Intrum UK Finance Limited

[Colin G Quinn]

Hi,

You won't find Intrum UK Finance Limited on the FCA register, as they are not authorised by the FCA to exercise the rights and duties of a lender.

Intrum UK Limited are on the FCA register, but they are not the same company as Intrum UK Finance Limited, who are the company who actually issue the Claims against consumers, or purchase accounts from original creditors. If you search the Companies House website, you will see they are separate.

[Mrreese6018]

Hi,

Quick question on my credit report Intrum UK Finance Limited and yet cant find them on FCA register I can only find Intrum UK limited, are they the same company or different? #intrum

[Sophie Hanlon]

The Intrum Group describe themselves as a market leading credit management company specialising in debt collection. Intrum has offices in 24 countries across Europe and employs over 8,000 people. Intrum UK Finance Limited was formerly known as 1^st Credit Limited until 1 Mar 2018. They are part of the Intrum Group and buy unpaid loans, credit cards, store cards and other debts from banks and credit card companies etc.

Like most debt purchasers, Intrum claim to help you to manage your debt through affordable repayments, and to support you through the process.

In common with most debt purchasers, their real aim is to maximise their investment in the debts they purchase. To this end, they will sometimes accept repayment plans, but may require proof of your income and expenditure before agreeing terms. Be aware, however, that these plans are usually informal and can often be reviewed or revised, usually every 6 months. A repayment plan does not stop Idem from issuing a claim.

If you have received a letter of claim or a County Court Claim from Idem or they have obtained a default judgment against you, we can advise you how to proceed. These claims can be defended and judgments set aside. Our view is that these companies, once they issue county court proceedings, must show us and the courts that they have complied with the statutory requirements of the Consumer Credit Act 1974, the Financial Services and Markets Act 2000 (FSMA) and the Law of Property Act 1925. If they have not, then they are not legally entitled to enforce these debts. We defend all cases vigorously with a near 100% success rate.

This is an example of one of the claims we have successfully defended against Intrum UK Finance:

Intrum UK Limited v Freeman (Maidstone County Court) (2018) Claim for monies owing under a Lloyds TSB consumer credit loan agreement – claim dismissed as credit agreement unenforceable under S.77 (1), S77A and S.87 of the Consumer Credit Act 1974 (as amended)

Please note that County Court decisions are not binding on other judges. Each case has to be argued and defended on it’s merits.