If you see the name lcs debt contact number on your credit report it means you have an unpaid debt to a creditor. The company functions as a debt collection agency and acquires unsettled accounts from original creditors who give up on trying to collect the money owed by consumers. Having a collection account on your credit report will affect your ability to secure loans or financial approvals in the future.

Do I really owe this debt to LCSD?

Debt collectors can often be intimidating and scary but they are regulated by the Fair Debt Collection Practices Act. If they break the rules they can face fines or even lose their licence. That is why it’s important to check if you do actually owe this debt. You have the right to request a detailed breakdown of the debt from the debt collection agency. This should include the original amount owed, any charges or interest added and whether you have already made payments towards the debt.

Unless they are working on behalf of HM Revenue and Customs (HMRC) or the police they will only be able to use letters and phone calls to try and recover what you owe. If they do start chasing you for money it could be worth checking if you are eligible for one of the many debt solutions available in the UK. These solutions could help you pay back what you owe at an affordable rate or even write off your debt completely.