PLEASE HELP - Lowell Solicitors Letter of Claim for £2916.54 on behalf of Capital One

[brokestudent]

Hello,

Today I received a Letter of Claim from Lowell Solicitors, acting on behalf of Lowell Portfolio 1 LTD, with regards to debt passed to them by Capital One.

I have redacted my personal information and have attached images of the letter to this post.

I do owe this debt, however, I am not certain how much interest has been applied to the original figure by Capital One.

I am prepared to pay this debt, but I am currently a student and barely subsist on my current income, and so am not in a position to pay anything other than very small monthly repayments.

Please advise, and thank you in advance for your assistance.

Regards,

D. T.

[Amethyst]

If you call Lowell they will go through your income and expenditure with you to work out an installment arrangement based on your circumstances, and arrange to review it every 6 months.

Do you know when you defaulted on the Capital One card? IT was opened 2014 so presumably it defaulted 2016/2017 before assignment to Lowell, so it is likely to be enforceable and it isn't statute barred.

[brokestudent]

Thanks, Amethyst.

Yes, I believe I defaulted around 16/17.

So, your advice is for me to telephone them to discuss a repayment plan?