The Ultimate Guide to LCS Debt Recovery

Have you been contacted by LCS Debt Recovery, and you are wondering who they are, what they want and what your next steps are?

We know that being in debt can feel like you are drowning in the ocean and can’t get above the current.

But by reading our ultimate guide to LCS Debt Recovery, we will be able to throw you a lifeline.

It also helps to talk to our knowledgeable and professional team about your worries as they will be able to give you the best advice on how to deal with debt collection agencies.

Did You Know You Can Write Off Up To 85% Of Your Debts?

Do I Qualify?

Who is LCS Debt Recovery?

LCS are a debt recovery agency based in Leeds; they trade under different names, including 1st Locate (UK), Leeds Consultancy Services and Credit Management Investigations. They collect debts for several different companies such as British Gas and E.ON. They also collect debts for HRMC.

They pride themselves on not buying debt off clients but instead acting on behalf of clients who believe they are owed money.

How do I get in contact with LCS Debt Recovery?

  • Postal Address: LCS, Town Centre House, Merrion Centre, Leeds, LS2 8LY
  • Telephone Number: 0344 543 9001
  • Enquiry Form

Why has LCS got in contact with me?

LCS Debt Recovery is most likely contacting you due to owing a debt. They will be chasing the debt on behalf of their client/ the company you owe money to.

You have likely had letters regarding the debt from the original creditor/ company. If these have been ignored or forgotten, the creditor will have hired LCS to retrieve the debt on their behalf.

What Shall I Do Next?

If you know the debt is yours and you have just forgotten to pay or think the best thing to do would be to ignore the company and hope they would leave you alone. Ring LCS and talk to them about paying the debt off, paying it all together or paying in affordable monthly instalments. Ask LCS to send you a letter or email acknowledging the payments. If you choose to pay affordable monthly instalments, set up a direct debit. Keep your bank statements as evidence that you have paid or have set up a Direct Debit.

If you think you do not owe the debt, send LCS a prove the debt letter. This asks LCS to prove the debt is yours, break down the debt, and explain why you owe that much money. It will also give you a clearer idea of how much you owe and why. If they cannot provide this letter, you have the right to take it up with the Financial Ombudsman. 

If you think it is a case of mistaken identity, or if the debt was meant for previous tenants or homeowners etc. The best thing to do would be to contact LSC either through their enquiry form or by sending them a letter. This can leave a paper trail and will be on their system. You may have to prove you are not the debtor. They may ask for a copy of your contract as this will have the date you moved in, and they can correlate this with when the debtor took the original debt out.

What Powers Do LCS Have?

Debt can make someone feel down, but it can be even worse when you have debt collectors constantly calling you and harassing you for payment. This can cause distress and depression and make people feel ashamed of their current financial situation. It can withdraw people from their family and friends and can even cause suicidal thoughts.

This is why it is so important to know legally what debt collectors can and can’t do, as some debt collectors will try and bully debtors to pay what they cannot afford.

This will mean that debtors will have to take out another loan, in doing so the process will become a vicious circle.

The Office for Fair Trading (2012) issued guidelines that are there for the protection of debtors. LCS and other debt collectors must adhere to these:

LCS Has Too:

  • Always treating debtors fairly, without using harassment or bullying tactics
  • Make sure the information is clear and not misleading
  • Show consideration and understand that debtor has financial difficulties
  • Take the debtors circumstances into consideration, before taking any further action

If you would like further advice, please get in contact with our financial and legal experts today. Click the link below and fill in the contact form and they will get back to you.

Did You Know You Can Write Off Up To 85% Of Your Debts?

Do I Qualify?

List of Debt Collection Agencies UK

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