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Lowell Portfolio Default
Girlyshopper
Posts: 30 Forumite
Hi
Sorry if this has already been covered elsewhere on the forum (pretty sure it has), but I have just obtained my credit report from experian and it does list all of my accounts. I am in my last year of a DMP and out of 10 creditors I only have 3 defaults issued against my name to date.
Anyway, one of the defaults is for Lowell. This was originally a debt with littlewoods and it was sold to them. My question is do they have the right to issue a default against me, when I never actually had a credit agreement with them? Littlewoods have not listed any defaults against my credit file.
Thanks
GS
Sorry if this has already been covered elsewhere on the forum (pretty sure it has), but I have just obtained my credit report from experian and it does list all of my accounts. I am in my last year of a DMP and out of 10 creditors I only have 3 defaults issued against my name to date.
Anyway, one of the defaults is for Lowell. This was originally a debt with littlewoods and it was sold to them. My question is do they have the right to issue a default against me, when I never actually had a credit agreement with them? Littlewoods have not listed any defaults against my credit file.
Thanks
GS
Lightbulb moment: October 2009 ¦ DMP began: May 2010
Total Debt at LBM: Circa just under £9K 
¦ Total Debt (after the interest and charges from the lovely Halifax only!): £11,767.02:mad:
¦ Total Debt (after the interest and charges from the lovely Halifax only!): £11,767.02:mad:
Debt Free Date: [STRIKE]December 2011[/STRIKE] now January 2013 :j
:eek:I HAVE NOTHING TO SHOW FOR £11,767.02:eek:
0
Comments
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What tends to happen is that Littlewoods would have originally recorded the default, then when Lowells bought the debt the default record would have it's name changed over to Lowells.
That is OK, and is officially what should/can be done according to the ICO's opinion on the matter.Free/impartial debt advice: National Debtline | StepChange Debt Charity | Find your local CAB
IVA & fee charging DMP companies: Profits from misery, motivated ONLY by greed0 -
Hi Fermi
Thanks for the speedy response.
Thanks
GSLightbulb moment: October 2009 ¦ DMP began: May 2010Total Debt at LBM: Circa just under £9K ¦ Total Debt (after the interest and charges from the lovely Halifax only!): £11,767.02:mad:
Debt Free Date: [STRIKE]December 2011[/STRIKE] now January 2013 :j:eek:I HAVE NOTHING TO SHOW FOR £11,767.02:eek:0
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