Lowell offered me a settlement. on Cap1 debt

[rambo]

Got a letter today from Lowell offering to settle my unpaid capital one account for £80.

I owe £321.

Ive not had any contact with lowell and am wondering if its a ploy.

Your thoughts?

cheers.

[dx100uk]

a ploy.

 

 

is this on your credit file?

 

 

when did you last pay it?

 

 

dx

[new-me2010]

I had a settlement letter a few weeks back and they said would mark credit file partially settled

 

http://www.consumeractiongroup.co.uk/forum/showthread.php?431961-Lowell-LLOYDS

[Conniff]

If it was a settlement then the cra would reflect that and not 'partially'. That means they can sell the other £241 on to someone else either a mates dca or themselves under another name.

[citizenB]

Unless you can persuade them to confirm, in writing, that this is indeed a full and final settlement and that they will NOT sell the balance on to a 3rd party then it is so much BS !

 

Do also be very careful if there is PPI or penalty/default charges on the account which you might later wish to claim - Capone will most certainly want to offset the refund against any outstanding balance despite there having been a full and final settlement agreement.

[rambo]

Not on my credit file.

I have made no payments for 5yrs(ish)

 

Letter states;

 

All you need to do is contact us within the next 15 days. You can either pay the sum of £80.45 immediatley or by instalments on an affortable payment plan. Once payment or the final instalment is recieved we will close your account".

[renegadeimp]

Personally id ignore. The debt is a lemon debt. Meaning there is clearly something wrong with it.

[dx100uk]

sily fleecers

 

 

if its not on your file

it not hrming you

 

 

they are trying to fleece you

 

 

don't be a mug!!

 

 

dx

[rambo]

Cheers guys.

[citizenB]

Not on my credit file.

I have made no payments for 5yrs(ish)

 

Letter states;

 

All you need to do is contact us within the next 15 days. You can either pay the sum of £80.45 immediatley or by instalments on an affortable payment plan. Once payment or the final instalment is recieved we will close your account".

 

That doesn't look very much like a F&F settlement offer to me ?

[The GodMother]

LOL christmas party time.

I agree ignore this they are chancing there hand for money. As it is 5 yrs ish since payment they are hoping u are stupid enough to pay up.