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Repaying debts with Lowell Financial

Mart34
Mart34 Posts: 160 Forumite
Eighth Anniversary 10 Posts Combo Breaker
in Credit file & ratings
Hi guys
I have a few debts, all being managed by Lowell financial, and I have been in agreement with them for a while. (lots of small debts) baring in mind a payment plan is in place on all the debts they are still reporting my debts as Default, is it correct or should I get in touch with them to ask why they are still reporting them as default and not as satisfactory for example.

Thanks
«13

Comments

  • [Deleted User]
    [Deleted User] Posts: 35,383 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    It's because you're still defaulting on the original agreement.

    It's all correct and nothing you need to do anything about.
  • Mart34
    Mart34 Posts: 160 Forumite
    Eighth Anniversary 10 Posts Combo Breaker
    Thanks, thought it was, just wanted to check. Currently in the process of getting debt free
  • HonmaDP
    HonmaDP Posts: 69 Forumite
    I’ve got a couple of old debts with this bunch that are off my credit file. I pay £1 a month and will no for the foreseeable future.
  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    HonmaDP wrote: »
    I’ve got a couple of old debts with this bunch that are off my credit file. I pay £1 a month and will no for the foreseeable future.

    And at any point they can ask for a statement of earnings and then demand that you pay more
  • HonmaDP
    HonmaDP Posts: 69 Forumite
    I will lie about my disposable income and never pay more.
  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    They can ask for payslips and bank statements
  • HonmaDP
    HonmaDP Posts: 69 Forumite
    Don’t have them
  • EssexHebridean
    EssexHebridean Posts: 25,668 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    HonmaDP wrote: »
    I will lie about my disposable income and never pay more.

    "Advice" best ignored.
    🎉 MORTGAGE FREE (First time!) 30/09/2016 🎉 And now we go again…New mortgage taken 01/09/23 🏡
    Balance as at 01/09/23 = £115,000.00 Balance as at 31/12/23 = £112,000.00
    Balance as at 31/08/24 = £105,400.00 Balance as at 31/12/24 = £102,500.00
    £100k barrier broken 1/4/25
    Balance as at 31/08/25 = £ 95,450.00. Balance as at 31/12/25 = £ 91,100.00
    SOA CALCULATOR (for DFW newbies): SOA Calculator
    she/her
  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    HonmaDP wrote: »
    Don’t have them

    They’ll ask you to produce or get hold of them.

    There’s ways they’ll get to you
  • HonmaDP
    HonmaDP Posts: 69 Forumite
    My Mrs says I always come up smelling of roses. Once they fall off my file in a couple of years I couldn’t care less. Until then it’s £1 a month each.
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