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Help With Lowell Financial

brokenbubble83
Posts: 23 Forumite
Hi
First time poster
First time poster
0
Comments
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1. You don't have to dance to their tune. The date of Dec 4 is just something they have thrown in to try to force your hand. Probably nothing will happen.
2. Hamptons Legal is just another letterhead that Lowell use. Red is another. I thought the FCA had told them not to do this.
3. As you are not sure of your dates, and they have given you Oct 2010 as a start date, it is going to be a few months after Oct 2015 (Scottish law) before you can use their information against them.
4. If you are not in a position to offer a sum in full & final settlement, and you can't offer a payment plan that clears this in a reasonable time, then maybe now is not the time to start arguing with them.0 -
Thanks for the quick response0
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Hi
The letter process doesn't really matter as I think Scottish law is the same as English in that the clock starts ticking when you miss a payment and only re-sets when you acknowledge the debt by (1) payment or (2) written acknowledgement.
I'd sit it out for now.0 -
Hi
The letter process doesn't really matter as I think Scottish law is the same as English in that the clock starts ticking when you miss a payment and only re-sets when you acknowledge the debt by (1) payment or (2) written acknowledgement.
I'd sit it out for now.
Hi FB
That's right - the principles of "cause of action" and how the clock can be re-set are effectively the same in Scotland as in England/Wales. The major differences are
(a) the time limit, and
(b) the fact that in Scotland, the debt would be held to no longer exist at all, as opposed to simply becoming unenforceable through the courts.
Dennis
@natdebtlineWe work as money advisers for National Debtline and have specific permission from MSE to post to try to help those in debt. Read more information on National Debtline in MSE's Debt Problems: What to do and where to get help guide. If you find you're struggling with debt and need further help try our online advice tool My Money Steps0 -
I would string it out as long as possible.
If they get heavy you can always play letter tennis with them for a while, eg, asking for proof of the debt (this places account on hold until evidence is provided, usually around 2 months), after that, provided evidence is supplied, you could dispute the amount they are claiming, (written complaint, can take 3/4 months to resolve).
You are just one of thousands who get these letters, they normally concentrate on the ones who say they will pay up first, everyone else ends up on the bottom of the pile.;)I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter0 -
Thanks for your help with this really appreciated. I've received a further letter from lowells advising that my account has been passed for pre legal assessment however it's not too late to get in contact with them to arrange repayment with them. I'm not really sure what to do here, do I send them a letter or give them a call? I think the debts being really close to being statue barred just unsure of the dates and from going through the forums from people's comments on similar experiences a lot of these letters seem to be empty threats as they're usually unable to produce paperwork for provident loans this old I'm totally stuck on what to do and starting to get in a bit of a panic about this.0
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I would ask for proof of the debt in writing, get at least proof of posting. Stay off the phone to companies like this. Don't admit the debt in the letter. Hopefully you can stall til SB.
If it ever got to court, I'd be mentioning the fact that they stopped coming round, you queried it and never heard anything again.
Have you checked your credit report to see what the payment status/default date is?:beer:0 -
Thanks for that, is there a template I can use for this at all? There's nothing showing on my credit report on equifax not even when I had previous provident loans which were repaid. There's 2 showings as repaid in full on experience from 2009 but nothing to provident after that, would this indicate anything in my favour at all?0
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If it's not on your report it's good for you in that it's doing no harm.
Search for the prove it letter on here, see what proof they can dig up.
Or just write and say you do not acknowledge any debt and you require proof you owe money to them.:beer:0 -
found the prove it letter gonna get this sent this weekend, Is there anything that can be put in to find out when the last payment would have been made to the account or would I wait and see what their response is first?
Thanks so much for helping me0
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