Have a £768.23 debt originally from Cap One credit card.

Stopped paying when I lost my job.

This has been sold to Lowells who have been sending me the usual threatening letters, indispersed with discount offers for a few months now.

They have now sent a 'Pre-legal Assessment' letter which informs me that they know I am working, a home owner, and service other debts.

They also state that they are willing to accept whatever amount I suggest for a 'repayment plan' but would go down the Court route if they do not hear from me.

Advice on how best to proceed would be great as am about to be made redundant in March.

Thank you.

Have a £768.23 debt originally from Cap One credit card. Stopped paying when I lost my job. This has been sold to Lowells who have been sending me the usual threatening letters, indispersed with discount offers for a few months now.

 

They have now sent a 'Pre-legal Assessment' letter which informs me that they know I am working, a home owner, and service other debts. They also state that they are willing to accept whatever amount I suggest for a 'repayment plan' but would go down the Court route if they do not hear from me.

 

Advice on how best to proceed would be great as am about to be made redundant in March.

 

Thank you.

When did you take out this Cap1 account originally ?

When did you stop paying it ?

Do you have other debts ?

What is the total of the debts you have ?

Do you have a debt management arrangement to pay other debts ?

Lowell don't normally issue court claims themselves. It gets farmed out to legal debt collection firms who write out to people before issuing claims.

Can you answer the above and we might be able to offer some advice.

Your life and family come first - well before the needs of Lowell. Do not enter any discussion at this stage and certainly do NOT phone them. This is a standard threatogram.

Can you give us more history? When was the card taken out and when did you stop paying? Have you paid anything during that time or have you acknowledged in writing whilst in default that you accept responsibility for the debt?

Personally I would wait for now and see what happens next. Most probably there will be a series of further letters, maybe offering a discount, but I would still hold off until you get a Letter Before Claim. That is the time to CCA Lowell to see whether they are even able to enforce the debt.

oh god not the pre school assessment letter from lowells

was it the one in red crayon

probably the one in red crayon and a half star for trying

oh god not the pre school assessment letter from lowells

 

 

was it the one in red crayon

Considering Ive just woken up and this is the first thing I read.... Jesus this made me laugh...

OP... This will get farmed out to one of Lowells potential solicitors, however Lowell also have their own legal team now so could be interesting. I personally would send a CCA request now to see if they have the legal documents before it hits court... But Others may advise differently.

Since this is a threat why not SAR the OC now whilst you still have time. Get a copy of the agreement reclaim the fees.

Fiona

Come back for more advice about this. Remember that if you have debts which you are not paying which exceed £5k, then certain companies will look at bankruptcy down the line as a possibility, if they note you own property. They should go down the CCJ route first and you would get opportunity to defend or pay. This does not appear to be on the horizon yet.

I only mention this, as i saw your thread about another catalogue debt exceeding £5k.

Armed with more information, we would be better placed to offer advice. Don't bury your head, until you get a court claim through the post.

Fiona

 

Come back for more advice about this. Remember that if you have debts which you are not paying which exceed £5k, then certain companies will look at bankruptcy down the line as a possibility, if they note you own property. They should go down the CCJ route first and you would get opportunity to defend or pay. This does not appear to be on the horizon yet.

 

I only mention this, as i saw your thread about another catalogue debt exceeding £5k.

 

Armed with more information, we would be better placed to offer advice. Don't bury your head, until you get a court claim through the post.

One other thing Fiona... Lowell have been slapped on the wrists forum issuing Statutory Demands like raindrops...

They will issue if they feel they can chance it...

The other debt is with another DCA, but both have threatened bankruptcy to debtors. Lowell have previously bought other debts, so they have enough to go for bankruptcy.

But from what i have seen, most companies now seem to follow the FCA rules and will go down the CCJ route first.

NO leave be as we can fight them , publicize and they may start getting it right! we are not here to correct a very large organisation methods and systems.