Lowell - Reduction Offer and CCJ

MrLatte

Hi Peeps, 

Had a letter from Lowell offering a 50% discount on two accounts, one being sky and the other Vodafone. I believe they may have cleverly chosen to add in the sky debt into the mix as I'm relatively sure that's no longer on my credit report, but the Vodafone one is. Paying the 50% off reduction would pay the Vodafone amount in full and some on top for the sky account which I believe is no longer on my credit score so it may be a clever way from lowell to recoup that amount.

Anyway, I literally have no problem paying off my debts, I owe them after all. But, do I need to be careful of anything before communicating with them again? Vodafone hasn't been updated since 2018, and sky possibly the same so I don't want to kick start another agreement fresh in 2022 and do more harm than good (could be completely wrong here)

Oh and last question, I've been paying lowell for a CCJ Many years ago, will the ccj drop off after 6 years even though my payment plan exceeds 6 years? 

sourcrates

Lowell will be looking to clear the decks of old debts, hence the discount.

They could also be nearing the limitation period, depends when the defaults were issued.

The CCJ will drop off your file on the 6th anniversary regardless of what you do.

fatbelly

sourcrates said:

Lowell will be looking to clear the decks of old debts, hence the discount.

They could also be nearing the limitation period, depends when the defaults were issued.

and when you last made a payment.

If there has been a clear 6 year period since the default, and you did not make a payment in that time, you can just send a statute barred letter and that should be the end of it.

The other thing to note is that a 50% settlement is their opening offer. You can propose a lower figure if you wish - use the National Debtline standard letter which is well worded 

MrLatte

sourcrates said:

Lowell will be looking to clear the decks of old debts, hence the discount.

They could also be nearing the limitation period, depends when the defaults were issued.

The CCJ will drop off your file on the 6th anniversary regardless of what you do.

fatbelly said:

sourcrates said:

Lowell will be looking to clear the decks of old debts, hence the discount.

They could also be nearing the limitation period, depends when the defaults were issued.

and when you last made a payment.

If there has been a clear 6 year period since the default, and you did not make a payment in that time, you can just send a statute barred letter and that should be the end of it.

The other thing to note is that a 50% settlement is their opening offer. You can propose a lower figure if you wish - use the National Debtline standard letter which is well worded 

Thanks for your responses peeps, using Aquas included transunion credit report it seems that the date of default for Lowell was Jan 2018, but the other account definitely isn't on the report so I don't think its worth dealing with that. 

My other question then is my only other default after lowell is with Vodafone for a small amount. If this is still showing on my credit report as Vodafone does that mean they haven't passed it onto a debt collector? They've not updated the credit agencies with an update since October 2018. 

Last thing, will clearing these default balances to £0 have any affect on the credit reports or are they too old to make much difference?