Restons Solicitors Ltd – What Are My Rights If Restons Are Chasing You For Payment
Restons Solicitors Limited (RSL) has been based in Warrington for the last 30 years. RSL is a firm of solicitors which specialises in debt recovery, providing litigation services to finance, debt purchase and utility companies.
Restons Solicitors Limited is:
- Regulated by the Solicitors Regulation Authority
- A member of the Credit Services Association
- Collector Accreditation Initiative certified
- A member of the Consumer Credit Trade Association
- Lexcel Law Society accredited
- ISO 9001 certified
- ISO 14001 certified
- PCI Security Standards Council approved
Why Have I Received A Debt Letter From Restons Solicitors?
Restons Solicitors provides litigation services to companies to help them with debt collection. If you’ve received communications from Restons Solicitors, it is probably because you have an overdue account with one of their clients. Restons’ clients include lenders and debt purchasers. Businesses pay solicitors like Restons to collect their debts.
What Can Restons Solicitors Do?
It can be worrying when you start getting letters from solicitors, but a solicitor can’t do anything more than your original creditor. They can contact you to ask you to pay the money you owe, they might continue to add interest and charges to your debt, or they might take you to court.
Will I Have To Go To Court?
Just because you have received letters from Restons Solicitors, does not necessarily mean you will have to go to court. You can usually avoid court action by coming to a payment arrangement.
If you can’t afford to pay all in one go, you may be able to make a payment arrangement to pay in smaller, manageable instalments.
Financial Statement Form
Before making a payment plan, you should fill in Reston’s Financial Statement Form as fully as possible, so they can ensure that your plan is affordable. You will be asked to provide details of all your income and expenditure. Your disposable income can then be calculated and used to determine your monthly repayment amounts.
If you have missed payments on your payment plan, or are likely to in the future, you should get in touch with Restons immediately. Failure to do so will result in them assuming you do not intend to continue paying.
If you miss lots of payments to your creditor for a debt, they may decide to default your account. This means they have decided you are unlikely to settle your debt and have cancelled any agreement you had with them.
Once they have done this, you will be asked to pay the debt in full instead of by instalments. Your creditor can take further action against you to recover the debt after the account has defaulted, including:
- Passing your account to a debt collection agency, like Restons
- Taking court action to recover the debt
What Is A Default Notice?
It is common to hear from solicitors after you’ve received a Default Notice. A default notice is a letter issued to warn you that your account is about to default. You will be given at least two weeks to catch up with any missed payments (if you can) to allow your account to continue as normal.
Default notices only apply to debts covered by the Consumer Credit Act such as credit cards, store cards, personal loans, hire purchase and catalogues.
What Impact Does A Default Have On My Credit Rating?
If a default is added to your credit record, it shows that you have not paid your debts. This has a negative impact on your credit rating and may put potential lenders off when you apply for credit in the future. A default remains on your credit file for six years, even if you go on to settle your debt in full.
If you have been unable to repay via a payment plan, your creditor might decide to take court action against you. Court action will have a more serious impact on your credit record and you will incur additional costs, increasing your overall debt.
County Court Judgements
You will receive a Claim Form and Response pack from the court if your creditor has decided to take legal action – don’t ignore it. If you don’t respond within the given timeframe, a County Court Judgement may be issued against you by default and you could be expected to pay in full.
A County Court Judgement is the court ordering you to pay the money you owe – you will be told how much to pay and by when.
How Will A CCJ Affect My Credit Score?
A County Court Judgement, if not paid within 28 days, will remain on your credit record for six years. It may affect your ability to get credit, as lenders will be able to see that you have been unable to settle your debts previously.
What Will Happen If I Don’t Pay My CCJ?
If you don’t pay your County Court Judgement, it can be enforced using:
- A charging order – to secure the debt against your property.
- An attachment of earnings – your employer will be instructed to deduct the money you owe directly from your wages until your debt is satisfied.
- A warrant of control – enabling a County Court Bailiff to visit your property to remove goods if the Warrant is not paid.
Debt Advice From Scottishtrustdeed.co.uk
If your debt is getting out of control, or you need some help getting your finances back on track, Scottishtrustdeed.co.uk can help you. There are a number of ways in which you can manage your debt. Our debt specialist advisors can recommend the most suitable option for your needs, so you can start looking forward to a debt-free future.
If you feel dissatisfied with your experience with Restons Solicitors, you can make a complaint to them in writing. You should send your complaint to:
Restons Solicitors Limited
800 Mandarin Park
If you have received a ‘Final Response’ letter from Restons and remain unhappy, you can refer your complaint to the Legal Ombudsman Scheme or the Credit Services Association.
Legal Ombudsman Scheme, PO Box 6806, Wolverhampton, WV1 9WJ
0300 555 0333
Credit Services Association, 2 Esh Plaza, Sir Bobby Robson Way, Great Park, Newcastle Upon Tyne, NE13 9BA
0191 217 0775
Can I stop Restons Solicitors from contacting me?
You may not be able to stop all contact from Restons, but you can restrict it by requesting all communications in writing.
Can I get more time to address my debt problem?
Yes. You can ask for ‘breathing space’ to give you 30 days to seek professional debt advice. During this time, Restons should pause any unnecessary contact.
Will I lose my stuff?
If you are unable to come to a payment arrangement, or breach an arrangement you have made, your creditor may eventually take court action against you and instruct bailiffs. You can usually avoid losing your possessions by sticking to a payment plan or keeping up payments on your CCJ.