The Ultimate Guide to Akinika Debt Recovery

Being in debt can feel like you are stuck in an endless black hole with no way out, especially when you have creditors hassling you to repay what you owe.

If you’re struggling to get out of the red quickly, why not breakdown your debt into manageable repayments?

Akinika Debt Recovery Ltd is one of the UK’s leading debt collection agencies. Read our ultimate guide to debt recovery to learn how they work professionally with both creditors and debtors. With the right tools, you can easily get your life back on track – discreetly, and with dignity.

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Who are Akinika Debt Recovery?

Akinika Debt Recovery is a popular name in the field of debt collection. They act on behalf of their clients to recover debt from those who refuse to pay or have defaulted on their repayment plan.

Stop Akinika Debt Recovery from contacting you by making sure that all of your debts are cleared.

Akinika works with many clients:

  • Private clients
  • HM Revenue and Customs (HMRC)
  • TV Licensing
  • The Department of Work and Pensions (DWP)

Don’t Pay Akinika Until You Get Debt Advice

We strongly recommend getting in touch with an experienced debt advisor before paying Akinika debt collectors. They can help you manage your debts and work out a plan. Check out the video below to see what kind of help you can get.

Where are Akinika based?

This UK debt collection company Akinika is based in Preston, Lancashire in the North-West of England. However, Akinika Debt Recovery operates a top-rated, professional service across the UK.

Many of Akinika’s clients are nationwide. This innovative business will ensure that every debt across the UK, big or small, will be attended to.

Are they a legitimate company authorised and regulated in the UK?

If you want assurance that Akinika Debt Recovery is a genuine UK debt collection agency then have a look at their impressive credentials:

  • Founded the Credit Services Association (CSA)
  • Adhere to the CSA code of practice
  • Regulated by the Financial Conduct Authority
  • Registered with the Information Commissioners Office for data protection

If you have ever received a letter from Akinika, you will know that they include their qualifications. They also display their licenses and awards on their website for anyone to check out.

What legal powers do they have over me?

When people think of debt collection, they often imagine dramatic scenes involving bailiffs knocking down a door and taking a debtor’s belongings.

You will be pleased to know that Akinika Debt Recovery is different from a bailiff, and are well known for operating peacefully and professionally.

Every debt collection agency is governed by strict rules that they have to follow. But while you do not have to fear that they will take your possessions or demand your wages, they will not just go away if you refuse to cooperate.

Continue, to read our ultimate guide for more information on how Akinika Debt Recovery deals with those who refuse to pay.

Why is a third party contacting me about debt collection?

Akinika Debt Recovery will only step in and contact you to recover your debt when their client asks them to. Debtors will have had plenty of opportunities to settle their bill before the stage where Akinika gets involved.

A third-party debt recovery agency is usually a last resort.

We would advise speaking to your creditors and attempting to reach a mutual repayment agreement before a debt recovery company is involved.

If you owe money, you should expect to hear from Akinika soon.

How do I contact Akinika Debt recovery?

It is quick and simple to contact Akinika Debt Recovery.

  • Phone 01772 557635
  • Book a call back for your preferred time through Akinika’s website
  • Email [email protected] or use the online enquiry form on Akinika’s website
  • Post to Akinika Debt Recovery Ltd, PO Box 82, 33-34 Winckley Square, Preston. PR1 3EL

Akinika has one of the best customer service teams, and they will help you whichever way you wish to contact them.

How do debt collection agencies operate?

Akinika Debt Recovery follows strict rules and maintains professionalism at all times.

This means they have guidelines to follow when they collect debts:

  1. You will first receive a letter through the post.
  2. This will often be followed up with a courtesy phone call around the same time you receive your letter.
  3. If you do not respond to the letter or phone call, your case will be escalated, resulting in you receiving a progression letter.

Akinika provides you with the perfect opportunity for a debt recovery refresh, allowing you to turn your life around.

Why is a debt collection agency contacting you?

If the company you are in debt to is not happy with your repayments, they may decide to use a debt recovery agency.

Debt collectors may then contact you to recover your debt to their client. Most frequently this will involve HMRC, DWP and TV Licensing but Akinika also help private clients.

Don’t be surprised if you hear from Akinika no matter who you owe money to.

Does Akinika Debt Recovery own my debt?

You might have heard that some debt recovery agencies will buy debts. Akinika does not do this.

Instead, they work to recover the costs for their client. This means that you will still pay off your debt to the company you originally owed money to.

What if I cant afford to pay back a debt?

Even if you do not have the finances to repay your debt, you should still contact Akinika Debt Recovery.

Cooperating and being honest about your situation will make the whole process simpler. This will allow Akinika to understand your financial position so that a repayment agreement that suits your needs can be decided.

Akinika Debt Recovery can also guide you in the right direction for receiving free independent debt advice. This is an essential step to help you resolve out of control debts.

Can pay but won’t pay?

You might think that you can get away without paying back your debt just because Akinika Debt Recovery follows strict guidelines. This is not the case!

If you ignore Akinika’s attempts to contact you, then you will always lose out:

  • Your debt will continue to grow, resulting in you owing more.
  • You will lose the chance to discuss your debt and try to settle with an upfront reduced payment.
  • Unresolved debt cases will result in legal action.

Continue, to read our ultimate guide to discover where you can seek help understanding your debt.

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How debt collectors can ruin your life:

If you fail to settle your debt, then involving debt collectors can have a serious impact on your life.

Expect phone calls and letters to continue, as a constant reminder of your situation.

Professional debt recovery agencies, like Akinika, will not harass their debtors. Instead, they can escalate your case to the court and seek legal action. This is not a process you want to go through if you want to be free from your debt.

How to deal with debt collectors:

Continue to read our ultimate guide for tips on how to deal with a debt recovery agency for an easy life:

  1. Respond to their letters and phone calls as soon as you can.
  2. Before committing to repayment plans, check that you do really owe the money that is being claimed. Check out our advice below on how to do this.
  3. Decide if you can repay the total amount due in one upfront payment or if you need a payment plan.
  4. If you are struggling to clear your debt, make sure you get help from a debt advisor. Carry on reading our ultimate guide below for more information.
  5. Once you have settled your debt, make sure that your credit file is updated.

Seek debt advisor help:

There are many benefits of using a debt advisor to help you get your life back under control.

If you feel unable to deal with the debt collection agency alone, you may wish for a debt advisor act on your behalf. All you need to do is give your consent either in writing or during a phone call.

Debt charities can also provide free debt advice. Debt charities are a great place to go for help, especially if you feel your debt is out of control. These charities will help you solve your debt and provide essential impartial advice.

Find Out The Best Debt Solution Bespoke To Your Financial Situation

30 Second Debt Assessment Quiz

There are several free debt charities that you can turn to:

  • Step Change
  • National Debtline
  • Business Debtline
  • Citizens Advice Bureau
  • Debt Support Trust Management
  • The Debt Advice Foundation
  • Christians Against Poverty

Check if you really owe a debt collection company money:

Checking that you do really owe the amount the debt recovery agency is claiming is a vital step. This will avoid you paying for any unnecessary debt or acquiring a negative score against your credit rating.

Akinika Debt Recovery will always provide you with the original credit agreement. This will show you the company you are in debt with and the original amount you owed.

All genuine debt collectors will be able to provide you with this information. If not, don’t part with your hard-earned cash before being certain that it is really your debt. If in doubt, get legal advice.

How old is your debt?

If your debt is older than 6 years, then it is worth checking whether the statute of limitations has expired.

Most types of debt (e.g. TV Licensing) would not be eligible for debt recovery after this time. If you’re unsure, then seek debt advice before committing to any payments.

Achieving your debt recovery refresh

If you are looking to recover from debt, this ultimate guide will show you how Akinika works and how they can help you become debt-free. It doesn’t matter if your debt is with HMRC, Department for Work and Pensions or a local company, there is a way out of debt for you.

List of Debt Collection Agencies UK

Here is a list of all the debt collectors in the UK.

Debt Help

Speak to the debt advisor to check what debt solutions you have to help you consolidate debts into a single affordable monthly repayment.

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