What To Do If You Get A Nasty Letter or Phone Call From:
Buchanan Clark And Wells
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)
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.
Buchanan Clark & Wells site is part of the DPC Registry site.
Consumer Credit Licence number 633327.
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
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
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
Data On Buchanan Clark And Wells Ltd
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.
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,
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
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.
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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a look at the Insolvency Service's leaflet called 'In Debt', downloadable
of Debt Collectors
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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