updates on my situation

dan405

So as you maybe aware of my situition and how I've been communicating with the debt collectors and other creditors

Lowell has written off my £4285 debt and this matter is now closed

Hopefully it should fall off my credit report and get a debt relief order

Here is the email



Good afternoon,



Thank you for your email.



Lowell reference: 293952982 – 118 118 Money.



Since the email you have sent and your conversation with ourselves on 03/09/2018 we have reviewed this matter and decided to take no further action to recover the balance. The account has now been closed.



Please be aware If a default has been registered against you for this account it will remain on your credit file for six years from the date of default.



If you have any further queries, please don’t hesitate to contact us.



Kind regards,



Martin

Lowell Financial, part of Lowell

T: 0333 556 5733

Email: post@lowellgroup.co.uk

Opening Times: Monday - Friday 08:00 to 20:00, Saturday 08:00 to 14:00

Website: https://www.lowell.co.uk

I'll give you more updates as I get them

As it stands I only owe £18298 now.

Daniel

sourcrates

Well done Dan.


Sometimes the system does work, and it goes to show it always pays to tell the creditor your situation rather than let them guess.

dan405

They are more than happy that Im trying to sort my situation by myself. They stated on the phone all my creditors want to help me I need to approach and update my biggest creditor because they wanted to know about this. I believe now that lowell have written off this debt its more prove that I am unable to pay. So my biggest may just write off there's too

I'll update more when I get it.

A quick question

If they decided to change there mind would this email count as prove as it's been written off / closed

Daniel

Willing2Learn

dan405 wrote: »

A quick question

If they decided to change there mind would this email count as prove as it's been written off / closed

Yes. The email is evidence of what has been agreed. Keep it safe for at least six years...

Edit: And well done. You are making excellent progress with dealing with your creditors.

dan405

Brilliant I shall move it to a safe place.

How will it affect my credit file now as I want to start looking at a DRO

Daniel

January2015

Well done - great news I'm sure that even though it's not all your debts sorted yet, this is already a great weight off your shoulders.

Many thanks for the update. It's great when folk come back and update everyone after asking for advice. Sometimes we never hear back and are left wondering.

fatbelly

This is what I referred to in your other thread

You should know that if any creditor confirms the debt is written off (they probably won't but no harm in trying) then it does not need to be included.

I struggled to find that as you have now started 7 threads on your situation.

'The account has now been closed.' does not mean that the entry is removed from your credit report and may not mean that the DRO Unit can be persuaded that this is written off - they will certainly see it on your file.

If I was your intermediary I would run that email past the DRO Unit ahead of considering a DRO application.

But it's definitely a step in the right direction - maybe you won't need a DRO or bankruptcy after all.

dan405

Clearscore vs noodle.

Noodle lists all my debts 22k.

Clearscore lists one debt of £332 and nothing else

I don't understand how this works?

Willing2Learn

There are three Credit Reference Agencies (CRAs). Lenders do not report to all three, sometimes just one, other times maybe two of them.

You need to check with all three CRAs.
ClearScore = Equifax.
Noddle = TransUnion(ex CallCredit).
The third one you should check is MSE Credit Club (= Experian).

[Deleted User]

Well done Dan!

This is great news.

Dxxx

zippygeorgeandben

Hey Dan - great news well done!