Lowell Financial, like any debt collection agency, will use a range of methods to recover the money owed. Tactics can include home visits and court action, making it important to take action to handle the situation sooner rather than later.
What happens if I don't pay Lowell? If you ignore Lowell, or ignore a pre-action protocol letter from our solicitors, a claim may be issued against you, which could subsequently result in a Judgment being made against you. This would mean that a Court has ordered you to pay back the money owed to Lowell.
At court, a judge will decide whether you really owe the debt and could issue a court order forcing you to pay. The balance of your debt owed could go up due to fees and interest if you keep ignoring them. If you get in touch and ask for some time to explore your options, they might pause any debt interest.
Yes, Lowell Financial manages debts that originate from a number of other creditor companies including: Mobile phone businesses. Banks. Household bills from utility companies.
Lowell Financial Ltd are a company that specialise in collecting payments of debts owed by individuals. They collect debts on behalf of companies like Vanquis Credit Cards, Capital One, O2, Littlewoods and the like. Chances are they are calling or writing to you because they believe you owe money.
Why is Lowell showing on my credit file? When Lowell purchase a debt from the original company, the debt is 'assigned' to us. A formal Notice of Assignment letter is sent to you to explain this and, from that point, we take over the reporting duty to the CRAs.
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.
If your account has defaulted, Lowell can't immediately remove a default from a credit file, but if you're working with us on a payment plan, we'll let the credit reference agencies know that you've started making payments. Once the debt is fully paid, we'll make sure that your credit file is updated.
Can Lowell remove a CCJ? Lowell can't directly remove a CCJ (County Court Judgment), as it is an order made by the Court. If you've already had a CCJ entered against you and our solicitors are in contact with you regarding the legal action, you should work with them to pay the CCJ balance.
Why are Lowell contacting me? If you've had a letter, email or phone call from Lowell, it's probably us getting in touch to tell you that we've purchased your debt. We'll try to contact you to inform you that Lowell own your debt and to talk about the best way forward for you.
Ignoring or avoiding the debt collector may cause the debt collector to use other methods to try to collect the debt, including a lawsuit against you. If you are unable to come to an agreement with a debt collector, you may want to contact an attorney who can provide you with legal advice about your situation.
Lowell Group was acquired by Permira on Aug 7, 2015 .
The bailiffs that Lowell and their solicitors use are direct employees of the County Court and can be instructed to undertake a number of tasks, but within this guide, we are talking about situations where they have been instructed to collect a debt.
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.
For most types of debt in England, Wales and Northern Ireland, the limitation period is six years. This applies to most common debt types such as credit or store cards, personal loans, gas or electric arrears, council tax arrears, benefit overpayments, payday loans, rent arrears, catalogues or overdrafts.
What happens if a CCJ is still unpaid after six years? The CCJ will be removed from the Register and your credit file after six years. During these six years, the creditor and the court can take further action you. It's very risky to wait for a CCJ to 'drop off' your credit file.
No. The offer can only be accepted if you set a plan or pay the discounted amount in one payment. We can agree when you want to start paying, so that it fits in when you have funds, but a payment will need to be made in a reasonable time frame, such as within 30 days.
My County Court Judgment is over 6 years old, can I get it enforced? Your original County Court Judgment (CCJ) could only be enforced for up to 6 years after it was awarded by the Court. However, you can re-apply to your original Court to get permission to enforce a judgment that it is more than 6 years old.
Your credit score will improve gradually as your defaults get older. This doesn't speed up when you repay a defaulted debt, but some lenders are only likely to lend to you once defaults have been paid. And starting to repay debts makes a CCJ much less likely, which would make your credit record worse.
Defaults remain on your credit report for five years, even after you've paid the overdue amount. These are considered negative marks which could hurt your credit score and decrease your chance of approval for future lines of credit.
After six years, the defaulted debt will be removed from your credit file, even if you haven't finished paying it off. Some creditors will refuse your application when they see the default on your credit file.
Welcome to Lowell Solicitors
We are a specialist law firm providing industry leading litigation and debt recovery services to the Lowell group of companies.
Can a debt collector come to your house without notice? Yes, there's no formal process that debt collectors have to follow, unlike court appointed representatives, such as bailiffs. There are standards debt collectors have to meet and limitations to their powers.
If the bailiff cannot get payment, get into your house or seize any goods from outside your house they may refer your debt back to your creditor. Your creditor may then take court action, make you bankrupt, or in extreme cases, file for imprisonment.
Lowell is a debt collection company on a mission to help our customers take control of their debt. We buy debts from lots of different companies. If we buy your debt, we'll work with you to find an affordable solution that suits you.