Lowells et al

hagler

hi guys hope your all doing well, its been a year since i stopped paying and all debts are in default, most have been sold to lowell cabot and pra and m&s is still with moorcroft and not sold

pra and cabot are offering discounts, lowell is getting quite agressive and threatening court action as i didnt respond in the last 14 days for 2 newday cards with £5k between them

im just a bit confused at the moment do i just sit tight and ignore as ive been doing all year or do i make contact for token payments, not got any assets or savings as had to leave work to be a full time carer hence why i couldnt afford to repay and had to default

out of the lot lowell are the most aggresive and threatening ccj's and legal action

any suggestions would be appreciated

steve

RAS

Have you written to any of your creditors and asked for write offs, unless you believe the caring role is short-term? 

Have you told Lowell about the change in your financial situation?

fatbelly

If you don't have a lump sum available for full & final settlement

And you don't have enough spare income to pay the lot in say 5 years

Then those two strategies are not realistic

If you own property then insolvency is out too.

At this stage I think RAS's idea is best.

Keep in mind that if Lowell get to the stage of sending a formal preaction letter with rep!y form and 30-day limit then you do have to respond to that

Edit: not sure you are a property owner but in 2022 you told us that you were runing a car worth 6k, which I said was a good compromise as there should be life in it but not depreciating much.

Since then, the rules around a DRO have changed and the fee has been dropped. You can now own a 4k car. Worth having a look to see if you qualify

https://www.gov.uk/guidance/how-to-get-a-debt-relief-order-dro

ManyWays

You talked earlier about asking Lowell for the CCA agreements, did they produce them? 

sourcrates

Ignoring the likes of Lowell is not always best practice, if you genuinely cannot afford to make payments to the debts they hold for you, write and tell them so, they will then remove you from the list for possible legal action, and treat you as a "can`t pay" rather than a "won`t pay".

You really have to know when to help yourself here, they will litigate if you continue to ignore their letters, go with the suggestion RAS makes above, you are in a good position to obtain write offs, so go ahead and ask.

hagler

thanks for the replies all, have not been in touch but i think your all right this might be the best route to take and will be contacting them to tell them whats happened and will then see what they say

thanks again for the help

steve