Debt can be a significant source of stress and anxiety for many people. Studies have shown that there is a strong link between mental health and debt.
A Guide to Akinika debt recovery in the UK.
If you’ve been contacted by Akinika Debt Recovery, it’s likely to be because you’ve defaulted on payments to your creditors. You may have paid late, or missed payments altogether. Read our ultimate guide to Akinika to find out how Refresh Debt Services can help you.
Making payments to companies that you owe money to can be stressful, especially if you’re finding it difficult financially. We hope to help you find the right solution. It can be challenging trying to pay off credit cards, loans, overdrafts, and utility bills.
Akinika are a debt collection agency and don’t have the same rights that an enforcement agent would have.
Our team of advisers are here to support and advise you every single step of the journey.Get Debt Help Now
Akinika (pronounced ‘a-kin-i-ka’) is a leading debt collection agency that operates in the UK.
The company is based in Preston, Lancashire and was originally established in 1926. They are a founding member of the Credit Services Association (CSA) and adhere to their Code of Practice.
Akinika Debt Recovery specialise in both consumer and commercial debt recovery, they act on behalf of a range of private and public sector clients. These include HMRC, Department for Work and Pensions (DWP) and TV licensing. They state that their role is to “responsibly engage with our client’s customers to resolve financial issues and outstanding balances.”
The debt collection agency is a debt collector, and not a debt purchaser, this means they collect debts on behalf of their clients as opposed to buying debt from creditors.
If you’re struggling with debt and need help to stop Akinika Debt Recovery, call our specialist advisors today on 0800 121 48 63 or complete the online form to request a call-back.
Akinika Debt Recovery has an 8-step collection process when chasing clients for outstanding arrears. We have detailed this below:
Step 1: Your debt is transferred to Akinika for collection by your creditor. Akinika will try and work with you to agree an affordable repayment plan to help you clear your outstanding balance.
Step 2: Akinika will send you a confirmation letter which explains how much you owe and request that you contact them. They hope to try and understand your individual circumstances before agreeing to a suitable arrangement.
Step 3: They will follow up the letter (mentioned in step 2) with a phone call. This phone call is to contact you to ensure you understand the situation.
Step 4: If Akinika fail to receive a response to their initial letter or phone call, further letters and telephone calls will be made to you. These will explain what steps they will now take to recover the remaining debt, as well as outlining what options you have. In some cases, this could include legal action.
Step 5: Once the debt collection agency is able to contact you, they state that they will listen and try to understand your personal circumstances. They will complete an income and expenditure sheet with you to help them understand the financial picture. With this information, they will inform you of your options, and point you to alternative help, if necessary.
Step 6: Akinika Debt Recovery hope to reach a suitable repayment plan with you to clear any outstanding debt that you owe.
Step 7: Your account with Akinika Debt Recovery will be reviewed regularly, and they will notify you of any defaults. They state that you should contact them if you’re unable to make any agreed payments, as they hope to work with you to resolve the situation.
Step 8: Akinika hope to come to a suitable resolution for all the clients that they work with. They state that they will consider your personal circumstances to settle the outstanding debt by looking at your affordability.
At Refresh, our team of friendly money advisors understand how challenging it can be when debt collection agencies such as Akinika Debt Recovery start their recovery process. We realise it isn’t always easy to make debt collection agencies understand your personal and financial situation. The number of letters they send to you, as well as the numerous phone calls they make only add further pressure.
The good news is that Akinika Debt Recovery are not allowed to give you any false information about their legal rights. If you feel that you’ve been given incorrect information, you should alert the Financial Conduct Authority (FCA) immediately. Remember to make a note of what was said, along with the date and time it occurred.
Our specialist advisors are able to negotiate a repayment plan that is within your affordability. If you have debts that are being chased by Akinika Debt Recovery, or any other creditor or debt collection agency, we can help you find the right solution by explaining what options are available to you.
Contact Refresh Debt Advice today by calling 0800 121 48 63 or alternatively, complete the online form on this page to request a call-back.
If you’ve missed payments to any of your creditors, a debt collection agency such as Akinika will try to reach you at some point. We believe it’s extremely important to know your rights and what you need to do to resolve the situation.
Speak to an expert money advisor by calling today to discuss what solutions are available to you. If you’re unable to call, you can complete the online form on this page to request a call-back at a more suitable time.
It’s a good idea to hold on to any emails and letters that Akinika Debt Recovery send to you. There will be useful information included within these, such as the amount owed and important reference numbers.
One thing to know is that debt recovery agencies such as Akinika send out many automated letters and emails. Very similar correspondence will also be sent to thousands of other clients that Akinika are trying to recover outstanding debt from.
If you’re unable to set up an affordable repayment plan with Akinika Debt Recovery, as well as any other debt collection agencies, in some cases, they may offer you an out of court settlement. The unfortunate reality is that debt collection companies do not always consider your personal and financial circumstances. They may threaten you with legal action to apply additional pressure. In a large majority of cases, it won’t reach this point, as this will depend on how much you have outstanding as well as who the original creditors are.
At Refresh, we know the process of trying to find a suitable solution when dealing with debt collection agencies such as Akinika directly can be tough. Our expert money advisors will consider what you can realistically afford to pay each month, by taking account of both your personal and financial circumstances. This will then allow us to discuss a range of wider financial solutions available to you. We will explain the advantages and disadvantages of each option, helping you make the right decision when taking the first steps to become debt free.
Debt collection agencies, in many cases, will not allow you to include many items on your expenditure sheet. We will go through a detailed household income and expenditure sheet to ensure we fully understand your priority expenditure as well as all other commitments you may have.
If you have been contacted by Akinika Debt Recovery or any other debt collection agency, call Refresh Debt Advice today to speak to a specialist advisor on 0800 121 48 63 or alternatively, complete the online form on this page to request a call-back.
You can contact Akinika Debt Recovery through a number of different methods detailed below.
If you want to write to Akinika Debt Recovery, you can send them a letter at the following address: akinika Debt Recovery Ltd, PO Box 82, 33 Winckley Square, Preston, PR1 3EL
Need to speak to a member of staff over the phone at Akinika Debt Recovery? Call 01772 557635
Here are Akinika Debt Recovery’s office opening hours:
8:00am – 8:00pm, Monday to Friday
9:00am – 4:00pm, Saturday
Closed – Sunday
Remember that all telephone calls you make to Akinika are likely to be recorded.
You can visit Akinika Debt Recovery’s website at the following link: https://www.akinika.co.uk/
If you need to contact Akinika Debt Recovery by email, you can send them a message at the following email address: email@example.com
Refresh’s friendly money advisors know how worrying it can be when you’re contacted by debt collection agencies such as Akinika Debt Recovery.
If they’ve made numerous phone calls to you, sent you lots of automated letters and emails, this will only create additional pressure. Our expert advisors will look at both your personal and financial circumstances to advise you on a range of wider financial solutions that will help you become debt free.
Before arranging any repayment plan, we will ensure that you can realistically afford to meet your obligations. We believe it’s imperative to explain to you both the advantages and disadvantages of any option. It’s important to us that we give you all the information you need to make the right decision.
If you need help with Akinika Debt Recovery or with any other outstanding debts that you may have, call Refresh Debt Services today on 0800 121 48 63 or alternatively, complete the online form to request a call-back
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