Is Lowell a legit company?

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.

Who does Lowell debt collector?

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.

What happens if you dont pay Lowell?

What happens if I don’t pay? We’ll try to contact you by phone, email and letter. If you don’t set up a payment plan or tell us about your situation, your account could be at risk of defaulting.

Can Lowell reduce my debt?

Do Lowell write off debts? You may have heard an offer of a discount on the balance of your debt described as a ‘Lowell debt discount’ or ‘Lowell settlement offer’, but we’ll usually just refer to it as a discount, or as an offer of a discount on your balance.

Do debts go away after 7 years?

Even though debts still exist after seven years, having them fall off your credit report can be beneficial to your credit score. Note that only negative information disappears from your credit report after seven years. Open positive accounts will stay on your credit report indefinitely.

How long can I be chased for 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.

How long before a debt is written off?

Can I be chased for a debt after 10 years?

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. Your debt could be statute barred if, during the time limit: you (or if it’s a joint debt, anyone you owe the money with), haven’t made any payments towards the debt.

Can you go to jail for debt?

Not being able to meet payment obligations can make anyone feel anxious and worried, but in most cases, you won’t have to worry about serving jail time if you are unable to pay off your debts. You cannot be arrested or go to jail simply for being past-due on credit card debt or student loan debt, for instance.

Can Lowell affect credit score?

Lowell have access to your credit file, and we may check this to ensure we have the correct information for you (such as your address) and to record payments. When we review your credit file, it shows as a ‘soft search’, which means it can’t be seen by other creditors and won’t impact your credit score.

Can Lowell remove a CCJ?

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.

Who are Lowell Financial Ltd and what do they do?

Lowell Portfolio 1 Ltd lead on debt purchase from other companies and then Lowell Financial Ltd manage that debt and organise repayments with customers. The companies within the Lowell group are authorised and regulated by the Financial Conduct Authority (FCA) to collect debts in the United Kingdom.

Is the Lowell group authorised to collect debts?

The companies within the Lowell group are authorised and regulated by the Financial Conduct Authority (FCA) to collect debts in the United Kingdom. If you have received a letter or a card from this debt collector, contact us immediately for independent, confidential and free debt advice.

Can a Lowell financial company tell a lie?

Lowell Financial cannot use an approach that is threatening, abusive or tell lies to collect debts. If you are worried about the way Lowell Financial is contacting you, you should contact us immediately by calling the number on top of this page, or by clicking “Get Started for Free”.

How can I pay off my Lowell debt?

This means every penny you pay goes straight towards paying off your debt. Work out how much is affordable for you with our budget calculator. Then set up a flexible payment plan so that if your circumstances change, your plan can change too. By visiting us online and learning more, you’ve already started your journey to managing debt.