Lowell Debts

[dx100uk]

why have you been blindly paying a DCA on any debts without requesting they provide the signed agreement?

 

you do realise a DCA is NOT A BAILIFF

and have

ZERO legal powers..

 

I'm frightened of being ripped off by them after reading up on them,

 

bit late for that

I suspect each one you've sofar paid off you've already been cash cowed blind.

 

statute barring runs from your last payment

once a debt is defaulted, its removed 6yrs from the defaulted date regardless to payment

you don't HAVE to pay your debts off to get them off your file the default is STILL there regardless

 

infact, in 99% of cases you might as well have burned the money you've paid for all the good it does your score...

 

what type of credit debts are outstanding.

[dx100uk]

forget settling

doesn't help you file at all.

once defaulted that's it doesnr matter if its shown as partial or whatever

 

sorry but you've wasted £1000's here and paid for their holidays for years !!

 

send lowells a CCA request for each account you are thinking of settling.

 

NO CCA = NP PAY

[dx100uk]

Thank you for your response dx100uk for the advice so but I still am not 100% clear of what I should do in my situation.

 

I was under the impression that;

 

- If I pay the outstanding amounts on the defaulted accounts these accounts will be "Satisfied" and no further action can be taken and those accounts will drop off my credit file after some time.- they drop off on the defaults 6th birthday regardless to if paid, paying or not.

IF you paid the full outstanding amount, they will be marked as settled/satisfied then there is nothing to sell on.

IF you only short settled then they will be marked as partial settlement, the remaining balance still exists and could be sold on. The marker of settled/satisfied or partial settlement makes no difference to you score and has no effect toward the still defaulted account dropping of on the defaults 6th birthday.

- As I have already been paying monthly installments against the two final defaults I am deemed to have acknowledged them and I do indeed have to clear them

- not until they produce enforceable paperwork that legally proves they own the debt and the debt is not all/mostly penalty charges/extra interest or PPI all of which is reclaimable against the original creditor

or I will revert back to step 1 and defaults will continue until legal action is taken against me or 6-7 years when they drop off my file and are stature barred?

- there is no link between defaulted date and state barred date. SB runs from your last payment date. Defaulted date is that registered by the original creditor and can never be changed, unless they filed it late and you complain to the ICO. a DCA cannot change that date.

 

 

I was also told (verbally) by Lowell that the fact the amounts on the default lessen, my credit file will become more attractive to lenders.

- total rubbish DCA sprout to convince you to pay them free money to their pocket you should NEVER EVER RING A DCA OR TALK ABOUT YOUR DEBTS TO A DCA OVER THE PHONE. WRITTING ONLY PUT THE PHONE DOWN. A DCA WILL SAY ANYTHING THEY LKE OVER THE PHONE WHICH CAN NEVER BE PROVED THAT THEY WOULD NEVER PUT IN WRITING TO SPOOF YOUINTO BECOMING A CASH COW TO FUND THEIR HOLIDAYS ON THE FREE MONEY YOUR ARE BLINDLY GIVING THEM.

 

You suggest I send a CCA request & should I do this now - yes on every debt you are still paying unless it is a mobile phone account or a bank account/OD.

I have already been paying for these two accounts for years (like 4 years now..)

- I know in the past they have provided me information, letters of agreements but I don't know if they were agreements I have accepted with them now.

- you want a copy of the enforceable signed credit agreements . making an agreement to pay a dca means nothing upon enforceability of a debt

 

After each of the other accounts were paid I received acknowledgement from Lowell in form of email/letter stating that the account had been cleared and default altered to "satisfied". - shame you got cash cowed blind.

 

Please note that I have extremely little knowledge of these types of scenarios, - that's obviously because you've blindly been talking to these fleecers on the phone for god knows how many years and have swallowed all the rubbish they have told you.

 

 

I only ever thought it was unfair that if I had ignored these defaults - why? if the OC wanted their money, why didn't THEY take you to court rather than sell the debt on for 10P=£1 to a DCA and let the DCA fleece you blind for the full amounts?

I could have had them wiped from my file by now if no legal action was taken but by paying them I am almost handicapping myself further until they are paid,

- no they still fall off you file on the defaults 6th birthday. thus not harming you.

 

 

I imagine the "Satisfied" default remains for a further 6 years after my final payment on each? Great.

- no they drop off on the defaults 6th birthday regardless to if paid, paying or not.

 

I imagine you have answered these types of questions a million times but any information you can give me to help is extremely valuable to me so thank you

 

Patrick

 

 

dx

[dx100uk]

The Information Commisioners Office says:

.

All references to a defaulted debt must be removed from your credit files after 6 years

has passed from date of default, whether paid off, paying now or not.

.

{the WHOLE ACCOUNT WILL VANISH, never to return}.

.

{however, this does not mean the debt itself is not still owed

consider a CCA request.}

.

This is so that someone who continues paying something

- even after 6 years from default

- should not be at a disadvantage to someone who pays nothing after default

and ends up with a clean file after 6 years.

.

NOTE: {the bracketed text is not Information Commisioners Office guideline but my advise]

 

.........

 

the debt summary will show a defaulted date forget the calendar section. means nothing.

 

I hate fleecing DCA's and the way they cash cow people.

 

if everyone stopped paying them tomorrow

the whole dirty industry would collapse overnight.