Hi everyone

I am having financial difficulty now paying the ongoing interest charges on a £10,400 halifax Mastercard which I took out as a Halifax Visa before 2000 card and they changed it to a Mastercard in 2005/6.

As I can no longer just pay the £230 per month just to reduce the balance by £5 each month.

Please can anyone give me some advice with regard to reducing the repayments or challenging the legallty of the Credit Agreement ?

Any advice would be greatly appreiated.

Hi everyone

I am having financial difficulty now paying the ongoing interest charges on a £10,400 Halifax Mastercard which I took out as a Halifax Visa before 2000 card and they changed it to a Mastercard in 2005/6.

As I can no longer just pay the £230 per month just to reduce the balance by £5 each month.

Please can anyone give me some advice with regard to reducing the repayments or challenging the legallty of the Credit Agreement ?

Any advice would be greatly appreiated.

Please start your own thread, and give us some more detail this sounds a very strange situation!!!

Thanks for the advice

I will never speak to DCA via a phone line as I know they can make treats and then claim not to have said them if they are reported to Trading Standards. I have seen on other website that Lowell have been reported to West Yorkshire Trading Standards on lots of occasions

well no its not SB'ed yet!

 

Well Experian quote the default date as 15/12/06 so they have just 6 months maximum to legally colleect on this. Or less if the last payment date is before that. I think I shall sit on my hands on this one until they actually turn up on my doorstep then I will dispute the debt and have them produce the backup paper to prove that I owe it

They do seem like a statute barred [problem] compay buying old debt and then flexing muscles to collect what they can.

I have received threatening court action letters and an experien default notice from the Lowell Portfolio sharks.

They bought an old statute barred debt from a mail order catalogue of £ 917 and then added more debt to it bringing a default debt to £1544 in March 2011

I don't remember seeing it before on my credit file when it was Shop Direct

but it appearred in March 2011 listed as Lowell and defaulted.

I do actually have a current up to date account with Shop Direct,

which I have had for about 1 year

so I think they might have removed the outstanding debt that Lowell are chasing

As per the Experian Credit report

The default date is 15/12/2006 and the balance was £917 owed to Shop Direct Finane Co Ltd .

It doesn't list any payments just an 8 figure meaning that the account is 12 months in arrears and the agreement has been terminated.

On 13/3/11 Lowell Portfolio Ltd took up the debt and it appears they opened a new account with the outstanding balance being quoted as £1544

I have not made contact with Lowell and have not acknowleged any debt owed to them.

The original payments were made by 'over the counter' bank giro slips

so the payments cannot be back tracked to when the last payment was made but I do think it is over 6 years ago

Many thanks for the advice

Sorry it is so long ago and the debt was my daughter's but the catalogue was in my name I don't have any recollection of thelast payments made

It was a mailorder catalogue and I don't remember when that last payment was made but the default date was 12 th Dec 2006 as taken from my credit file

Hi Everyone

Can someone give mesome advice please.

I received a letter from a debt collection agency Lowell Finance.for a debt of £1600.

So I checked my credit file and found that the debt relates to Dec 2006 and the default debt was £906.

Can a debt collection agency add more money to the original debt ? I have never contacted the original company nor the debt collection agaency yet.

What advice can anyone give me with regards to this

Many thanks