Lowell 60% discount letter on 1999 Cap 1 card debt ive been blindly paying for years.

[2Tiko]

Hello caggers

 

I've received a letter from Lowell offering 60% discount on my balance of £6082.00 - I went back to them (possibly not the right thing to do) and offered them 25% of the debt which they have refused.  

 

Original creditor = Capital One

Type of credit = credit card taken out in April 2005

Currently paying Lowell £1 a month 

Defaulted date = April 2006 (so no longer on my credit file)

Charges and interest has been frozen

 

I'm wondering now if I need to pay them anything, although they do have the original credit card agreement which is what worries me.

 

I've also moved but not had chance to tell them yet (my mail has been forwarded).

 

Any advice would be gratefully received

 

x

[Badtimes123]

Hello 2Tiko!

 

Alot of what you said is very good news!! (the age of the debt, that you are paying £1PCM etc etc) - very good indeed

 

Advise them of your new address by post ASAP! this has to be done urgently to prevent backdoor CCJ's

 

So have you already sent them a CCA and posted their response on CAG for review/comments? if not, please do this but only after you've changed your address

 

Should they not comply with the CCA request in full, then you can stop paying them

 

BT

Edited June 6, 2022 by Badtimes123

[theberengersniper]

I was expecting DX to pop in and say that offering you that big a discount means something is fishy...

[dx100uk]

why have you been blindly paying a DCA £1PCM for years running the statute barred date to infinity?

doubt we ever told you to do that, you've been here long enough and should know the ropes ?

 

dx

 

 

[2Tiko]

I've got the Credit Card Agreement - do I post it here or somewhere different?

 

Wrists duly slapped

 

I'll cancel the DD and let them know my new address, as advised above.

 

What's the worst that can happen?

 

[dx100uk]

hit upload and read our guide

100's of like thread to read in the forum you posted this in

best way to answer all your questions.

 

self help.

 

 

dx

 

[2Tiko]

Copy of CCA - I've removed my own signature and address etc

 

Copy of credit agreement.pdf

[AndyOrch]

Quote

I've removed my own signature and address etc

 

Not sufficiently...upload unapproved. Please redact properly.

 

Andy 

[dx100uk]

PDF sorted

 

that is not a consumer credit agreement

its a return of a flyer.

 

totally unenforceable 

and if that is all they have

no wonder they are offering such high discounts after sending a PAPLOC and getting a reply

 

total pants!!

 

and no wonder its from 1999

no creditors have ever produced any agreement for that period

 

bye bye debt

 

 

dx

[2Tiko]

There was a whole load of paperwork they sent me, but as far as I can tell this is the only document with my signature on it (I might need to double check that).

Interesting that you mention "no creditors have ever produced any agreement for that period" - which is good news for me;-)

should I still let them know my new address?

And moving forward, I just ignore their letters?  And if in doubt, just check with you lovely people?

What does PAPLOC mean please?

And if in doubt, just check with you lovely people?

[dx100uk]

When we ask for paperwork we need all of it 

Inc the t&C's which should have your name and ad for time of takeout at the top of page 1 , we don't need statement s 

 

Dx

[2Tiko]

I've scanned all the paperwork (minus the statements) but the file is too big to upload

[dx100uk]

then read upload and use the websites listed.

 

dx

 

[2Tiko]

Thanks @dx100uk - here's the compressed file

 

Lowell CCA Return 1999 Cap1 Card V6#.pdf