high, often as much as 1,700% or more. So we cannot recommend them, otherwise you may be getting even more contact from Buchanan Clark and Wells than you are already!
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.
This Buchanan Clark & Wells site is part of the DPC Registry site. Consumer Credit Licence number 633327.
Name: Buchanan Clark And Wells
Also Known As: Buchanan Clark And Wells Ltd, BCW Group Ltd.
Address: BCW House, 24 George Square, Glasgow G2 1EG. Also 11 Elm Court, Stratford on Avon CV37.
Telephone: 0141 221 4567.
Fax: 0845 300 6898
Email: [user]@bcwgroup.com
Extra Data: They have a phone number of 0871 7001547; but don't use that because you'll be charges 10p a minute. It diverts to 0141 2213535, so use that, but ONLY if you have to. Do NOT call them under almost all circumstances unless you are recording the call.
Get a free QuickCreditScore check by applying here.
Buchanan Clark And Wells and the Truth About Your Debt
Buchanan Clark And Wells Ltd is a debt collection company that has bought a delinquent account from the original lending source (or in some cases another debt purchaser) for a tiny percentage of the original value and is brazenly attempting to recover the full value of the original loan from you.
So ask Buchanan Clark And Wells for a copy of the original contract when you took out your loan or credit card.
More Data On Buchanan Clark And Wells Ltd
Lots of references on the consumer finance forums about their behaviour.
They seem to get hold of the telephone numbers of people only a few days after the telephone account was created, and even if the person at the end of the phone does not have any debts. As soon as they know the number is 'live' (i.e. as soon as someone answers) Buchanan Clark and Wells then keep pestering this person again and again and again ("every 5 minutes"), even after having been told not to.
So either they are doing what is called Random Digit Dialling (RDD) a system which is legitimately used by market research organisations when trying to reach unlisted numbers in order to obtain a representative sample for research surveys opinion polls, or they have the data of the previous holder of the telephone number who was in debt but has since changed the number (or died, moved, emigrated, killed themselves, etc.).
Use of RDD by non-research groups is frowned upon and is forbidden if the subscriber has listed their number with the Telephone Preference Service (TPS). Use of RDD just for sales purposes is simply sloppy. Buchanan Clark And Wells Ltd are clearly a sloppy company, and nasty with it. However, we would like to point out that they are not the only DPC who use RDD and they are certainly not the only DPC which is sloppy.
If you have any information that you would like honest people to know about Buchanan Clark And Wells then send us an email in complete confidence and we will try to corroborate it with the clowns involved.
Please be aware that figures entered into the Buchanan Clark and Wells site need to be accurate by law, and to give the best service to you. 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 which may apply to you or your household. 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.
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Take a look at the Insolvency Service's leaflet called 'In Debt', downloadable here.
This Buchanan Clark And Wells website is part of DPC Registry website group. All rights reserved. Complaints Against Buchanan Clark and Wells.
Please note that independent advice is available on debt, debt collecting and debt purchasing.
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