lowell/ fredrickson annual statement

[unknown00]

Re: lowell/ fredrickson annual statement

Just got this letter , what's people's thoughts? Should I take the opportunity at the discount and set up a payment plan or does this mean they know they have no chance of recovering the debt?

[Noah]

Re: lowell/ fredrickson annual statement

I can't read what the offer is.

I don't think that there is any truth in the adage , if they offer any discount it must be unenforceable

When you consider they pay peanuts for the debt if the debt is looking like it may take a long time to recoup then why not offer a discount.

Can you imagine
A 100 debt bought for £10 . IF the debtor is on a low wage with other debts the best you might get is £1 a month
How many years will it take just to claw back the fees and costs ?

If they can get £30 now its probably worth it -and they do not need to employ people to chase it

[nemesis45]

Re: lowell/ fredrickson annual statement

Just got this letter , what's people's thoughts? Should I take the opportunity at the discount and set up a payment plan or does this mean they know they have no chance of recovering the debt?

It's my feeling that such offers are an attempt to make the debt purchasers look charming an caring when really they are out to get every penny they can get while avoiding the costs ok litigation with the prospect of increased court fees I suspect we shall see more such " altruistic " offers.

nem

[charitynjw]

Re: lowell/ fredrickson annual statement

I can't read what the offer is.

I don't think that there is any truth in the adage , if they offer any discount it must be unenforceable

When you consider they pay peanuts for the debt if the debt is looking like it may take a long time to recoup then why not offer a discount.

Can you imagine
A 100 debt bought for £10 . IF the debtor is on a low wage with other debts the best you might get is £1 a month
How many years will it take just to claw back the fees and costs ?

If they can get £30 now its probably worth it -and they do not need to employ people to chase it

[MENTION=80111]unknown00[/MENTION]

So it would seem that the choice is to either pay the reduced full & final figure (£30 or whatever - perhaps you could give us the actual figure?), or to carry on & see what kind of 'hand' they're holding.

Your choice, really.

[unknown00]

Re: lowell/ fredrickson annual statement

sorry about rubbish quality is this any better?
the amount is £1562 and there offering me a 60% discount, are they just taken a stab in the dark to try and get me to call them do you think?

[unknown00]

Re: lowell/ fredrickson annual statement

sorry about rubbish quality is this any better?
the amount is £1562 and there offering me a 60% discount, are they just taken a stab in the dark to try and get me to call them do you think?

I'm useless with scanners so I typed out and uploaded it

[Noah]

Re: lowell/ fredrickson annual statement

Personal opinion is that it is a con

We may be able
of up to
depending on your circumstances

I would hazard a guess that if you contact them it will be a lot more.

Having said that
you could make a counter offer
Although I do not acknowledge this debt I have been offered a sum of money to clear this alleged balance. I am able to offer £300 in full and final settlement of this account on the understanding that the account is closed and I will not be asked for any further sums from either yourself or any 3rd party now or in the future. This offer is open for 14 days and will be paid immediately I receive your letter of acceptance.

I am only making suggestions. See what others think

Depends if you can afford it.

[unknown00]

Re: lowell/ fredrickson annual statement

You pointed out some very interesting things there with regards to the wording they used think I'll wait for a reply from them with regards to harassment calls and not fulfilling their obligations under s78 (1) of the cca.

[Noah]

Re: lowell/ fredrickson annual statement

I think people like Lowells would sell their granny if it made them a profit.

The whole debt purchase business sums up in my opinion what is wrong with todays economies and businesses.

If a major high st bank acted the way some of these people do they would make front page headlines and public opinion would be against them but seeing as it is only debtors , who only have themselves to blame, no one cares

BTW that is not my opinion just how I think the financial industry and their bedfellows the politicians work.

[MIKE770]

Re: lowell/ fredrickson annual statement

be honest if a company cannot be bothered to reclaim debt of monies alledged owed to them and sell for pennies then, that should be the end of it, as they could not be bothered, not some trumped up financial theft organisation claim all for next to nothing = something wrong in the minds of financial establishments! no wonder the world economy is in a mess

- - - Updated - - -

and companies who loose money yet get bonuses for bad practice = defiantly an asylum ( they closed them down so they do not get admitted) by government! but of course the government are funded by these in competent companies.

[unknown00]

Re: lowell/ fredrickson annual statement

It's ridiculous especially when you beg and plead with the original company to sort out a payment plan then they go sell it for pennies.

Any ideas why they go by so many different names

[nemesis45]

Re: lowell/ fredrickson annual statement

It's ridiculous especially when you beg and plead with the original company to sort out a payment plan then they go sell it for pennies.

Any ideas why they go by so many different names

Some of these " trading styles" such as Lowell Portfolio l ll lll lV and Holdings Ltd are Companies set up to manage portfolios of debts bought by the Lowell Group of companies.

One at least has been liquidated.

nem

- - - Updated - - -

It's ridiculous especially when you beg and plead with the original company to sort out a payment plan then they go sell it for pennies.

Any ideas why they go by so many different names

Some of these " trading styles" such as Lowell Portfolio l ll lll lV and Holdings Ltd are Companies set up to manage portfolios of debts bought by the Lowell Group of companies.

One at least has been liquidated.

nem

- - - Updated - - -

It's ridiculous especially when you beg and plead with the original company to sort out a payment plan then they go sell it for pennies.

Any ideas why they go by so many different names

Some of these " trading styles" such as Lowell Portfolio l ll lll lV and Holdings Ltd are Companies set up to manage portfolios of debts bought by the Lowell Group of companies.

One at least has been liquidated.

nem

[unknown00]

Re: lowell/ fredrickson annual statement

Hi, just a quick update, all my accounts with Lowell are now showing as closed/settled accounts on my credit report.:tinysmile_grin_t:
Thank you all so much for your help

[nemesis45]

Re: lowell/ fredrickson annual statement

Hi, just a quick update, all my accounts with Lowell are now showing as closed/settled accounts on my credit report.:tinysmile_grin_t:
Thank you all so much for your help

Good morning Unknown,
This usually indicates that the debt (s) have been sold on, the " settled " marker indicates that Lowell have been paid for the debt.

You can expect contact from the new " owner " in due course.

nem

[unknown00]

Re: lowell/ fredrickson annual statement

Such fun, I'll await more letters and go through all the process again