Letter of Claim - Lowell Solicitors (Overdraft, Halifax)

[trilla1337]

Hello everyone - very impressive help being given out to everyone on here so alot of respect for you guys.

I'm not the most in need of help here, as this is a situation of my own doing however someone may like to take on this challenge.

I have an overdraft debt that defaulted in 09/13 when I had serious gambling debts. These was "low priority" in my mind but obviously is not.

I have several other gambling debts (some also being pursued by Lowell, all overdrafts) which total around 3k on top of this one.

Balance Around £3500
Original Creditor - Halifax (Current Account)

This is the only one that has got to this stage, and is my biggest debt by far.

Today I have received a "Letter of Claim" which is in the standard format.

"You must contact us or make arrangements to pay within the next 14 days or a Claim will be issued without further notice to you. If a claim is issued you will be liable for further court fees"

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I acknowledge that I do owe this money, however am trying to think of best options to proceed. Is it too late to take them up on the 40% offer that was made one months ago (in installments) or should I fight it using the usual track.

Hope you can help ! Thanks.

[Amethyst]

Re: Letter of Claim - Lowell Solicitors (Overdraft, Halifax)

You should ask them though for a breakdown of the amount being claimed first - how much was overdraft and how much is charges?

You can have a shot at negotiating down some, try for the 40% if you can do a lump sum payment, if not make them a monthly installment offer, then you may be able to avoid it going to court proceedings. The offer should be based on your income and expenditure, taking into account of course your other debts and priority bills.