Lowell full and final settlement

Olza23

Hi all, I have three defaulted accounts within the last 2-3 years which are now with Lowell, I owe around £1709 to them.

I'm not disputing what I owe by any means and have been making payments, however I mentioned to them this evening that my circumstances have changed and that this will no longer be affordable.

They then started to discuss the possibility of a final settlement which is what I want to do but how do I go about doing it?

Why is everyone making threads about Lowell? Am I missing something here?

How can one act responsibility to try and sort out the mess he is in?

Many thanks all.

thewhiteavenger

Have you read this?

https://www.nationaldebtline.org/EW/factsheets/Pages/24%20EW%20Full%20and%20final%20settlement%20offers/Default.aspx

and this

http://debtcamel.co.uk/debt-options/less-common/full-final/

Olza23

Yes read it. Many thanks.

I've no doubt the debts are mine. I want to do the responsible thing, they emailed me an official letter stating this is the final payment for all of the debts.

I want to do the right thing!!

chanz4

Lowell are normaly straight up and fair agency, I know people tha had emails and been fine. Proud to hear someone taking responsability rather than the wont pay cant be bothered team

sourcrates

chanz4 wrote: »

Lowell are normaly straight up and fair agency, I know people tha had emails and been fine.

And they can also be down right dis-honest too.


What ever agreement you reach with them OP, make sure you have it in writing that the offer you make is in full and final settlement of the account, and you will not be chased for any remaining balance, by them, or any of there agents.


Then keep this in an extremely safe place for at least 6 years, so if it comes back to bite you sometime in the future, you have your evidence.