If you ignore
What happens if I ignore you? We'll keep trying to get in touch with you by letter, email and phone. If we don't receive a response after a certain amount of time, we may pass your account to one of our external solicitors. Just like we do; the solicitors will try to contact you.
If you still don't get in touch or make a payment, Lowell Solicitors could decide to take enforcement action, which might include sending bailiffs to your home.
Ignoring Debt Collectors Can Lead to a Debt Collection Lawsuit. Worst-case scenario: They can file a lawsuit against you. Debt buyers may also sue you. Once a creditor or debt collection agency files a lawsuit, it's even riskier to continue ignoring it.
If you have received a letter from Lowell, it is likely that your creditors have sold off your outstanding debts to Lowell Financial. This letter will include a request for the outstanding debt repayment as well as any addition fees and interested applied by Lowell Financial.
If you do not respond, they may take legal action which could result in fees, charges and interest being added to what you owe. It could also result in a County Court Judgement (CCJ) which may impact your credit score and could lead to action such as requesting that a bailiff visits you at your home.
Lowell Debt Collectors can contact you because they have bought a debt that you've failed to repay. Lowell Financial is a debt collection agency that buys debts from other companies for collection. The debt is now legally owed to Lowell Financial, and if you ignore them, the fees and interest will continue.
The Fair Debt Collection Practices Act (FDCPA) prohibits debt collectors from using abusive, unfair, or deceptive practices to collect debts from you, including: Misrepresenting the nature of the debt, including the amount owed. Falsely claiming that the person contacting you is an attorney.
If you are struggling with debt and debt collectors, Farmer & Morris Law, PLLC can help. As soon as you use the 11-word phrase “please cease and desist all calls and contact with me immediately” to stop the harassment, call us for a free consultation about what you can do to resolve your debt problems for good.
Even though there is a period that they may file or take you to court, this does not mean the debt is forgiven. Some debts are exempt from the regulations, meaning they never go away.
Fully regulated, for your peace of mind
Lowell Financial are authorised and regulated by the Financial Conduct Authority. We're a member of the Credit Services Association and adhere to their Code of Practice.
Do Lowell write off debts? Because of the range of options that we can offer to help you manage your account, it's unlikely that we would just write off an account. However, in some cases, we may be able to offer a discount on your account.
Lowell Financial Ltd is a legitimate debt collection company, and not a scam. We're authorised and regulated by the Financial Conduct Authority (FCA) and we adhere to strict regulations put in place by public bodies like the Information Commissioner's Office.
Answer: Yes, you can negotiate with Lowell Debt Collection if you're unable to pay the full amount owed. It's important to be clear about your financial situation and what you can afford to pay.
write off. It may be possible to write off any debts that you have with Lowell group if you have a total of £5000 or more of unsecured debts. The total debt balance can include loans, credit cards, catalogues, payday loans, overdrafts and any other unsecured debt.
Usually a default on your credit file will date back to the original lender you had a credit agreement with. Once Lowell has purchased your debt, the default transfers along with the debt – so a default on your credit file may show as coming from Lowell even if it was initially registered by the original company.
Don't provide personal or sensitive financial information
Never give out or confirm personal or sensitive financial information – such as your bank account, credit card, or full Social Security number – unless you know the company or person you are talking with is a real debt collector.
Debt collectors cannot harass or abuse you. They cannot swear, threaten to illegally harm you or your property, threaten you with illegal actions, or falsely threaten you with actions they do not intend to take. They also cannot make repeated calls over a short period to annoy or harass you.
By paying the collection agency directly, the notification of the debt could stay on your credit report longer than if you attempt to use another option, like filing for bankruptcy. When institutions check your credit report and see this information on it, it may harm your ability to obtain loans.
Let's Summarize... If you're facing debt collection, it's important to understand how the process works and what options you have. If you ignore a debt in collections, you can be sued and have your bank account or wages garnished or may even lose property like your home. You'll also hurt your credit score.
As a debt collector, Lowell Financial does not possess the legal rights to seize assets like an enforcement agency can. At most, they are only able to ask you to pay back your loan or arrange an appropriate payment plan for your debt.
Key Takeaways
Even if you owe money, debt collectors aren't allowed to threaten, harass, or publicly shame you. You have the right to order a debt collector to stop contacting you, and they must comply. If there's a mistake, and you really don't owe the debt, you can take steps to remedy the error.
For most debts, the time limit is 6 years since you last wrote to them or made a payment. The time limit is longer for mortgage debts. If your home is repossessed and you still owe money on your mortgage, the time limit is 6 years for the interest on the mortgage and 12 years on the main amount.