I never expected this !!

[China.Blue]

Lowell have been on my back for £903 which they say I owe Home shopping.

 

I accepted responsibility for £650 which is the actual amount.

 

For months they have refused to lower this figure to the amount I readily accept , and insist I pay them the £903.

 

I have told them on many occasions , (never by phone , but by email only) to GFT's.

 

Following advice on CAG , I contacted them , again by email , and told them that as we are on full benefits ,

I will pay them £1.00 per month.

 

I recieved a email from Lowell yesterday saying that they will accept £1.01p a month over 900 months if I agree to the £903 that they want.

 

That would take 75 years to pay off!!.

 

Should I accept their offer ?

 

It would be very nice to get these of my back , but if I agree their terms , would this mean that if I accept that I would have agreed to the £903 they say I owe?.

 

They also say I could pay a one off fee of £700 to settle.

 

I can honestly say I never expected Lowell to agree £1.00 a month !!!

[havinastella]

You say you owe £650 so the rest would be charges?

 

I think if you reclaimed the rest they say you owe, with compound interest and Stat interest at 8%, you could wipe the full debt out.

 

JOgs

[China.Blue]

You say you owe £650 so the rest would be charges?

 

I think if you reclaimed the rest they say you owe, with compound interest and Stat interest at 8%, you could wipe the full debt out.

 

JOgs

 

You are correct , the rest is for charges. But how could I possibly reclaim the rest they say I owe , when this has been unresolved?

[havinastella]

Do lowlife claim they own this or are they collecting for shop direct?

 

I would be inclined to SAR shop direct.

[China.Blue]

Do lowlife claim they own this or are they collecting for shop direct?

 

I would be inclined to SAR shop direct.

 

They say it has been passed to them so I assume Shop direct have nothing to do with it. Forgive me , but what is SAR ?

[havinastella]

Just click on the BOLD SAR to take you to the letter!

[China.Blue]

Just click on the BOLD SAR to take you to the letter!

 

Thank you !! Funny isn't it !! I have just noticed your name and that is exactly what I am doing................enjoying a nice cold Stella !! I will click the SAR and take it from there. Once again , thank you.

[citizenB]

I think it might be dangerous to accept that you owe them £903 if you only owe them £600.

 

If you admit to the higher figure they could issue a statutory demand as it over the threshold of £750.00.

 

A stat demand is a precursor to a bankruptcy petition.

[renegadeimp]

Agreed CB. Reading through and knowing Lowells history it does seem like this is what they are trying to get. Especially with the 75 year repayment plan.

[havinastella]

Excellent advise from CB, I was looking for the figure for the SD and was going to make that point (Honest)

[Jam_Buttie]

Refuse their offer of £1.01 and state that the MOST you can afford is £1.00 per month. To be reviewed in 6 months time.

 

If you want to REALLy annoy them, say it will be reviewed in 2 months time - I'm just annoying a DCA with this line at the minute lol

[unclebulgaria67]

Be a bit careful with Lowell. If you accepted the debt was £903, paying £1 a month, it would not surprise me, if they went for a CCJ, just so it was on a legal footing and they would add the cost of doing this. Also a debt above £750 would mean they could go for backruptcy if you stopped paying and Lowells like issue statutory demands for smallish debts. So definitely don't accept £903. Enter into dispute with whoever own the debt and challenge the charges. Tell them you will pay £1 a month towards a £650 debt and await resolution of a complaint about the legality of the charges.

[renegadeimp]

Lowell are very well known for using underhand tactics to get what they want.

[BankFodder]

If you did accept the installment plan, I think that you should be very careful to make it clear in writing that you only owe £650 and that you have no other liability but in return for no action being taken and for being allowed to pay installments, you are prepared to pay an additional £300 in extended installments. Tell them that you want written confirmation that this is what they accept.

 

I don't see how this could be challenged in any court. It amounts to a binding contract upon them to accept the £900 and to take no further action.

[China.Blue]

I made it abundantly clear to Lowells that I have no intention of even contemplating their figure of £903 , and that I will re-pay £650 at the rate of £1.01p per month by standing order. They now tell me I have to wait up to 28 days before receiving a reply. I have to say a big thank you to all of you that gave advice and information. I have to admit that I had no idea about a £750 threshold......thank you CB !! Bankfodder , forgive me if I read this wrong , but your suggestion of paying an additional £300 in extended installments (presumably on top of the £650) would surely mean that at the end of the day , they are getting what they originally wanted , namely £903 ?. Why would I do that when I only owe £650?

You know far far more than me on this subject hence your position and over 16,000 posts, so there is a good reason why you suggest that. But I personally fail to see it !!. Could you please enlighten me ?

[renegadeimp]

28 days for a response is very strange. Jsut be careful there not trying to do anything.

[panther12]

I think what BF means is that the additional £300 is not part of any debt owed but you are prepared to pay that on top of the agreed debt of £650 as a gesture of them accepting the monthly instalment of £1 - and they agree not to take any further action to enforce the debt whilst the monthly payments are maintained. I guess at 75 years to pay off, with infation & cost of living the extra £300 by that time won't be worth a great deal anyway. That's assuming you last that long!

[China.Blue]

I think what BF means is that the additional £300 is not part of any debt owed but you are prepared to pay that on top of the agreed debt of £650 as a gesture of them accepting the monthly instalment of £1 - and they agree not to take any further action to enforce the debt whilst the monthly payments are maintained. I guess at 75 years to pay off, with infation & cost of living the extra £300 by that time won't be worth a great deal anyway. That's assuming you last that long!

 

Thank you for clarifying that !!. I still can't believe they can be that obstinate. The 75 years is based on the figure of £903 over 900 months. As I have told them I am only going to pay £650 , that should bring it down a tad , but you are right..............I won't be round long enough.

[China.Blue]

28 days for a response is very strange. Jsut be careful there not trying to do anything.

 

I am not used to the workings of these people. You say it is strange? What would be the usual period before recieving a reply?. What could they do?. You know far better than me the limits these lice can go to.

[havinastella]

Just get the SAR sent Cb