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I get the occasional letter from Lowell regarding debts as old as 12 years :/

 

I got one yesterday and i traced the debt back to 11 possibly 12 years ago so is well SB by now,

also no longer on credit report and has not been for years.

 

 

Are they just buying these debts for pennies in the pound and hoping,

The letter wasnt even threatening, it was more begging me to get in touch and at least make a offer of payment..

.... No chance on a SB debt.

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Are they just buying these debts for pennies in the pound and hoping,

 

Yep that is exactly it.

 

Many, many people don't now their rights so SB debt is still a profitable business for these outfits.

 

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I get the occasional letter from Lowell regarding debts as old as 12 years :/

 

I got one yesterday and i traced the debt back to 11 possibly 12 years ago so is well SB by now, also no longer on credit report and has not been for years. Are they just buying these debts for pennies in the pound and hoping, The letter wasnt even threatening, it was more begging me to get in touch and at least make a offer of payment...... No chance on a SB debt.

 

Have there ever been any CCJ's or mortgage/secured debts ?

 

In your other thread about legal papers trying to be delivered, could it possibly relate to you ? If it could be, I should imagine that Lowells believe they have an enforceable debt e.g a CCJ that was not paid.

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Remember, these companies bulk buy these debts so they dont check the validity when they bulk buy them.

For that reason its safe to assume that it is probably a phishing letter

 

We could do with some help from you.

 

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**Fko-Filee**

Receptaculum Ignis

 

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