Lowell finance

somersetman68

Hi everyone, can anyone help me or put me in the right thread that can, i have today recieved a letter from Provident Personal Credit saying that, Lowell finance have sold all the rights to them relating to a debt i have with Vanquis. I havent paid them as it was in dispute some years ago (to be honest it was prob around 5/6 years ago), My question, is this still recoverable? as i have read on this site about statue barred debts and what should my next step be.

Many Thanks to all who reply.

fatbelly

Provident will offer you a 0% loan and a 10% discount on the balance. This is sharp practice, as they seem to be buying debts that are, or almost are, statute barred. Of course the new loan will be completely enforceable for the next six years if you sign up and then default on it.

So the advice is to ignore as far as possible. Decline any kind offers if they are made by local collectors on your doorstep, and in the remote chance of court action, defend on the grounds of being Statute Barred.

Some other threads on this:

https://forums.moneysavingexpert.com/discussion/3928549

https://forums.moneysavingexpert.com/discussion/3847269

Lensman_2

Good advice from Fatbelly.

I might write to them advising that they are acting on an account that had been in a dispute that has not been resolved for many years. Remind them that the OFT guidance requires that all recovery activity should cease on an account that is in dispute.

Only do this if the dispute is solid. Ignore per FB's advice above otherwise.