MFDP Ltd has purchased your debt from your original creditor and is now the legal owner. This means your account number and the company name on your credit file will change to MFDP Ltd.
We will not add interest to your balance. Legal costs would only be added if your account is referred for legal action and if we can agree on a repayment plan with you directly, that will not be necessary.
We have been approved by the Financial Conduct Authority to manage this debt. All checks were carried out before the debt was purchased to confirm it is valid and recoverable.
All the relevant information was also obtained from the original creditor. However, if you would like more information, please get in touch with us on our contact page
If you regularly check your credit score (which we recommend you do), you may notice that MFDP Ltd is now listed against this debt instead of the original creditor. Going forward, we’ll update the Credit Reference Agencies with any changes, such as the updated balance once you start to repay the account.
Don’t worry, many of our customers have set up an affordable monthly repayment plan by using our handy budget planner to determine the best repayment solution for them. We can even consider more suitable repayments for your circumstances such as weekly, fortnightly or even 4 weekly payments.
Please don’t ignore our communications, we really want to work with you to help you become free of this debt. If you are going through financial difficulties, please get in touch so we can review the situation and help you move forward. We’ll never expect you to pay more than you can afford.
If you have any questions, please get in touch with us through any of the methods detailed on our contact us page, or take a look at our FAQs, which may answer your question.
