Ultimate Guide to MKDP Debt Collection

Receiving a call, email or letter from MKDP Debt Collectors can be stressful, and it may leave you wondering if they are even a legitimate company to which you owe money.

If you are unaware of who MKDP are, they are a debt collection agency that works in the UK. They buy consumer debt off of businesses, typically banks, and make a profit on their collections.

Our Ultimate Guide to MKDP Debt Collection will answer all your questions about debt collection and MKDP in particular. So, if you want to find helpful tips on managing your debt and want to reduce your debt by up to 85%, then fill out our simple form below.

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Table of Content

1 Don’t Pay MKDP Until You Get Debt Advice
2 Who is MKDP Debt Collection?
3 Are they a legitimate company authorised and regulated in the UK?
4 Why are they contacting you?
5 What legal powers do they have over me?
6 Can MKDP Debt Collectors Repossess My House?
7 How can I complain about MKDP?
8 How do I contact MKDP?
9 Does MKDP Debt Collection own my debt?
10 What if I cant afford to pay back a debt?
11 How to deal with debt collectors
12 Debt advisory services
13 List of Debt Collection Agencies UK

Don’t Pay MKDP Until You Get Debt Advice

It is always important to do your due diligence before parting with your well-earned pennies, so make sure you double-check if the debt owed is correct.

There have been cases where the wrong amount of debt has been paid, resulting in over and underpayments, which causes added hassle to an already stressful situation.

If you are struggling to get by with rent or bills anyway, without the added financial pressure of outstanding debt, then don’t pay MKDP.

Speak with a debt advisor who will be able to help you assess your options and give you advice on how to proceed without adding further detriment to your bank account.

Keep reading to find our list of recommended debt advisory services.

Who is MKDP Debt Collection?

MKDP is a debt collection agency that operates in the UK. They are based in Salford, Manchester, but work nationwide.

They have been collecting debt in the UK since 2019.

MKDP is registered as a Limited Liability Partnership (LLP) and their company registration number is OC349372.

One problem with MKDP is their lack of a website, as this makes it difficult to find contact information, payment information or details about the company itself.

If you want to find any information on MKDP, you can view their government records; however, this Ultimate Guide to MKDP will give you all the information you need, so keep reading!

Various debt companies hold a stake in MKDP, such as Compello Operations Limited, Robinson Way, Hoist Finance Uk Limited.

These businesses are also in the debt collection industry, however, they are best known for buying bad debt, rather than collecting outstanding debt for clients.

All of the debt companies who have been aforementioned have the same head office.

The address for MKDP’s head office is as follows: Quays Reach, Carolina Way, Salford, M50 2ZY, England.

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

MKDP, unfortunately, are a legitimate debt collection company.

However, there have been times where MKDP have been accused of using deceptive techniques to chase their debts.

For example, various reports suggest they have sent letters to debtors advising they can’t enforce the debt, but that the individual should still pay.

It is essential to check and confirm that the debt, that MKDP is requesting, is legitimate and definitely yours to be paying.

Keep reading our Ultimate Guide to MKDP Debt Collection to find out how to check if a debt is yours or not.

Why are they contacting you?

MKDP is a debt collection agency, that buys ‘bad debts’ from other businesses for a lower price.

This allows the original business to make back some of the money they are owed and enables MKDP to make a profit by collecting the initial debt plus interest.

So, if you are hearing from MKDP for the first time, it tends to mean you owe another company money that you have yet to pay back, and MDKP is stepping in to reclaim this money.

What legal powers do they have over me?

MKDP, alike all other debt collection agencies, have the authority to take you to court if you fail or refuse to pay your debt.

Don’t panic though, as they will take multiple steps to try to reclaim the debt, prior to threatening legal action. So, as long as you don’t continuously ignore them, it shouldn’t reach that point.

If MKDP is thinking of pursuing legal action, they will issue you with a letter of warning, so if you have received a warning letter, this is your sign to pay up before things get messy.

You will receive a default notice first, which will inform you that MKDP is closing your account and you have 2 weeks to pay the outstanding debt before the matter is escalated and legal action is considered.

If, after you receive the default notice, you still refuse to make payments, then you will be sent a claims form.

A claims form tells you that legal action is being considered in order to recover the unpaid debt.

It is important that you contact MKDP directly or fill out and return the claims form, as this may prohibit any further action from being taken.

Finally, if you still haven’t paid up, then MKDP can apply for a County Court Judgement (CCJ) which will ensure you have to pay off the debt or bailiffs will be allowed to reclaim your possessions.

Can MKDP Debt Collectors Repossess My House?

Once a CCJ has been issued by MKDP, they are then able to file for a Charging Order, which could mean your debt is secured against your home.

This would mean if the debt is significant enough to allow the sale of your home, then you may be at risk of having your house repossessed.

It is highly unlikely that this would happen but it highlights the importance of dealing with debt from the start, so matters don’t escalate to this extent.

A CCJ tends to allow a debtor to set up a monthly payment plan to make smaller payments each month until their debt has been settled in full.

However, this is up to the debt collection agency to decide and isn’t a sure thing.

How can I complain about MKDP?

MKDP are governed by the Financial Conduct Authority (FCA), and there are a set of regulations by which the debt collection agency has to act.

In accordance with the FCA guidelines, MKDP is unable to do the following:

Threaten you.
Force you to take any loans to pay off your debt.
Harass you by calling at unreasonable times.
Force entry into your home.
Contact you via any method other than the method you have listed.
Use legal jargon to confuse you.
Claim to have any legal powers which they don’t possess.
Discuss your debt with anyone other than yourself, without permission.

If you feel MKDP have broken any of these rules, you are entitled to make a complaint.

You can do this directly with MKDP by calling them or sending a letter in the post detailing your complaint.

They will then have a requirement to handle and resolve the issue.

Keep reading to find the contact details of MKDP Debt Collection.

If you don’t feel like your complaint was handled or resolved in an effective or satisfactory manner, then you can escalate your complaint to the Financial Ombudsman Service (FOS).

The FOS are an external company that has the power to provide an alternative resolution to the issue, which may even result in MKDP owing you money.

How do I contact MKDP?

MKDP debt collections don’t have a website, which limits the methods by which you can contact them directly.

They don’t appear to have an email address so the best methods of contacting them are as follows:

Phone 0330 300 1004
Send letters or post to Quays Reach, Carolina Way, Salford, M50 2ZY, England.

If you have received a letter from MKDP, they may have provided additional contact details, so remember to keep all documentation they send you.

Does MKDP Debt Collection own my debt?

Yes, MKDP debt collection does own your debt, as they are a company that will buy bad debts off of other businesses, to chase as their own.

So, it is important that you take MKDP seriously if they contact you and make sure you don’t ignore their attempts at communication, as this could have detrimental repercussions.

What if I cant afford to pay back a debt?

If you have made sure the debt is definitely yours but you have also realised you aren’t in a position to make the repayment, then breathe, you have options!

Payment plan

Debt collection agencies, while scary and persistent, do tend to be lenient with repayments, as long as the deadlines are met and a suitable repayment plan is negotiated.

Your first move should be to get in touch with MKDP directly and explain your economic situation- the more honest and transparent you are, the more they will be able to help.

You can then attempt to find a monthly payment plan which would work for you and allow you to comfortably pay all your essentials, like bills, without pulling on the purse strings too much.

Lower payment

It may be the case that you have some money set aside which could repay back a significant amount of the debt but not the full amount, then you may be able to bargain a lower amount with MKDP.

In some cases, debt collection agencies would rather have the debt settled than continuously chasing debtors, so they will agree to a lower settlement providing the debt is paid upfront and within a certain amount of time.

Again, it’s important to speak with MKDP directly to obtain this settlement, as ultimately it is up to them.

Debt Management Plan (DMP)

A Debt Management Plan will allow you to pay less than the minimum amount on your debt each month.

Additionally, all interest rates will be frozen, which should give you time to catch up on paying the debt.

Have a look at our best DMP Companies here.

How to deal with debt collectors

Debt collectors can be scary, invasive and, at times, threatening.

Read our tips on how to deal with debt collectors, to gain some valuable information on handling debt collection advisors:

Do not ignore them, make sure you respond to their attempts at contact in a timely manner.
Make sure to check and confirm the debt in question is definitely yours.
Take time to assess your situation and find the best option for you, such as a payment plan.
Make sure you know your rights and the complaints procedure if you feel your rights have been breached.
Speak with a professional debt advisor.
Ensure you get your credit file updated after the debt is paid off.

Debt advisory services

Professional debt advisors can help you assess your finances, provide support and guidance, and deal with agencies, like MKDP, on your behalf.

You can ask a debt advisory service to act on your behalf by speaking with them and giving them your consent.

Debt charities have experience helping people who are in a financially precarious position and will work with you to reduce your debt.

There are multiple free debt charities that you can contact for help:

List of Debt Collection Agencies UK

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