**Inside-Lowell Group**

[qwerty987654321]

Having previously worked for this atrocious company over a year ago I thought i would share some facts to helps those unlucky one with debts now under the lowell group ownership. Firstly if you have any doubt with a debt you apparently owe question the collector on when i was occurred when it was last paid and specify that you are not acknoldging rthe debt in any form. If you request a CCA always put a timeframe on the request, as this is a weak point to this company. Lowell have statue barred accounts in their collection cycle, if your harrased by them tell them you are recording the call and request politly that to do not wished to be contacted by phone or letter.

***The majority of debt is purchased at 10% of the total value*** as the company is a debt purchaser and specialises in collecting BAD debt (debt that the original company has claimed back of it insurances and that has been through a number of previous collection companies with no success).

 

If looking to settle a debt with Lowell bear this in mind that: collection agents can offer 10% disc, team leaders 15%, group team leader 25% head of collections 50% and directors 75% ( and still make a profit).

 

In order to get a large discount ie 10% - 75% you need to provide speceific details which include the follwing your ocuppation, income, income expenditure, other debts, if you OWN YOUR HOME / HOW LONG? EQUITY VALUE- a key one as larger discounts ar difficult to be agreed by management. So think of your story and stick to it, bear in mind with high balances the compnay will check your credit report to check some of these facts.

 

November , december and january are quite time for the debt industry so the likleyhood of a better discount is within this period.

 

Also the debt management team DMP operate a system which means if you provide an financial statement with your income and expenditure and offer less than £5 per month then after 6 months if you maintain this agreement you will automatically be offered a 50% discount then after 12 months a 75% dicsount. *** Remember that the company cannot cross reference these figures you provide with any other information apart from that possibly supllied on the credit application for the original debt which is often not provided to the company - as the less information attached to the debt = cheaper purchase price = more profits made by the two fat directors and american investors

 

I hope this information is of value and use it to your advantage

[Fred Bassett]

Having previously worked for this atrocious company over a year ago I thought i would share some facts to helps those unlucky one with debts now under the lowell group ownership. Firstly if you have any doubt with a debt you apparently owe question the collector on when i was occurred when it was last paid and specify that you are not acknoldging rthe debt in any form. If you request a CCA always put a timeframe on the request, as this is a weak point to this company. Lowell have statue barred accounts in their collection cycle, if your harrased by them tell them you are recording the call and request politly that to do not wished to be contacted by phone or letter.

***The majority of debt is purchased at 10% of the total value*** as the company is a debt purchaser and specialises in collecting BAD debt (debt that the original company has claimed back of it insurances and that has been through a number of previous collection companies with no success).

 

If looking to settle a debt with Lowell bear this in mind that: collection agents can offer 10% disc, team leaders 15%, group team leader 25% head of collections 50% and directors 75% ( and still make a profit).

 

In order to get a large discount ie 10% - 75% you need to provide speceific details which include the follwing your ocuppation, income, income expenditure, other debts, if you OWN YOUR HOME / HOW LONG? EQUITY VALUE- a key one as larger discounts ar difficult to be agreed by management. So think of your story and stick to it, bear in mind with high balances the compnay will check your credit report to check some of these facts.

 

November , december and january are quite time for the debt industry so the likleyhood of a better discount is within this period.

 

Also the debt management team DMP operate a system which means if you provide an financial statement with your income and expenditure and offer less than £5 per month then after 6 months if you maintain this agreement you will automatically be offered a 50% discount then after 12 months a 75% dicsount. *** Remember that the company cannot cross reference these figures you provide with any other information apart from that possibly supllied on the credit application for the original debt which is often not provided to the company - as the less information attached to the debt = cheaper purchase price = more profits made by the two fat directors and american investors

 

I hope this information is of value and use it to your advantage

 

qwerty,

 

I'm sure it will be of value to someone. Not me personally because I have no debts with Lowells, but it was an interesting insight.

 

Regards.

 

Fred

[Fred Bassett]

I forgot to add, be prepared to get bombarded with questions!

 

Fred

[notsoevil]

I agree with the above! Though I do ask how much equity they have, as more often then not an experian check and quick internet check will let the DCA know roughly how much equity is in a property.

Normally inc and exp details are good enough, and in the currently climate DCA's are eager to settle an account as they know the likely hood of being able to do so in the near future is unlikely!

[dannyboy660]

Quite useful but I often wonder why, as a purchaser, anybody actually pays them at all.

 

They 'offer' a third party factoring service and if you do not accept the service they offer, they can't come between you and the original lender, unless such terms were specified when the original contract was agreed and signed.

 

Oh that's right, I remember now!!! They try to bully and threaten you into believing they actually have some legal right without your consent!!!! :wink:

 

Rather than go looking for discounts, wouldn't it be more fruitful to look for that pot of gold at the end of the rainbow?? Surely it's far better to cut out the third party involvement completely and not acknowledge them at all??

[zazen.warrior]

I just wouldn't bother speaking to them - sorry.

[stonesurfer]

Good evening fellow CAGers!

 

I'm sorry, long time lurker here, not much posting, but had prior dealings with this shower of (EDIT)so forgive me if my observations are cynical:-

 

If looking to settle a debt with Lowell bear this in mind that: collection agents can offer 10% disc, team leaders 15%, group team leader 25% head of collections 50% and directors 75% ( and still make a profit).

 

Utter rubbish. Are you suggesting that it was a director that instigated over 20 letters to myself offering me a settlement that worked out over 78% discount? Aye, right!

 

 

In order to get a large discount ie 10% - 75% you need to provide speceific details which include the follwing your ocuppation, income, income expenditure, other debts, if you OWN YOUR HOME / HOW LONG? EQUITY VALUE- a key one...

 

yeah right, give them a full breakdown of my personal finances that they are not entitled to. "If you own your own home"... hmm, so they can consider a nasty charging order?

 

November , december and january are quite time for the debt industry so the likleyhood of a better discount is within this period.

 

Well, how convenient that this is the next quarter coming! Lowell trying to bump up their figures for the coming months are they? Fall for that one, I think not!

 

if you provide an financial statement with your income and expenditure...

 

If Lowell provide a VALID CCA first, I might have conversed with them. Anything less, they can go (EDIT) emselves and I don't have to provide anything.

 

In summary, I believe this to be an untrue posting with an ulterior motive.

Edited October 14, 2008 by freakyleaky
BYPASSING SWEAR FILTER.

[make them aktiv runners]

Having previously worked for this atrocious company over a year ago I thought i would share some facts to helps those unlucky one with debts now under the lowell group ownership. Firstly if you have any doubt with a debt you apparently owe question the collector on when i was occurred when it was last paid and specify that you are not acknoldging rthe debt in any form. If you request a CCA always put a timeframe on the request, as this is a weak point to this company. Lowell have statue barred accounts in their collection cycle, if your harrased by them tell them you are recording the call and request politly that to do not wished to be contacted by phone or letter.

***The majority of debt is purchased at 10% of the total value*** as the company is a debt purchaser and specialises in collecting BAD debt (debt that the original company has claimed back of it insurances and that has been through a number of previous collection companies with no success).

 

If looking to settle a debt with Lowell bear this in mind that: collection agents can offer 10% disc, team leaders 15%, group team leader 25% head of collections 50% and directors 75% ( and still make a profit).

 

In order to get a large discount ie 10% - 75% you need to provide speceific details which include the follwing your ocuppation, income, income expenditure, other debts, if you OWN YOUR HOME / HOW LONG? EQUITY VALUE- a key one as larger discounts ar difficult to be agreed by management. So think of your story and stick to it, bear in mind with high balances the compnay will check your credit report to check some of these facts.

 

November , december and january are quite time for the debt industry so the likleyhood of a better discount is within this period.

 

Also the debt management team DMP operate a system which means if you provide an financial statement with your income and expenditure and offer less than £5 per month then after 6 months if you maintain this agreement you will automatically be offered a 50% discount then after 12 months a 75% dicsount. *** Remember that the company cannot cross reference these figures you provide with any other information apart from that possibly supllied on the credit application for the original debt which is often not provided to the company - as the less information attached to the debt = cheaper purchase price = more profits made by the two fat directors and american investors

 

I hope this information is of value and use it to your advantage

 

Interesting insight. A little surprised though at your lack of stating how many enforceable CCA's are around. Bearing in mind the last sentence, you have failed to cover the fact some of the debtors are actually in a position to dictate what is a fair settlement figure without providing Lowell any personal detail whatsoever.

[ODC]

Why on earth should anyone be foolish enough to give the Leeds Losers details of their income, the value and equity of their house. The only reason these clowns offer a discount is because they know that without a properly executed CCA they are totally Donald Ducked.

 

Methinks qwerty speak with forked tongue

[Newborn]

Sorry qwerty, but I recoiled in horror when I read your post! Only tell a DCA 2 things:

1. In writing only.

2. Where's the CCA?

You are at best very naive.

[PriorityOne]

 

In order to get a large discount ie 10% - 75% you need to provide speceific details which include the follwing your ocuppation, income, income expenditure, other debts, if you OWN YOUR HOME / HOW LONG? EQUITY VALUE- a key one as larger discounts ar difficult to be agreed by management. So think of your story and stick to it, bear in mind with high balances the compnay will check your credit report to check some of these facts.

 

 

You don't NEED to give them any such info.... and the liklihood of them finding out is not as you state. None of mine did... Tell them the equity value ?.... you've got to be KIDDING !!

[PGH7447]

Tell them my financial details yeah right, why not just give them my bank details while I'm at it.

 

Sorry but this seems like a bid by someone to up their yearly bonus:mad:

[mr.ton]

I am suspicious of Querty, but anyway.....

 

Lowells have no legal right to any information WHATSOEVER & they have no authority over an individual WHATSOEVER.

Only the local county court has that.

So the only thing you need to provide Lowells with is ways of saying "get lost" in language of your choosing

[ODC]

The quality of the DCA Trolls and Guests on this Forum is getting worse. Before all they did was say '' You borrowed the money you must pay it back'' Now they try to convince us they really are on our side.

 

Personally I blame the Credit Crunch and Gordon Brown.

 

Macdonalds must be getting all the DCAs best recruits.

 

Good afternoon sir would you like fries with your CCA request

[mr.ton]

Thats the way i see it ODC

If someone comes on here & says we are this,that & the other & we must do this,that & the other - then fair play to them at least for being straightforward.

But when someone tries it on by pretending to be on our side.....

[alfwithhair]

I wouldn't tell Lowells or any other DCA anything about my financial curcumstances. If they can prove the debt is enforceable, then I would offer what 'I' can afford, if they can't they would get nothing, No Payment, No info, No nothing.

[ODC]

qwerty,

 

I'm sure it will be of value to someone. Not me personally because I have no debts with Lowells, but it was an interesting insight.

 

Regards.

 

Fred

 

Ha ha

 

Nobody has any debts with Lowell. They purchased debts that people had with Banks and Credit Card Companies and then try to make a fast buck from them by all sorts of methods irrespective of whether the Debt is Statute Barred or UNENFORCEABLE,

[mr.ton]

A sudden influx of guests on this thread...5 of them

[alfwithhair]

Ha ha

 

Nobody has any debts with Lowell. They purchased debts that people had with Banks and Credit Card Companies and then try to make a fast buck from them by all sorts of methods irrespective of whether the Debt is Statute Barred or UNENFORCEABLE,

 

Correct. LOL.

Are they Mucky Halls' relatives?

[ODC]

There is certainly an unhealthy relationship between the Leeds Losers and the Kilmarnock Cowboys.

[ODC]

A sudden influx of guests on this thread...5 of them

 

 

[belle99]

 

 

i like it!

[Dorabell]

You do make me laugh ODC :lol:

[Having_A_Knightmare]

ODC I am getting the feeling you do not like Lowells!!!

[UnmoderatetheNet]

I think it's very funny that DCA's are reduced to posting untrue information on here in lame attempts to improve collections.

 

You know who you are.

 

Post 1 is utter rubbish but very amusing.