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)
Financial Ltd (also known as Link Financial Outsourcing 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 collectors, 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.
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.
For an alternative type of
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.
So apply for a debt management plan using the form below.
Registry. Consumer Credit Licence number 633327.
Also Known As: Link Financial Outsourcing Ltd, Link Debt Collectors,
Link Financial, Link Financial Limited, Link Financial London.
Names: Instantsilver, Elmwood Park, Thesis Servicing (Thesis Servicing,
which certainly doesn't service theses, was set up to pursue student
loan debts, many of which were securitized by the Government).
Address: Camelford House, 89 Albert Embankment, London SE1 7TP. Also:
Link Financial Outsourcing, PO Box 30095, London, SE1 7WU.
Telephone: 0207 7932650 and 0844 736 0022 (BUT DO NOT PHONE LINK FINANCIAL)
Fax: 0207 7932660
DX: DX 140020, Caerphilly
Get a free QuickCreditScore
check by applying
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.
Free Invoice Finance Quotes and Free Invoice Factoring Quotes
Here are a few websites to help you to raise capital if you are in business, or are self-employed to any extent, and you find yourself in a position where you need to raise funds. The following services will allow you to get Business Factoring Quotes and also Invoice Factoring Quotes in the event of being able to raise money, without obligation, l if your have invoices remaining unpaid. Also take a look at the Invoice Finance Quotes website, where it is possible to get Invoice Financing Quotes.
Data On Link Financial Ltd
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).
Financial Outsourcing Ltd are fond of asking you to send them a list
of your income and expenditure. You don't have to do this. Remember
that you are under no legal obligation whatsoever to tell anyone details
of your income or outgoings. They like to do this to control you,
and to get you into the habit of complying with them. But there is
nothing to comply with: they have no legal right to expect you to
do that. Debt purchasing companies actually have almost no legal authority,
but their whole approach requires them to pretend that they have.
Nobody would take them seriously if they were simply honest about
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 Outsourcing' involvement
in statute barred debts:
Financial" + "statute barred"
Loses 'Torture' Case
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.
in the statement of the judge was the following:
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
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.
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.
Notice: Link Financial Outsourcing Dirty Tricks
has come to our attention that Link Financial Outsourcing 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
that hosting company is now our ex-hosting company. We are now using
a much better hosting facility (better in all sorts of ways) where
freedom of speech is still something to be cherished and protected.
If Link Financial Outsourcing wishes to bully the new hosts then they
will have a bit more trouble doing so.
note that Link Financial did not contact us directly, because they
know that we'd tell them where to go. So instead thay have tried to
get at us via our host. This is a vile and cowardly way to go about
things - 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.
hope that Link Financial Outsourcing 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 also do this in open Court and under oath if necessary.
it is, we have published (below) the humiliating warning given to
Link Financial by the Office of Fair Trading as a taster of what they
can expect if they wish to 'try it on' again.
this is not defamatory: it is true.
the truth be known.
of Fair Trading Gives Link Financial Fair Warning
Office of Fair Trading (OFT) has given Link Financial fair warning
by imposing restrictions on its working practices in a public document
which it published in relation to Link Financial's habit of asking
neighbours of the whereabouts of the people whose debt they have allegedly
bought, in the hope that these people might be traced. Telling people
that their neighbour is a debtor was, apparently, frowned upon by
the government department. We can't think why.
OFT rounds off their instructions with a nice warning to Link which
we reproduce below:
is a link to the specific document which enforces this requirement
on Link Financial:
course, if you know of any cases where Link Financial has done this
again then we'd love to hear from you. It's often the case that these
people, so lacking in legal powers and ideas of their own, revert
to their old tricks, so do get in touch.
above link is to a press release which is freely in the public domain.
Interested parties should therefore note that it is neither defamatory
nor a breach of copyright. It is simply the case.
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. You could
also write to your local Trading Standards office if you have a complaint
or if you think that Link Financial Outsourcing Ltd have overstepped
the mark. Or you could write directly to the Office of Fair Trading
of Fair Trading
2-6 Salisbury Square
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a look at the Insolvency Service's leaflet called 'In Debt', downloadable
of Debt Collectors
Please note that independent advice is available on debt, debt collecting and debt purchasing.
Link Financial Ltd website is part of DPC Registry website group. All
rights reserved. Complaints Against Link Financial debt collectors.