When creditors utilize the authority of bailiff to secure in collecting debt, its fees will be added to your debt.
The costs may differ and each visitation fee will be added to your total debt amount. These are summed up to your debt on a certain period during the process of collection, which is followed by a bailiff.
Do I need to pay for bailiff services?
So, when your creditors use bailiff to act on his behalf, the following fees will be added on your debt:
- Upon writing, and receiving the notice for enforcement, a £75 is added to your existing debt.
- If your debt is more than £1,500, £235, and a 7.5% additional percentage is added on your debt during bailiff’s home visit.
- The same percentage will be added (7.5%), and a fee worth £110 is charged for debts over £1,500 when bailiffs take your goods to sell.
- Any storage costs or auction expenses are also added when goods are removed or sold.
What will a bailiff charge?
Additional charges will be added to your debt when your creditors use the service of bailiffs.
If you have a debt of £800 and refuse payment resulting in a bailiff taking your goods that cost at least £720 or more.
If your debt is £2000 (over £1500), the same amount (£75) when writing a notice to you. However, when a bailiff initiates their first visit, £235 + £150 (7.5% of your £2000 debt) will be added. This will add a total of £385 on your debt.
The fees are fixed in law. This means that a bailiff cannot place extra charges other than the standard amount.
However, debts that are acquired before the 2014 of April may differ in terms of bailiffs’ costs and fees. Usually, it might even be higher.
What are the consequences if I don’t pay?
Failure to comply with your debt payments allows the bailiff to removed or sold the goods that they took from you.
The bailiff will take your goods through a van or a tow-tuck. They will remove the goods that they’ve listed in the inventory. So, if goods aren’t listed in the inventory, a bailiff cannot take it out. During this time, if you refuse to let them enter your home, they can request the court warrant, which allows them to enter your home by force.
In fact, you can be arrested when you try to forcefully stop a bailiff physically. Your goods will be kept in storage and you’ll get a letter to estimate its costs. The bailiff will sell these goods in a public auction.
Usually, removal or auction happens within 10 days. This means you still have time to find ways on how you can get debt help.
The money earned from the auction is used to pay off your debt and bailiff’s fees if you are unable to arrange debt payments within the given time.
You will get a refund if there’s leftover money after compensating debts and bailiffs payment. In contrast, if the auction did not suffice the total debt, your creditor has the right to collect your remaining debt. This might need a court to process arrangements such as bankruptcy or attachment or earnings.
Debt Help during a Bailiff Visit
Getting a letter or visit from a bailiff is an indication to seek FREE DEBT ADVICE. Our team of debt experts can help you in control of the situation.
We can help you get back on your feet by putting a debt management plan together. You must need to act now before the situation becomes worst.