Complaints Against Link Financial Ltd AKA Link Financial Outsourcers
Apply For Debt Relief Plan Here
What To Do If You Get A Nasty Letter or Phone Call From:
Link Financial Ltd AKA Link Financial Outsourcers
Link Financial Ltd (also known as Link Financial Outsourcers Ltd) is a debt purchasing company or debt collecting company listed in the website of the DBSG (The Debt Buyers and Sellers Group) and/or mentioned in consumer finance forms. They have a legitimate function as debt collections, but there is some indication that some such companies (not necessarily Link Financial), 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 Link Financial are 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. You could use one of these, or even all of them if they are appropriate to your own circumstances.
But first of all, a warning: we DON'T recommend taking out a so-called 'consolidation loan', or at least think carefully if you are offered one. These are fine in some cases, and they look quite rosy in the short term, but they can easily get you in more difficulty than before; after all, this is more debt. Where would you be with this a few years down the line?
A more 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.
For a longer term loan 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.
NOTE: If you have at least two accounts in debt, and total debts of £2,000 or more, enter your details below to see if you qualify. (But if you owe less than this, or are on state benefits, then use this link to apply instead.)
DPC Registry. Consumer Credit Licence number 633327.
Name: Link Financial Ltd
Also Known As: Link Financial Outsourcers Ltd, Link Debt Collectors, Link Financial, Link Financial Limited, Link Financial London.
Address: Camelford House, 89 Albert Embankment, London SE1 7TP
Telephone: 0207 7932650 (BUT DO NOT PHONE LINK FINANCIAL)
Fax: 0207 7932660
Email:
Get a free QuickCreditScore check by applying here.
Link Financial Ltd and the Truth About Your Debt
Link Financial Ltd is a debt purchasing agency which has purchased a debt account from the original lender (or in some cases another debt purchasing company) for a small percentage of the original value of the debt and is attempting to recover the full value from you.
To find out if you qualify for an IVA or can benefit from a debt management programme, try the IVA Test. It's free to apply, and again you are protected by the consumer laws regarding debt management at all stages. Click here to go to the application form.
More Data On Link Financial Ltd
Never talk to Link Financial operatives on the phone: always insist that they write to you. Make sure you keep reminding them of the true facts in every letter you send as they have a habit of slipping back into the fantasy world that they wish to actually inhabit (and which they wish YOU to inhabit).
Just one of the many reasons why these practices should be outlawed.
Another good reason is that these speculative mailshot practices sometimes result in suicide of the victims. This has been documented several times.
There are indications that Link Financial is involved in dealing in statute barred debts. We cannot list all of these instances here because we just haven't got the space! However, if you'd like to do a search in any search engine using the following search pattern you will bring up hundreds of references to Link Financial Outsourcers' involvement in statute barred debts:
"Link Financial" + "statute barred"
Link Financial Loses 'Torture' Case
In a case which is bound to have a bearing on subsequent debt legislation, Judge Chambers ruled on 28th February 2011 (Mr Keith Harrison vs. Link Financial Limited) that Link Financial had used tactics which were tantamount to torture in order to attempt to bring to heal one of the people whose debt accounts they had bought from MBNA.
Included in the statement of the judge was the following:
Cumulatively and damningly is what I find to be the way that MBNA and the Defendant [Link Financial] went about recovering their debt. I am satisfied that the Claimant's description of the way that he was hounded by his creditors is essentially correct not least in the use of “non-traceable” telephone calls. It seems to me that such conduct has no proper function in the recovery of consumer debt....
... it was only well into this action that the Defendant was able to comply with section 78 and thus able to pursue a claim. An inability to comply with section 78 can be no excuse for conduct of which it must be supposed the sole purpose must have been to make the Claimant's life so difficult that he would come to heel. I cannot think that in a society that is otherwise so sensitive of a consumer's position this is conduct that should countenanced.
There is more coverage of this on the excellent Consumeractiongroup forum in the discussion on Link Financial's antics in this case. The BBC also covers the Link Financial 'torture' story.
Special Notice: Link Financial Outsourcers Dirty Tricks
It has come to our attention that Link Financial Outsourcers Ltd have attempted to shut down this website by apparently writing to our hosting company and threatening them, in the knowledge that our hosting company will threaten us in turn if we don't remove this site. Their opinion is that this website is defamatory. But as lawyers and many other people will know, the best defence against a charge of defamation is 'fair comment'. In other words, if it is true then it cannot be defamatory.
We note that Link Financial has not contacted us directly, because they know that we'd tell them where to go. So instead thay have tried to get at us via our hosting company. This is a vile and cowardly way to go about trying to assert themselves - vile even for a debt purchasing firm - and any right-thinking person reading this who has an interest in openness, honesty and transparency in the media will take note.
We hope that Link Financial Outsourcers also take note of this, and we warn them that any further attempts at censoring the truth will result in this website publishing all of the documentation that we have at our disposal which will corroborate what is stated here in the most full and comprehensive way. If Link Financial doubts that what we say is true, then let them call our bluff, and we will publish everything. We will do this in open Court preferably.
Let the truth be known.
If you have any information that you would like honest people to know about Link Financial Ltd then send us an email in complete confidence and we will try to corroborate it with the clowns involved.
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Take a look at the Insolvency Service's leaflet called 'In Debt', downloadable here.
This Link Financial Ltd website is part of DPC Registry website group. All rights reserved. Complaints Against Link Financial debt collectors.
