If you have received communication from Hoist Portfolio Holding 2 Limited, including debt collection letters or phone calls, then contact a qualified Debt Counsellor today. This article has been put together to give you an overview of who Hoist Portfolio Holdings 2 Limited are.
Are you also looking for advice and help in relation to how to deal with Hoist? Do you perhaps need to make a payment or are you wondering about why they’re contacting you, either by sending letters or calling you?
The below guide will give you all the information you need to know about Hoist Portfolio Holding 2 Limited, with a guide to what they can legally do as well as their contact and address information.
So Who are Hoist Portfolio Holding 2 Limited?
Hoist Portfolio Holding 2 Limited is a company who work in the debt collection industry, who specialises in collecting debts owed by individuals or businesses on behalf of a range of creditors and financial institutions.
They work on behalf of national companies including Virgin Media, NPower, United Utilities, so if you have ever fallen into arrears with any of these companies then chances are you will have come across Hoist Portfolio Holding 2 Limited.
They also work with HMRC, collecting Tax Credits overpayments as well as Self Assessment debts if you don’t pay tax bills. If you have been contacted by them, the information in this guide will help you decide how to proceed.
If you have been contacted by Hoist Portfolio, you must make a decision on how to deal with them. There are a number of options, and there are even companies who can help you deal with them.
Do you really owe them money?
You must check if you actually owe Hoist Portfolio any money, after all they are just a debt collection agency and must provide clear evidence that you owe them money. Is there a chance that you don’t actually owe them anything? Checking is easy, act now.
What can Hoist Portfolio Holding 2 Limited Actually Do?
Thankfully, it’s 2019 and debt collectors, including Financial, are bound to strict debt collection guidance instated by the FCA (Financial Conduct Authority)
They are an important authority which operates in the UK to protect vulnerable people, who may be targeted by untrustworthy businesses. The FCAs debt collection rules and guidance outlines the standards which authorised companies that work within the debt recovery and collection industry must follow. Without doing so, they are considered unfit to work as a debt collector.
The FCA states that Hoist Portfolio is not able to claim unfair or excessive collection charges, they can’t harass you or threaten to seize your property and they can’t bypass an appointed representative and contact you directly. Hoist Portfolio Holding 2 Limited does not have the legal powers to overrule the FCAs guidelines and they also stop collectors from threatening legal action which is not likely to come to fruition.
There are many concerning practices reported over the years from many debt collection companies including:
- Speaking about your debt with family members or employers
- Calling you at work without prior arrangement or if you’ve instructed them to refrain from doing so
- Calling out of normal business hours
- Urging you to borrow more money in order to clear debt
- Ignoring appointed representatives and contacting you directly
- Sending letters which appear to be official court documents
- Withholding information about your account
- Lying about legal powers
- Adding extortionate charges to debt
- Continuing to demand payment when debt is statute barred
How old is the debt they’re chasing?
If Hoist Portfolio Holding 2 Limited are chasing a historic debt, you must check if it has been statute barred, which means that you no longer owe if.
So before coming to an arrangement with them, make sure that you’ve checked this and got advice from a third party company. Then, you’ll be able to be sure that they are actually able to produce proof that you do in fact owe the debt that they’re chasing for. Asking for help from a third party can also make sure that you get an agreement that is affordable, hence avoiding any further money issues as a result.
There are countless instances where people have been urged into paying a certain amount to a debt collection agency when it is a figure that they can’t reasonably afford. We have expert partners who are experienced in dealing with Hoist Portfolio Holding 2 Limited every day and are able to quickly establish the nature of the debt. If it is statute barred, they will know straight away and you could avoid paying a penny to them.
So we can’t urge you enough to seek advice if you’re being chased by Hoist Portfolio. It’ll ensure that you go forward and repay the debt on your own terms and at a rate that you can actually afford, instead of what suits them.
And if you have already entered an agreement, there are still ways that our partners may be able to help, so make sure to get in touch with them HERE!
Hoist Portfolio Holding 2 Limited Contact Information
Company Name: Hoist Portfolio Holding 2 Limited
Also known as: Hoist Portfolio Holding, Hoist Portfolio
If you’re having difficulty with Hoist Portfolio Holding 2 Limited, there are various things that you can do in order to deal with them better. We have a number of affiliated businesses who can help you deal with your debt. Get in touch with them HERE.
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